Thermax Partners with Ceres Power for Green Hydrogen Production

Introduction

Thermax Limited, a leading player in the energy and environment sector, has announced a strategic partnership with Ceres Power Limited, a subsidiary of UK-based Ceres Power Holdings plc. This collaboration marks a significant step toward manufacturing and commercializing advanced Solid Oxide Electrolysis Cell (SOEC) technology in India, aiming to revolutionize green hydrogen production.

The Strategic Partnership

Under this agreement, Thermax has obtained a worldwide non-exclusive license to manufacture, sell, and service Stack Array Modules (SAM) based on Ceres’ SOEC technology. The partnership allows Thermax to develop and sell SAM balance of modules (SBM) and multi-megawatt SOEC electrolyser modules, making Thermax one of the few companies globally capable of offering large-scale SOEC systems for commercial applications.

A Leap Toward Green Hydrogen

This partnership positions Thermax at the forefront of the green hydrogen revolution. By leveraging Ceres’ advanced SOEC technology, Thermax aims to produce hydrogen up to 25% more efficiently than current low-temperature electrolysis technologies. The technology will utilize steam generated from industrial processes, making it a highly efficient solution for decarbonizing hard-to-abate industries such as steel, ammonia, and chemical production.

Manufacturing and Market Expansion Plans

Thermax plans to establish a dedicated manufacturing facility for these electrolysers, develop a robust supply chain, and localize critical components to ensure a seamless production process. This move will not only bolster Thermax’s position in the green hydrogen market but also contribute significantly to India’s goal of producing 5 million metric tonnes of green hydrogen by 2030.

Impact on Industrial Decarbonization

The collaboration aligns with Thermax’s vision to accelerate the energy transition in India and globally by offering cost-effective and sustainable hydrogen solutions. With its expertise in heat integration and waste heat recovery, Thermax is set to drive the decarbonization of industries that are difficult to abate, significantly impacting sectors like refineries, fertilizers, and steel production.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.