TIDMCWR
Ceres Power Holdings plc
01 March 2018
CERES POWER UNVEILS LATEST STEELCELL(R)ADVANCES AT FUEL CELL
EXPO
Japan, 1(st) March 2018:
-- Ceres Power announces progress of its latest 5kW stack and V5
SteelCell(R) technology at Tokyo Fuel Cell Expo
-- New 5kW stack platform with increased power density, reduced
start-up times and vibration tolerance has potential to address
automotive applications
-- SteelCell(R)V5 test results also show significant
advancements in efficiency, and lower degradation
Ceres Power has today unveiled a new 5kW stack platform and the
latest advancements of its SteelCell(R) V5 at Fuel Cell Expo in
Japan - the world's most advanced market for fuel cells. Dr
Subhasish Mukerjee, Director of Fuel Cell Development, updated the
international fuel cell community on the significant progress that
the SteelCell(R) technology has made in terms of power density,
efficiency, degradation, start-up times and in vibration testing.
These technological updates consolidate the Company's position in
its target markets including Data Centres, Residential, Commercial
and Automotive.
Highlights of the latest V5 and 5kW stack platform developments
include;
- 5kW stack provides double the power/litre compared to the
existing 1kW stack; up to 500W per litre
- Modular nature of 5kW stack allows for significant scale up to
power applications from 5 to 100's kW generation
- SteelCell(R) V5 enables net system efficiencies of 60%, with
no combustion, offering approximately double the efficiency of
conventional combustion engine technology without harmful
emissions
- Demonstrated robustness with over 3600 thermal cycles without
failures or significant degradation (equivalent to c.10 years of
daily use)
- Fuel-flexible properties make SteelCell(R) the ideal
technology for running on the natural gas infrastructure we have
today, and is future-proofed as it can already operate on hydrogen,
bio-fuels and other sustainable fuels.
Greater scale, improving technology
With more than a doubling in power density - the amount of power
generated per unit volume -the 5kW configuration of the
SteelCell(R) has compelling economies of scale compared with Ceres
Power's 1kW platform. The fuel-flexible 5kW stack is now capable of
producing 500W per litre in a stationary power configuration.
Additionally, with the latest V5 SteelCell(R) technology, target
system efficiencies of 60% from fuel in to AC power out can be
achieved while steady state degradation rates are approximately
<0.2% for every thousand hours of operation, which is in-line
with the best in the world.
The unique properties of the SteelCell(R) enable start-up times
and robustness to vibration which make it commercially viable for
automotive applications such as range extenders for electric
vehicles, as well as opening up significant opportunities for
global OEMs that need to convert to combustion-free
technologies.
Growing markets and applications
In less than two years, five global OEMs have signed joint
development agreements to work with the SteelCell(R) including
Cummins, Honda and Nissan.
Driven by growing customer demand for increased power, the
larger cells and stack size Ceres Power has developed enable it to
significantly expand applications for its technology beyond
mainstream residential and commercial uses to emergent, high-growth
markets that require higher power.
Ceres Power is developing a modular 10kW power-only system for
Cummins and the US Department of Energy (DoE) which will work in a
number of environments, not least for power-hungry data centres
that are fundamental to the global growth of the cloud computing
industry.
As part of the EVRE (Electric Vehicle Range Extender) programme
with Nissan, the robustness of the SteelCell(R) is being further
developed. This opens up opportunities in the accelerating
e-mobility market beyond small to medium-size electric vehicles,
into areas such as commercial and public transport where the
fuel-flexible SteelCell(R) is well-positioned to capitalise on
changing infrastructure and public demand.
Mark Selby, Chief Technology Officer, said:
"This is an exciting time for Ceres Power and the fuel cell
market as a whole. As polluting combustion technologies are
displaced, cleaner electrochemical technologies that offer
flexibility and resilience, such as the SteelCell(R), are
increasingly in high demand.
We have been very pleased with the technological advancements
that we have made with the V5cell and are constantly striving to
make further improvements to address the demand we are seeing from
our commercial partners.
Phil Caldwell, CEO said:
"We have a world-class technology team at Ceres and these
advancements in the SteelCell(R) technology, allied to our work
with our OEM partners, further demonstrates that we are becoming a
global leader in the fuel cell market. We are establishing the
SteelCell(R) as a new class of fuel cell that is highly efficient,
fuel flexible and cost effective, which offers a real alternative
to replace conventional combustion engine and power generation
technology in an increasingly electric future"
<END>
For further information please contact:
Ceres Power Holdings
plc
Phil Caldwell, CEO
Dan Caesar, Communications
& Marketing Director +44 (0)1403 273 463
Powerscourt
Peter Ogden/Andy Jones +44 (0) 20 7250 1446
About SteelCell(R)
The world-leading, fuel flexible SteelCell(R) can generate power
from conventional fuels like natural gas and from sustainable fuels
like biogas, ethanol or hydrogen and it does so at very high
efficiency 24 hours a day, 365 days a year. Made from mass-market
and widely available materials, Ceres Power's technology is
inherently cost-effective, robust and scalable. Solid Oxide Fuel
Cells, like SteelCell(R), are an ideal technology to tackle air
pollution and climate change as they significantly lower carbon
emissions and pollutants, lower running costs, as well as offering
the flexibility and resilience to enable the transition to
renewable technologies and electric vehicles.
About Ceres Power
Ceres Power is a fuel cell technology and engineering company
whose aim is to bring cleaner and cheaper energy to businesses,
homes and vehicles. We are working with world-leading partners to
embed our SteelCell(R) technology in mass-market energy products
for multiple applications globally.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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