Ceres Power upbeat as partner unveils fuel-cell system

21st Feb 2023 09:56

(Sharecast News) - Ceres Power said in an update on Tuesday that its strategic partner Weichai Power unveiled its "world-leading high-power metal supported solid oxide fuel cell system "(SOFC) on 18 February, based on Ceres' technology.

The AIM-traded firm said the unveiling, part of the 11th International Conference of ICE Reliability in Jinan, China, saw Weichai announce that its SOFC power system had received a European CE-mark from German testing and certification firm TÜV SÜD.

It said the SOFC stationary power system was demonstrated in Weichai's Fuel Cell Industrial Park and with Weifang Energy Group, where Weichai announced that it had achieved cumulative operation of more than 30,000 hours.

"The system can start and stop up to four times faster than other technologies, with power generation efficiency of more than 60% and cogeneration efficiency more than 85%," Ceres explained in its statement.

"Installed in modular units, it can be scaled to megawatts of power output, making SOFC 'another major strategic pillar' of Weichai's diversified development of energy.

"Weichai estimates that when its products reach 1GW of distributed power deployed, it has the potential to reduce carbon emissions by around two million tonnes per year, compared with electricity drawn from the grid and save around 600 million cubic metres of natural gas, compared with traditional natural gas internal combustion engine generator sets."

At 1008 GMT, shares in Ceres Power Holdings were up 3.42% at 456.4p.

Reporting by Josh White for Sharecast.com.