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Company type | Public |
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Industry | Alternative Energy |
Founded | 2001 |
Headquarters | Horsham, England, UK |
Key people | Warren Finegold, Chair Phil Caldwell, CEO |
Revenue | ![]() |
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Number of employees | 536 (2022) [1] |
Website |
www |
Ceres Power Holdings plc is a UK developer of solid oxide electrolyzer cell [2] and solid oxide fuel cell technology [3] for use in distributed power systems aimed at decarbonising cities, factories, data centres and electric vehicle charging. [4] Founded in 2001, it is headquartered at Horsham in the UK. It is listed on the London Stock Exchange. It is also classified by the LSE Green Economy Mark, [5] which recognises listed companies that derive more than 50% of their activity from the green economy. [6]
In 2001, Ceres Power spun-out from Imperial College London [7] after more than 10 years of fundamental research led by Professor Brian Steele. [8]
In November 2004, Ceres was first listed on the London Stock Exchange. [9]
In September 2013, Phil Caldwell became the CEO of Ceres Power [10] following investment from IP Group. [11]
The Ceres patented Steel Cell is a Solid oxide fuel cell (SOFC) that can operate on mains natural gas for distributed power generation. [12]
The steel cell operates at 500-600 °C which allows the use of cerium gadolinium oxide (CGO) in the anode and electrolyte and the bulk of the fuel cell to be mostly made from ferritic steel. [13]
The technology is reversible. In one direction it can generate electricity from multiple fuels; in the other, it can generate green hydrogen at low cost and high efficiencies. [14]
The UK Hydrogen Strategy cites UK companies including ITM Power, Johnson Matthey and Ceres as being at the forefront of hydrogen technology development worldwide. [15]
Ceres is an Executive Member of the UK Hydrogen and Fuel Cell Association UK Hydrogen and Fuel Cell Association [16] and a founding member of the Long Duration Energy Storage Council. [17]
Ceres operates a licensing business model and partners with global industry partners to develop clean energy systems and products. Partners included Bosch, [18] Weichai, [19] Doosan, [20] Miura [21] and Shell. [22]
In July 2023, Ceres Power was awarded the 2023 MacRobert Award by the Royal Academy of Engineering. [23] This is the UK's most prestigious engineering prize. [24]
In its award citation, the academy recognised Ceres for its "ground-breaking fuel cell technology that promises to make a major contribution to decarbonising the world at the scale and pace required to save the planet." [14]
In 2021 Ceres was awarded the Queen’s Award for Enterprise 2021 in the category of International Trade. [25]