The same electrochemical technology run in one direction can generate power highly efficiently when and where it is needed, while run in reverse can split water using renewable energy sources to generate green hydrogen.

Ceres pursues an asset-light, licensing model that has seen it establish partnerships with some of the world's largest engineering and technology companies, such Bosch, Doosan, Shell and Weichai. Its solid oxide platform technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia, and future fuels.

Ceres is listed on the London Stock Exchange and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy. It is valued at ~£500 million and is in turn investing in other university spinouts.

In 2021 Ceres Power announced a new partnership with RFC Power, an Imperial energy storage start-up. RFC Power will receive access to engineering and commercial expertise that will help scale up storage technology which could make it possible to power a stable electricity grid solely with renewables and without any fossil power to compensate for daily variations in wind and sun.

The company’s hydrogen manganese technology is designed to be cheaper to build and run than existing flow battery technologies, and could therefore help keep the cost of sustainable energy low. The deal has also enabled Ceres Power to add value to its technology portfolio and diversify into a complementary field.