Thermax has partnered with Ceres to develop a pressurized SAM and design a SAM balance of module for a multi-MW SOEC electrolyzer module.
The two companies have entered a non-exclusive, global license agreement.
As part of the collaboration, Thermax will manufacture, sell and service stack array modules (SAM) based on Ceres’ advanced solid oxide electrolysis (SOEC) technology.
The partnership marks a significant step towards accelerating the deployment of SOEC technology in India and worldwide that will enable cost-effective green hydrogen production.
Green hydrogen push:
Thermax will leverage its expertise in waste heat recovery and heat integration to create a pressurized SAM. It will also design, engineer, and create a SAM balance of module (SBM), a component that will be used to develop a multi-MW SOEC electrolyser module in the future.
The collaboration aims to revolutionize hydrogen production by delivering systems 25% more efficient than low-temperature electrolysis technologies and effectively utilizing industrial process heat/waste recovery steam. This makes it an ideal solution for decarbonizing industries like ammonia/fertilizer, steel, refineries, and chemical production.
As a step towards commercialization, Thermax has plans to establish a manufacturing facility for the electrolysers, develop the supply chain, and localize critical components, the company said in a press release.
CEO speak:
Ashish Bhandari, Managing Director & CEO, Thermax, said, “In India, significant strides are being made towards embracing renewable energy sources, particularly green hydrogen, as the country targets to produce 5 million metric tonnes of green hydrogen by 2030. By leveraging our expertise in thermal management, we aim to offer a highly efficient and cost-effective hydrogen production solution that will accelerate the energy transition in India and globally.”
Phil Caldwell, CEO, Ceres, said, “… This latest system licence agreement will take Ceres into the Indian market which is rapidly becoming one of the most dynamic and increasingly important markets for green hydrogen, green steel and green ammonia.
This is a strategically important agreement for Ceres as we continue to build our global eco-system of world-class partners. Our technology enables Thermax to develop next-generation hydrogen solutions for its customers in the hard-to-abate industrial sectors, stimulating market demand pull for our manufacturing licensees. Our entry into this new region marks an exciting opportunity for Ceres as we help enable the path to industrial decarbonization in this rapidly developing market.”