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Stationary fuel cell: Bosch plans to start full-scale production in 2024

06.12.2020

Press release

Business/economy

Stationary fuel cell: Bosch plans to start full-scale production in 2024

Stuttgart, Germany / Horsham, United Kingdom – When it comes to stationary fuel cells, Bosch is stepping up a gear. In 2024, the supplier of technology and services intends to start full-scale production of distributed power stations based on solid oxide fuel-cell technology – hence the agreement to intensify its alliance with Ceres Power. Following a successful prototype construction phase, the two companies now want to press ahead, initially with the pre-commercialization process for stationary fuel cells. For SOFC systems, Bosch is aiming for an annual production capacity of some 200 megawatts. This is enough to meet the electricity needs of around 400,000 four-person households in urban quarters. Bosch is planning to produce the stationary fuel-cell systems at its manufacturing sites in Bamberg, Wernau, and Homburg, as well as its development sites in Stuttgart-Feuerbach and Renningen – and will invest hundreds of millions of euros by 2024. This means Bosch is positioning itself clearly as a systems supplier for stationary fuel cells with its own value creation in the cell and stack segment. 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 centers , and electric vehicle charging infrastructure. Bosch estimates that the market for decentralized power generation will reach a volume of 20 billion euros by 2030. A total of more than 250 Bosch associates are now working in this promising new field – 150 more than a year ago. “We see the highly efficient solid oxide fuel cell as an essential element of a sustainable energy supply. To bring it about, we are pooling Bosch expertise from across several divisions,” says Dr. Christian Fischer, the Bosch board of management member responsible for the Energy and Building Technology business sector. “With stationary fuel-cell systems, Bosch is establishing a new business field in which development, manufacturing, sales, and service come from a single source,” Fischer continued. “Together with our partner Ceres Power, we are now taking the next important step toward full-scale production.” We see the highly efficient solid oxide fuel cell as an essential element of a sustainable energy supply. To bring it about, we are pooling Bosch expertise from across several divisions...Dr. Christian Fischer, Bosch board of management member Energy and Building Technology Bosch intensifies alliance with Ceres Power Since August 2018, Bosch and Ceres Power have been successfully collaborating in the field of fuel cell and fuel-cell stack development. As early as fall 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 U.K. company. The alliance has now been extended to include the phases leading up to full-scale production in 2024. The agreements specify how Bosch will further use its alliance partner Ceres Power’s technology. “We are proud to have reached this milestone in collaboration with our important partner Bosch. Combining innovative Ceres technology with Bosch’s manufacturing expertise made it possible to create pioneering stationary fuel-cell systems that will help overcome the global challenges of the energy transition,” says Phil Caldwell, CEO of Ceres Power. “We’re looking forward to continuing our close collaboration with Bosch.” SOFC systems are already hydrogen-compatible Ceres Power is a leading player in the development of innovative solid oxide fuel cells and stacks. Bosch holds an extensive technology license from Ceres Power and has been manufacturing fuel cells and stacks in-house since 2019. Pilot plants based on solid oxide fuel cells are already being successfully tested at various Bosch locations. The SOFC systems can already be operated with eco-friendly biogas or natural gas – and are already hydrogen-compatible for the energy system of the future. For cities and conurbations with high energy requirements, SOFC systems can ensure sustainable power supplies – with zero emissions of nitrogen oxides, particulates, and CO2. With an overall efficiency of more than 85 percent , the solid oxide fuel cell is clearly superior to any other energy converter. As Dr. Wilfried Kölscheid, who is responsible for stationary fuel cells at Bosch, explains: “Depending on energy supply requirements, in the future any number of plants with the same output can be interconnected. This interconnection creates virtual power plants that work together to supply power as and where it is required.”

Bosch to strengthen strategic collaboration with fuel-cell expert Ceres Power by ...

22.01.2020

Press release

Business/economy

Bosch to strengthen strategic collaboration with fuel-cell expert Ceres Power by ...

Stuttgart, Germany, and Horsham, U.K. – Bosch has today, January 22, 2020, increased its stake in Ceres Power from 3.9 percent to circa 18 percent. The stake increase is achieved through a subscription by Bosch for new Ceres Power shares, as well as the purchase of further shares from existing shareholders. Bosch’s total investment will be approximately 90 million euros. To enhance the strategic investment and the strength of the partnership, under the terms of the transaction, Bosch is granted the right to appoint a Non-Executive Director to the board of Ceres Power.Since signing a strategic agreement in August 2018, Bosch and Ceres have been successfully collaborating in the development of fuel-cell stacks for stationary applications. This enabled Bosch to start initial low-volume production of pilot fuel-cell systems in autumn 2019 in Germany. It is intended that the increased stake will further support the collaboration towards future potential scale up and mass manufacture of the Ceres SteelCell® for multiple applications including small power stations to be used in cities, factories, data centers and charge points for electric vehicles. Bosch strongly believes that the highly efficient solid oxide fuel cell (SOFC) has an important role to play in energy systems’ security of supply and flexibility...Dr. Christian Fischer, member of the Bosch management board “Bosch strongly believes that the highly efficient solid oxide fuel cell (SOFC) has an important role to play in energy systems’ security of supply and flexibility,” says Dr. Christian Fischer, member of the Bosch management board responsible for the Energy and Building Technology business sector. “Bosch, together with our development partner Ceres Power, has made good progress in the development of fuel-cell stacks for stationary power applications. With this enlarged investment in Ceres Power, we intend to further strengthen our successful collaboration with our development partner Ceres Power.” “We welcome this further investment by Bosch which will support the continued evolution of our technology as we look to play an increasingly prominent role in tackling climate change and building a sustainable energy system for the future. We have established a successful partnership with Bosch by combining Ceres’ unique SteelCell® technology with Bosch’s engineering, manufacturing, and supply chain strength. This new investment will allow us to build on the strong momentum we have generated in recent years to further scale the business and expand into new applications,” says Phil Caldwell, the CEO of Ceres Power. Ceres Power is a leading player in the development of next-generation SOFC technology. Its strategy is to commercialize its technology through licensing for mass production with partners, and to use this technology for grid-based and distributed power generation. The Board of Directors of Ceres Power believes there is significant future value for shareholders in broadening the application of Ceres Power’s technology, further strengthening its relationship with Bosch. Both parties believe that this transaction demonstrates the commitment to the partnership.