Ceres Power Holdings plc: Bosch Collaboration With Ceres Progresses To Mass Production Of SOFC Systems, With An Initial 200mw Capacity In 2024

PRNewswire

Dec 07, 2020

- Bosch extends its successful collaboration with Ceres to move from prototyping to preparing for mass production of SOFC systems based on Ceres' proprietary fuel cell technology

- Multiple sites in Germany are aiming to produce an initial aggregate 200MW capacity in 2024

- SOFC systems to be used in the stationary power market, initially for decentralised power plants in cities, factories, data centres and electric vehicle charging infrastructure

- Value to Ceres from 2021 to 2023 is around £23m, of which c.£6m is conditional on meeting KPIs based on performance

PR Newswire

HORSHAM, England and STUTTGART, Germany, Dec. 7, 2020

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