Ceres signed a global long-term licence agreement for manufacture of proprietary solid oxide electrolyser cell technology with OEM headquartered in the Asia Pacific region.
Ceres has signed a global long-term licence agreement for the manufacture of Ceres’ proprietary solid oxide electrolyser cell (“SOEC”) technology with a global original equipment manufacturer (“OEM”) headquartered in the Asia Pacific region.
Highlights
- Global OEM Partner – secures another partner for Ceres with the scale, expertise and resource to manufacture advanced equipment for the growing green hydrogen sector
- Significant Revenues – the agreement provides revenues for licence fees, engineering services and hardware over multiple years, similar to the profile of previous OEM licences
- Royalty Payments – the agreement also provides for royalty payments to Ceres on future commercial production and sale of SOEC equipment to end customers by the Partner
At the Partner’s request, further details are not expected to be disclosed until early August.
Phil Caldwell, Commenting on the new partnership, CEO of Ceres, said:
We are making great commercial progress this year, and I am particularly excited by the advances in our highly efficient and differentiated SOEC electrolyser technology, which is now being adopted by several leading global companies with the manufacturing, supply chain and balance sheet strength to bring this technology to market at scale.
This builds on Ceres’ strategy to establish partnerships in regions with strong manufacturing capability coupled with ambitious targets for the use of hydrogen for industrial decarbonisation. By licensing our best-in-class solid oxide technology, Ceres is establishing its clean energy technology as the industry standard and, through its partner network, is building towards delivering decarbonisation at the scale and pace needed globally for the energy transition.”
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Ceres signed a global long-term licence agreement for manufacture of proprietary solid oxide electrolyser cell technology with OEM headquartered in the Asia Pacific region. source
