Bosch holds a technology license from Ceres Power and has been manufacturing fuel cells and stacks in-house since 2019. This is enough to supply around 400,000 households with electricity. The company generated sales of 77.7 billion euros in 2019. Bosch is planning to produce the stationary fuel-cell systems at its manufacturing sites in Bamberg, Wernau, and Homburg, as well as at its development sites in Stuttgart -Feuerbach and Renningen – and will invest hundreds of millions of euros by 2024. Ceres Power is a leading player in the development of next-generation SOFC technology. As early as autumn 2019, Bosch was able to start prototype production of its first fuel-cell systems in Germany; in January 2020, it acquired a stake of around 18 percent in the UK company. The alliance has now been extended to include the phases leading up to full-scale production in 2024. The Ceres Power unique patented SteelCell® technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use. In this way, discrete areas can be created that are largely independent of centralized power supplies. Bosch holds an extensive technology license from Ceres Power and has been manufacturing fuel cells and stacks in-house since 2019. Bosch also plans to take a 4 percent equity stake in Ceres Power. At 125 locations across the globe, Bosch employs some 64,500 associates in research and development. When typing in this field, a list of search results will appear and be automatically updated as you type. For further information, please contact Powerscourt at ceres@powerscourt-group.com, Flexible power supply for cities and industry. One intended application of SOFC technology is in small, distributed, connectivity-enabled power stations, which can then be used in cities, factories, trade and commerce, data centres, and electric vehicle charging infrastructure. We’ve changed the way we do business. Bosch and Ceres Power strengthen partnership to prepare for full-scale production. Find out how to do stuff: The New MVC “CHEAT SHEET” Find out what locations are closed: Location Closures and Updates Find out how to fix a suspension problem: Suspensions [pdf] Find out how to fix another kind of problem: Help, Something Went Wrong! Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch has increased its stake in solid-oxide fuel-cell (SOFC) developer Ceres Power from 3.9% to around 18%. Now investing in higher power applications and further development in electrolysis on the back of the £49 million gross equity proceeds from the Bosch and Weichai subscriptions; Commissioning of the new Redhill manufacturing site began in January. Together they are … Ceres Power and Bosch will work on making SOFC technology available for various applications, including small power stations for decentralised urban power supplies in cities and industrial areas. These agreements provide very significant staged revenues to Ceres through technology transfer and licensing and longer-term royalties on 5kW SteelCell® stacks, as well as initial engineering services. Because these standardized plants are highly flexible, they will be able to cover peak demand better, as well as faster, than conventional plants. Ceres Power is a leading player in the development of innovative solid oxide fuel cells and stacks. Its strategy is to commercialize its technology through mass production with partners, and to use this technology for grid-based and distributed power generation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. Ceres Power is a leading player in the development of innovative solid oxide fuel cells and stacks. Today the parties signed a Collaboration and Licence Agreement which includes joint development agreements. These cookies enable our website to provide enhanced functionality and personalisation. Www.Bosch-Press.Com, www.twitter.com/BoschPresse, standardised plants will be able to save your preferences 2019. Then some or all of these services may not function properly not function properly 's global,! 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