History
Based on research spun out from Imperial College London, Ceres has been perfecting its unique electrochemical technology for 20 years. This is the story of how Ceres became the UK’s most valuable clean tech company.
2024
Delta Secures License to Hydrogen Energy Technology from UK-listed Ceres to Develop its Fuel Cell and Electrolysis Solutions
2023
Ceres awarded Commercial Technology of the Year Award by S&P Global Energy
Ceres and Alma announce maritime collaboration
Ceres Wins Prestigious MacRobert Award for Engineering Innovation
State-of-the-art hydrogen fuel cell test facility opens it doors in the West Midlands.
Ceres had the honour of ringing the bell at the London Stock Exchange, marking our move from the Alternative Investment Market to the Main Market.
Ceres announces its intention to seek a Premium Listing on the Main market of the LSEG (London Stock Exchange Group).
Ceres collaborates with Bosch and Linde Engineering on a 1MW green hydrogen demonstration
RFC Power expands its partnership with Ceres to accelerate the development of its unique flow battery technology
Ceres’ partner Weichai launches stationary power SOFC system at ceremony to mark its CE certification with TÜV SÜD
2022
First green hydrogen agreement signed with Shell, to locate a megawatt scale solid oxide electrolyser (SOEC) demonstrator in Bangalore, India.
Ceres and HORIBA MIRA partner to accelerate hydrogen and fuel cell testing and technology to market.
Weichai, Bosch and Ceres plan strategic three-way collaboration to access the substantial opportunities that exist for fuel cell technologies in China.
2021
Ceres signs joint development and equity agreements with a long-duration energy storage company, RFC Power.
Ceres successful in two maritime consortia awarded UK funding aimed at making zero-emission vessels a commercial reality by the middle of the decade.
Ceres awarded Queen’s Award for Enterprise 2021 recognising its excellence in International Trade.
Ceres raises a further £181m to accelerate its electrolysis programme for green hydrogen, and SOFC future fuels and higher power development
Bosch announces €400m investment into its SOFC business to 2024 and plans to install up to 100 small-scale fuel cell power stations into operation.
2020
Ceres UK pilot manufacturing plant opens in Redhill.
- Bosch successfully manufactures Ceres technology outside UK for the first time. Invests further £48m to increase it equity stake to 18%.
- Bosch also announces manufacturing partnership targeting 200MW of annual capacity by 2024.
Ceres and Doosan expand strategic collaboration with mass manufacturing in Korea
2019
New partnership for the Korean market signed with Doosan.
World’s first SOFC bus in field trials with Weichai, China.
First commercial product launch in Japan with Miura.
Ceres awarded the Green Economy Mark by the London Stock Exchange, recognising listed companies that derive more than 50 per cent of their activity from the Green Economy.
2018
Bosch becomes the first manufacturing partner of Ceres’ technology, taking a 4% equity stake for £9m.
Weichai Power takes a system licence to develop a 30kW range extender for electric buses in China and builds a 20% equity stake in Ceres for £48m.
Continued government support, in the form of a £4.5m APC grant towards anchoring UK low carbon development, supports progress ahead of market maturity.
2016
Automotive programme starts with TSB EVRE grant to develop high power density SOFC stack for EV range extender.
2013
Ceres appoints Phil Caldwell as Chief Executive and adopts new business strategy and model.
DECC Energy Entrepreneurs funding of £1m provides lifeline.
Joint development agreement with Honda.
2012
British gas ends investment in SOFC technology and Ceres system.
2008
SEEDA grants totalling £560k facilitate move into current headquarters at Viking House in Horsham.
2007
World’s first wall-mounted CHP launched with British Gas. They place a forward order for 37,500 units and take a 10% equity stake.
2006
First 1kW stack test.
2004
Ceres Power Holdings Ltd lists on the Alternative Investment Market of the London Stock Exchange.
2003
£175k first DTI grant for first full system prototype.
2001
Ceres Power Ltd spins out from Imperial College to commercialise the metal-supported SOFC technology based on the use of doped Ceria as an electrolyte material proposed by Prof. Brian Steele.
1990s
£300k EPSRC grant awarded to Prof. Brian Steele for development of SOFC materials at Imperial College, with the aim of lowering the operating temperature and improving thermal cycling robustness, which he viewed as critical to the commercialisation of SOFC technology.