Delta Secures License to Hydrogen Energy Technology from UK-listed Ceres to Develop its Fuel Cell and Electrolysis Solutions 22nd January 2024
Delta Electronics, Inc. (hereinafter referred to as “Delta”), a global leader in power and thermal management and provider of IoT-based Smart Green Solutions, today announced the signing of a long-term collaboration agreement, which includes technology transfer and licensing, with Ceres Power Limited, subsidiary of London Stock Exchange-listed Ceres Power Holdings plc (hereinafter referred to as “Ceres”) to access Ceres’ Hydrogen energy stack technology portfolio for approx. GBP43 million. Ceres is a global leader in solid oxide fuel cell and electrochemical technology. Through this partnership, Delta expects to integrate Ceres’ energy stack technology with its own industry-leading power electronics and thermal management technologies to develop solid oxide fuel cell (SOFC) and solid oxide electrolysis cell (SOEC) systems for hydrogen energy applications, with production expected to start by the end of 2026, with strong ambition for future scale-up. These SOFC and SOEC systems are expected to enhance the capabilities of Delta’s green solutions for a myriad of sectors, such as, chemicals, energy, transportation, steel and more.
Ping Cheng, Delta’s CEO, said, “Hydrogen has high heating value and zero CO2 emission potential characteristics, and thus, will play a crucial role in the global transition towards net-zero. Moreover, Hydrogen SOFC systems boast reliability and high efficiency in electricity generation, making them ideal for micro-grid applications, distributed power systems, mission-critical facilities, such as data centers, semiconductor production lines, and other advanced manufacturing. SOEC systems will also play a key role in the chemical, utilities, and steel industries as they are adopting green hydrogen to replace fossil fuels in their manufacturing processes and operations. By leveraging Ceres’ expertise in solid oxide stack technology and our industry-leading technologies in power and thermal management, Delta will enrich its infrastructure solutions portfolio by delivering high-efficiency SOFC and SOEC systems for our customers worldwide, hence, further contributing to global carbon reduction targets.”
Phil Caldwell, CEO of Ceres added, “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.”
In addition to licensing key energy stack technologies, Delta will also establish a “Net-zero Science Laboratory” at its Tainan manufacturing complex to develop cutting-edge zero-carbon technologies, including hydrogen energy, and to enrich its own R&D capabilities in related application fields. From 2024 to 2026, Delta expects to carry out product development and production line integration at its Tainan plant with Ceres’ engineering service support. Production for the aforementioned technology is expected to start by the end of 2026. Delta expects to further integrate its diverse smart energy solutions, including microgrid applications and energy management platforms, with these hydrogen energy systems to provide a more comprehensive and flexible low-carbon infrastructure offerings to its customers.