Ceres Power Regulatory News (CWR)

21 February 2023

Ceres' partner Weichai launches stationary power SOFC system

at ceremony to mark its CE certification with TÜV SÜD

Horsham, UK:  On Saturday 18 February, Ceres' strategic partner Weichai Power, unveiled its 'world-leading high-power metal supported solid oxide fuel cell (SOFC) system' based on Ceres' technology.

In a ceremony - attended by Tan Xuguang, Chairman of Weichai Power, and Jonathan Heywood, Director of Ceres China, as part of the 11th International Conference of ICE Reliability in Jinan, China - Weichai announced that its SOFC power system using Ceres' technology has passed the EU CE certification of the international authoritative testing organisation, TÜV SÜD.

The SOFC stationary power system has been demonstrated in Weichai's Fuel Cell Industrial Park and with Weifang Energy Group, where Weichai announced it has achieved cumulative operation of more than 30,000 hours. The system can start and stop up to four times faster than other technologies, with power generation efficiency of more than 60% and cogeneration efficiency more than 85%. Installed in modular units, it can be scaled to megawatts of power output, making 'SOFC another major strategic pillar of Weichai's diversified development of energy'.

Weichai estimates that when its products reach 1GW of distributed power deployed, it has the potential to reduce carbon emissions by around two million tonnes per year, compared with electricity drawn from the grid and save around 600 million cubic metres of natural gas, compared with traditional natural gas internal combustion engine generator sets.

Weichai's press release can be read here: https://mp.weixin.qq.com/s/ASQX5TFypNwniEUmTWpG0g

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About Ceres

Ceres is a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in Korea, to develop systems and products that address climate change for power generation, transportation, industry, data centres and everyday living. Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.