FTI Consulting (Financial PR)
Dwight Burden / Ben Brewerton
Tel: +44 (0)203 727 1000
Email: ceres_power@fticonsulting.com
(BUSINESS WIRE)--Ceres Power Holdings plc (CWR.L), a leading developer of clean energy technology, and Delta Electronics (“Delta”), a global leader in power and thermal management solutions, today make a joint press release on their collaboration, which is shown in full at the end of this statement.
Ceres and Delta have signed a global long-term manufacturing collaboration and licence agreement for both solid oxide electrolysis cell (“SOEC”) and solid oxide fuel cell (“SOFC”) stack production.
Headquartered in Taiwan, Delta employs over 80,000 people across approximately 200 facilities worldwide and is listed on the Taiwan Stock Exchange with a market capitalisation of approximately US$23 billion. Delta’s expertise in mass manufacturing, power electronics and data centres for customers like Microsoft, has seen it diversify into turnkey decarbonisation solutions and the development of smart buildings, energy infrastructure, grid balancing and energy storage for customers such as Tesla.
Phil Caldwell, CEO of Ceres commented, “It’s great to announce a new partnership today with Delta, a company with worldwide expertise in mass manufacturing, power electronics and system integration. We believe Delta can deliver efficient clean hydrogen solutions for its customers utilising both our SOFC and SOEC technologies. Green hydrogen has a key role to play in delivering a more secure and sustainable future energy system and today we take this first step towards what promises to be a strong collaboration with Delta to accelerate the industry globally.”
Read the joint press release here.
For further information visit www.ceres.tech.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240118328723/en/
FTI Consulting (Financial PR)
Dwight Burden / Ben Brewerton
Tel: +44 (0)203 727 1000
Email: ceres_power@fticonsulting.com