CERES is extending its successful collaboration with BOSCH to move from prototyping to preparing for mass production of SOFC systems based on CERES’ proprietary fuel cell technology. Multiple sites in Germany are aiming to produce an initial aggregate 200MW capacity in 2024. The SOFC systems are to be used in the stationary power market, initially for decentralised power plants in cities, factories, data centres and electric vehicle charging infrastructure. The value to Ceres from 2021 to 2023 is around £23m, of which c.£6m is conditional on meeting KPIs based on performance.
You can read the press release in full on the CERES website.