Thermax has collaborated with Ceres Power Holdings plc to advance green hydrogen production. The companies have a non-exclusive, global license agreement allowing Thermax to manufacture and sell solid oxide electrolysis (SOEC) modules. This partnership aims to enhance the hydrogen production landscape in India and beyond.
Enhanced Efficiency and Integration
Thermax will use its experience in heat integration and waste heat recovery to manufacture pressurized stack array modules (SAM) and develop SAM balance of modules (SBM). The goal is to create multi-megawatt SOEC electrolyzer modules. These systems are up to 25% more efficient than current low-temperature electrolysis technologies and use industrial process heat.
Focus on Hard-to-Abate Industries
The collaboration aims to decarbonize industries such as ammonia/fertilizer, steel, refineries, and chemical production. Thermax plans to set up a manufacturing facility for electrolyzers, develop a supply chain, and localize critical components to make commercialization feasible.
Strategic Importance
Ashish Bhandari, Managing Director & CEO of Thermax, expressed enthusiasm about the partnership. The collaboration supports India’s goal to produce 5 million metric tonnes of green hydrogen by 2030. By using advanced SOEC technology, the partnership seeks to provide efficient, cost-effective hydrogen production solutions and drive the energy transition globally.
Phil Caldwell, CEO of Ceres, highlighted the importance of this agreement for both companies. It opens Ceres’s Indian market and enhances the development of hydrogen solutions in hard-to-abate industrial sectors.
