Shell and Ceres Power Collaborate for Green Energy Innovation
Key Ideas
  • Shell and Ceres Power partner to develop a solid oxide electrolyser module for industrial applications, enhancing efficiency and sustainable fuel production.
  • The collaboration aims to design a pressurized module scalable to hundreds of megawatts and integrate with industrial plants for green hydrogen and synthetic fuel production.
  • Efforts focus on achieving a module-level efficiency target aligned with EU SOE 2030 technology targets, emphasizing the importance of advancing SOEC technology for green energy needs.
  • Apart from Shell's collaboration with Ceres Power, the article also presents key picks in the energy sector, highlighting stocks like Archrock, SM Energy, and Hess Midstream Partners.
Shell plc, a British oil and gas major, has partnered with Ceres Power Holdings plc to develop a solid oxide electrolyser (SOEC) module for large-scale industrial applications, including synthetic fuels and green steel. This collaboration marks the second phase of their partnership, following the successful deployment of a 1 MW SOEC system in Bangalore, India. The new contract focuses on designing a pressurized module to enhance efficiency and scalability, aiming to integrate with industrial plants for sustainable fuel production. The project targets a module-level efficiency of less than 36 kWh per kilogram of hydrogen, in line with EU SOE 2030 technology targets. The collaboration underscores the importance of advancing SOEC technology to meet the growing demand for green hydrogen and synthetic fuels. The article also highlights stocks in the energy sector, recommending companies like Archrock, SM Energy, and Hess Midstream Partners. Archrock specializes in natural gas compression services, while SM Energy operates in the Midland Basin and South Texas regions with a positive production outlook. Hess Midstream owns and operates midstream assets, securing stable revenues through long-term contracts. Overall, the industry reflects a positive sentiment towards green energy innovation and sustainable fuel production.
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