Ceres Power Holdings plc and Denso Corporation have solidified their collaboration through a long-term licence agreement focused on manufacturing Ceres' solid oxide electrolyser cells for hydrogen applications. This agreement, building on a previous announcement in July 2024, highlights the commitment of both companies to propel the growth of green hydrogen sectors. Denso, a Fortune 500 company headquartered in Kariya, Japan, with global operations, is poised to utilize its expertise in system control and thermal management to drive advancements in hydrogen production technology. The agreement is structured to provide substantial revenues for Ceres over several years, encompassing various components such as licence fees, engineering services, hardware, and future royalty payments. The partnership aligns with Japan's substantial investment plans in hydrogen, emphasizing the importance of decarbonisation in sectors like steel, ammonia, and synthetic fuel production. By licensing this cutting-edge technology, Ceres and Denso aim to facilitate decarbonisation on a large scale, underscoring the significance of collaboration with key industrial players in accelerating the hydrogen transition.