- 5th major OEM Joint Development Agreement delivers major strategic milestone for Ceres Power
- Adds to partnerships with Nissan, Honda, Cummins and a further major global OEM announced in the last 2 years
- Maintains the development momentum of Ceres Power and highlights increasing global backing for the SteelCell® technology
Ceres Power (AIM: CWR), developer of the SteelCell®, a world-leading, low cost Solid Oxide Fuel Cell technology, is pleased to announce it has signed a new Joint Development Agreement (JDA) with a significant European-based global OEM. Ceres and the new partner will work together to develop prototype multi-kilowatt power systems for several potential applications.
This strategic relationship, the fifth agreement Ceres has signed in less than two years, is the first step in considering a potential collaboration which could include joint system development, Solid Oxide Fuel Cell stack development and manufacturing.
In addition to this latest partner, a European-based global OEM, Ceres Power also has strategic JDA partnerships with Honda, Nissan, Cummins and a further global OEM. Ceres is working with these world-class companies to embed the SteelCell® technology into power systems for the Residential, Business, Data Centre and Electric Vehicle markets.