Ceres Power awarded funding for two ship emission projects, solid oxide fuel cell (SOFC) technology in megawatt-class cruise ship applications.
Ceres Power Holdings PLC (LSE:CWR) has received funding for two separate projects as part of the Clean Maritime Demonstration Competition.
Run by the UK Department for Transport and delivered in partnership with Innovate UK, the £23mln initiative will aid 55 projects focused on the development of zero-emission vessels by 2025.
The two projects in which Ceres is involved will evaluate the most effective means to integrate its solid oxide fuel cell (SOFC) technology in megawatt-class cruise ship applications.
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A consortium involving GE Power Conversion, MSC (Mediterranean Shipping Company) and Lloyd’s Register, will explore how best to address the barriers to the adoption of fuel cells in large vessels.
Ceres Power Awarded Funding for two Ship Emission Projects, Solid Oxide Fuel Cell (SOFC) Technology in Megawatt-class Cruise Ship Applications
A second consortium comprising Carnival UK, the University of Southampton, Shell and Lloyd’s Register will look into the feasibility of using Ceres’ SOFC technology to replace the use of diesel generators in cruise ships.
Ceres said the projects will allow it to demonstrate how its fuel cell technology can be used in the marine sector where the International Maritime Organization has mandated a 50% reduction in emissions by 2050 from 2008 levels.
The AIM-listed group is already working with Korea Shipbuilding & Offshore Engineering, on a cleaner power system using SOFC stack technology.
Phil Caldwell, Ceres’ chief executive, said:
Solid oxide fuel cells are one of the most promising clean energy technologies to support the decarbonisation of an industry that accounts for over 2% of global greenhouse gas emissions.
Highlight:
- Shipping accounts for over 2% of global greenhouse gas emissions
Ceres Power awarded funding for two ship emission projects, September 15, 2021
