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ceres-shell-ink-megascale-green-hydrogen-deal
ceres-shell-ink-megascale-green-hydrogen-deal

Ceres, Shell ink megascale green hydrogen deal

Fuel cell manufacturer Ceres Power Holdings plc (Ceres) has signed a deal with energy giant Shell to advance the green transition through delivery of a megawatt scale solid oxide electrolyser (SOEC) demonstrator.

To be located at Shell’s R&D development technology centre in Bangalore, India, the deal aims to advance green hydrogen as a viable clean energy alternative and reduce the global reliance on fossil fuels.

The project will serve to accelerate both company’s ambitions to reach their net-zero targets and scale-up hydrogen production.

Having previously committed £100m for the development of its SOEC technology, Ceres aims to produce hydrogen at efficiencies around 20% greater than other technologies and achieve a levelized cost of hydrogen of $1.5 per kg by 2025.

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