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Bosch plans German mass production of Ceres-based fuel cell power units - S&P Global

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Highlights

200 MW manufacturing volume in 2024

Solid oxide fuel cells for distributed generation

Bosch sets up dedicated business division

London — Bosch is to start full-scale production of fuel cell-based distributed power stations in 2024, with initial annual production of 200 MW, the German appliance manufacturer said Dec. 7.

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The decision extends a partnership with UK solid oxide fuel cell developer Ceres Power following a prototype construction phase, it said.

An annual production capacity of 200 MW was "enough to supply around 400,000 households with electricity", Bosch said.

Stationary fuel cell power generation systems can run on natural gas or hydrogen, delivering efficiency in power-only mode of 60% close to the point of use, largely eliminating grid losses. If renewable hydrogen is used, there are no associated carbon emissions from the entire generation value chain.

Bosch said it would build the systems at manufacturing sites in Bamberg, Wernau and Homburg, as well as at engineering sites in Stuttgart-Feuerbach and Renningen, investing "hundreds of millions of euros by 2024".

It estimated the market for decentralized power generation systems would reach Eur20 billion ($24 billion) by 2030.

"We are pooling Bosch expertise from across several divisions," Bosch board member Christian Fischer said. "With stationary fuel-cell systems, Bosch is establishing a new business field in which development, manufacturing, sales, and service come from a single source."

Stake

Bosch, which has been working with Ceres Power since 2018, acquired a 17.6% stake in the company in January. Their alliance has been extended to include the phases leading up to full-scale production in 2024.

Ceres Power said the units would be used initially for decentralized power generation in cities, factories, data centers and electric vehicle charging infrastructure.

The value for Ceres of the extended partnership was put at GBP23 million to 2023, of which GBP6 million ($8 million) was conditional on meeting performance-based indicators.

"Ceres anticipates that initial production will satisfy demand for Bosch fuel cell systems, but in time could expand to meet the growing global demand for SteelCell based stacks in multiple third party systems," the UK company said.

On Oct. 19, Ceres announced an agreement with Doosan to build a 50-MW facility for the manufacture of fuel cell stacks in South Korea.

In China and Japan the company has licensing deals with Weichai and Miura, respectively.

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