Thermax Partners with Ceres Power for Green Hydrogen Tech Advancement

Thermax Ltd has announced a strategic collaboration with Ceres Power Limited, a subsidiary of Ceres Power Holdings plc (CWR.L), a leading clean energy technology developer. 

The two companies have entered into a non-exclusive, global license agreement allowing Thermax to manufacture, sell, and service stack array modules (SAM) based on Ceres’ advanced solid oxide electrolysis cell (SOEC) technology. In addition, Thermax will develop, commercialise, and market SAM balance of modules (SBM) and multi-megawatt SOEC electrolyser modules. 

This partnership aims to accelerate the deployment of SOEC technology in India and globally, enabling cost-effective green hydrogen production. Thermax will use its expertise in heat integration and waste heat recovery to produce a first-of-its-kind pressurised SAM and design SBM, a core component for developing multi-MW SOEC electrolyser modules.

The collaboration is poised to transform hydrogen production, delivering systems up to 25% more efficient than traditional low-temperature electrolysis technologies. These systems also make efficient use of steam from industrial process heat and waste heat recovery, offering an optimal decarbonization solution for hard-to-abate sectors such as ammonia, steel, refineries, and chemical production.

As part of its commercialisation plan, Thermax will establish a manufacturing facility for the electrolysers, develop the supply chain, and localise key components, positioning itself as a global leader in large-scale SOEC systems.

Commenting on this collaboration, the Managing Director and CEO of Thermax Ltd, Ashish Bhandari, 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. This collaboration aligns with our commitment to driving sustainable solutions for accelerating decarbonisation for hard-to-abate industries.”

Phil Caldwell, CEO of Ceres, stated, “I am pleased to announce our SOEC systems partnership with Thermax, an engineering leader with expertise in heat integration and waste heat recovery processes and deep industrial customer relationships. This system licence agreement will take Ceres into the Indian market, which is rapidly becoming one of the most dynamic and increasingly important markets for green hydrogen, green steel and green ammonia.” 

He further added, “This is a strategically important agreement for Ceres as we continue to build our global eco-system of world-class partners. 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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