India’s Thermax today announced that it has signed a license agreement with Ceres Power Ltd, an arm of Ceres Power Holdings which is a leading developer of solid oxide electrolysis cell (SOEC) stack technology. Under the agreement, Thermax will manufacture, sell and service stack array modules (SAMs) based on Ceres’ advanced SOEC technology for hydrogen production through electrolysis. Thermax will also develop, commercialise and sell SAM balance of modules (SBM) and multimegawatt SOEC electrolyser modules.
Thermax will leverage its extensive experience in heat integration and waste heat recovery to manufacture a first-of-its-kind pressurised SAM and design, engineer, and develop SAM balance of module (SBM), a building block for further development of a multi-MW SOEC electrolyser module.
“The collaboration is set to revolutionise the hydrogen production ln landscape by delivering systems that are up to 25% more efficient than incumbent low-temperature electrolysis technologies and effectively utilise steam generated from industrial process heat/waste heat recovery. This makes it an optimal solution for decarbonising hard-to-abate industries such as ammonia/fertiliser, steel, refineries and chemical production,” stated a joint release by Thermax and Ceres.
As a step towards commercialisation, Thermax plans to establish a manufacturing facility for the electrolysers, develop the supply chain, and localise critical components. This collaboration positions Thermax among the few companies globally to provide large-scale SOEC systems for commercial applications.
Ashish Bhandari, managing director & CEO, Thermax, said, “In India, significant strides are being made towards embracing renewable energy sources, particularly green hydrogen, as the country targets to produce 5 million metric tonnes of green hydrogen by 2030. We are excited to partner with Ceres to bring advanced solid oxide electrolysis (SOEC) technology to India. By leveraging our expertise in thermal management, we aim to offer a highly efficient and cost-effective hydrogen production solution that will accelerate the energy transition in India and globally.”
The collaboration will support decarbonising hard-to-abate industries such as ammonia, steel, refineries, and chemicals.
Phil Caldwell, CEO of Ceres, added, “Our technology enables Thermax to develop next-generation hydrogen solutions for its customers in the hard-to-abate industrial sectors, stimulating market demand pull for our manufacturing licensees. Our entry into this new region marks an exciting opportunity for Ceres as we help enable the path to industrial decarbonisation in this rapidly developing market.”
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