FuelCell – Ceres Energy Holdings PLC companions with powertrain specialist AVL Checklist to turbocharge gas cell adoption
Ceres expects the partnership considerably to increase the variety of merchandise integrating its expertise
() mentioned it has signed a collaboration settlement with Austrian powertrain specialist AVL Checklist that may see the 2 corporations work collectively on licensing strong oxide gas cells expertise.
AVL has 20 years of gas cell engineering expertise, mentioned Ceres, and is the world’s largest unbiased firm for the event, simulation and testing of all forms of automobile powertrain programs.
AVL’s power in engineering consulting will allow Ceres considerably to increase the variety of merchandise integrating its expertise, it believes, with a primary settlement already signed with an unnamed buyer.
Each corporations can nonetheless market their respective applied sciences independently, however the settlement additionally permits for joint licensing with royalties shared between the 2 companions.
Entry to AVL’s enterprise improvement sources will considerably increase Ceres’ international attain and provides entry to prospects that may profit from differentiated expertise, mentioned the AIM-listed firm.
It’s anticipated that system prospects from this relationship with AVL will drive demand from Ceres’ stack manufacturing companions, presently Bosch and Doosan, which in flip will generate stack royalty funds for Ceres.
Phil Caldwell, Ceres chief govt, mentioned: “The potential for Ceres’ expertise to play a task within the decarbonisation of the worldwide vitality system is substantial, and this collaboration with AVL is a major step in our technique to speed up its adoption in an expanded variety of purposes and markets.
“As a licensing enterprise, our capacity to scale is determined by efficiently embedding our expertise with a better variety of prospects and AVL’s international footprint, engineering scale and track-record within the gas cell market, makes them a really perfect accomplice for Ceres.”