Image source: © 2025 Krish Capital Pty. Ltd.

Highlights:

  • CWR, Ceres Power confirms mass production launch by Doosan Fuel Cell using Ceres’ SOFC technology.
  • CWR-designed fuel cells to initially target South Korea’s distributed power and data centre markets.
  • CWR milestone marked as the first commercial production from its licensing partnership network.

Ceres Power Holdings plc (LSE: CWR), a UK-based clean energy technology firm, announced that its partner, Doosan Fuel Cell, has initiated mass production of fuel cell stacks using Ceres' proprietary solid oxide technology. This marks a significant operational milestone for Ceres, as it represents the first commercial manufacturing launch by one of its strategic licensees. The fuel cell stacks and systems are being produced at Doosan Fuel Cell’s newly completed facility in Jeollabuk-do, South Korea. The plant is equipped with the capacity to generate 50 megawatts of electrical power annually through the manufacture of solid oxide fuel cells (SOFCs) and associated power systems. Sales of the first systems from this facility are anticipated to begin before the end of 2025.

The production launch reflects the culmination of efforts that began with the facility’s construction in 2022. It is the world’s first commercial factory dedicated to manufacturing metal-supported solid oxide fuel cell technology developed by Ceres. The facility also serves as a key strategic step for Ceres in scaling up the adoption of its technology through a global licensing model. Doosan Fuel Cell’s initial focus will be on serving the South Korean market, which is currently among the most advanced globally for fuel cell adoption. The systems are primarily designed for distributed stationary power applications. These include data centres, where the rising energy demand from AI processing and digital services has driven the need for alternative high-efficiency power solutions.

Additional applications include grid stability services such as peak power generation, microgrid deployment, backup power for buildings, and marine auxiliary power systems. These use cases align with South Korea’s energy strategy and broader global trends in distributed generation and decarbonisation efforts. Doosoon Lee, CEO of Doosan Fuel Cell, noted the growing importance of fuel cells in managing evolving power demands: 

Ceres Power’s business model is centred on licensing its SOFC technology to partners with established manufacturing capabilities and local market access. The company’s proprietary design aims to deliver high efficiency and fuel flexibility, which it claims are well-suited to both power generation and hydrogen applications. Phil Caldwell, CEO of Ceres, commented that the start of mass production is a material step in the company’s long-term growth.

CWR trading at 16.06% higher at GBX 116.76 per share as on 28 July 2025.