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Ceres Power partner starts mass production in South Korea
(Sharecast News) - Ceres Power announced on Monday that its South Korean partner, Doosan Fuel Cell, has begun mass production of solid oxide fuel cell systems based on Ceres' proprietary technology, marking a significant milestone in the companies' strategic partnership. The Londoon-listed firm said Doosan was the first of its licensing partners to enter full-scale manufacturing, with production taking place at a dedicated facility in Jeollabuk-do, South Korea.
It said the site was capable of producing fuel cells and systems with an annual electrical generation capacity of 50MW.
Initial sales of the systems were expected before the end of 2025, with the South Korean market as the primary launch focus.
"Fuel cells have a major part to play in meeting the world's rapidly-increasing power demands, developing energy resilience and ensuring decarbonisation," said Phil Caldwell, CEO of Ceres.
"Ceres' solid oxide design is the ideal technology for these applications through its higher efficiency, lower cost and greater robustness than other technologies.
"Doosan Fuel Cell's commencement of mass manufacturing is a major step in bringing this technology to the world."The fuel cells would target stationary distributed power applications, including data centres, where rising demand driven by artificial intelligence was fuelling the need for efficient and resilient energy solutions.
Other applications included stabilising renewable energy grids, supporting microgrids, supplying building power, and providing auxiliary systems for marine shipping.
"Fuel cells, a clean energy solution, are gaining attention as an optimal alternative to various power demands triggered by AI, including data centres," commented Doosoon Lee, CEO of Doosan Fuel Cell.
"In South Korea, the world's leading fuel cell market, we aim to lead the adoption of advanced SOFCs by leveraging our collaboration with Ceres."
The launch marked the first commercial-scale production of Ceres' metal-supported solid oxide fuel cell technology.
At 0917 BST, shares in Ceres Power Holdings were up 34.1% at 134.9p.
Reporting by Josh White for Sharecast.com.
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