Ceres Power Holdings plc and Denso Corporation have entered into a long-term license agreement for the manufacture of Ceres’ solid oxide electrolyser cells for hydrogen applications. This partnership, building on Ceres' strategy to collaborate with high-volume manufacturing partners in regions with strong energy transition momentum, aims to advance technology for the growing green hydrogen sector. The agreement includes significant revenues for Ceres over multiple years, with royalty payments on future commercial production by Denso. Denso, a Fortune 500 company headquartered in Japan, will utilize its expertise in system control and thermal management to develop hydrogen production technology in partnership with Ceres. This collaboration aligns with Japan’s plans to invest in hydrogen technologies, focusing on hard-to-abate sectors like steel and synthetic fuel production. By licensing its technology to industrial partners like Denso, Ceres aims to drive decarbonization efforts at scale and pace. The partnership highlights the importance of innovative collaborations in the renewable energy sector and signifies a step towards a more sustainable future.