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Pin to quick picksShell Share News (SHEL)

Share Price Information for Shell (SHEL)

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Share Price: 2,858.50
Bid: 2,855.50
Ask: 2,856.50
Change: 0.00 (0.00%)
Spread: 1.00 (0.035%)
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Prev. Close: 2,858.50
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Ceres to deliver megawatt-scale SOEC to Shell

Tue, 28th Jun 2022 08:20

(Sharecast News) - Fuel cell and electrochemical technology company Ceres Power has signed an agreement with Shell to deliver a megawatt-scale solid oxide electrolyser demonstrator in 2023.

Ceres said on Tuesday that the SOEC system will be installed at Shell's research and development technology centre in Bangalore, India, where the hydrogen will be used in industrial processes on site.

The AIM-listed firm, which has committed £100.0m to the technology, stated the testing programme was intended to run for at least three years, forming the first stage of a collaborative relationship between the pair.

Chief executive Phil Caldwell said: "Today's announcement with Shell is a hugely important step for Ceres. The partnership endorses our business strategy and signals the potential of our SOEC technology to deliver low-cost green hydrogen for industrial decarbonisation at the scale and pace needed to reach net-zero."

As of 0815 BST, Ceres shares were up 4.01% at 596.20p.

Reporting by Iain Gilbert at Sharecast.com

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*

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Trades   Bids   Offers  Previous  Seller  Buyer
Session
0.1 GO Barge April
diffs fob ARA -$29.0
per tonne 0
<GO-ED-ARA>
0.1 GO Cargo
diffs cif NWE
per tonne
<GO-CND-NWE>
0.1 GO Cargo
diffs cif Med
per tonne
<GO-CND-MED>
50ppm barge May
diffs fob ARA +$2.0
per tonne 0
<GO50PPM-ED-A
RA>

Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge May -$2 April April Apr
diffs fob ARA to -$4 Flat -$1/+2 -$0.25-+
per tonne .00 $1
<ULSD10-BD-AR
A>
Diesel cargo 2 May Litasc Glenco
diffs cif NWE cargoes +$20.2 o re
per tonne at May 5
<ULSD10-ANYD- $12.50
NWE>
Diesel cargo Med Med
diffs cif Med +$6.0 +$0.75
per tonne 0
<DL-CIFD-MED>

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel
barge
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel CCM CCM
cargo -$4 -+2
cif NWE per
tonne
<JET-CD-NWE>

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