Ceres Power Holdings PLC and Doosan Fuel Cell Announce Major Production Milestone

In a significant development for the clean energy sector, Ceres Power Holdings plc, a leading developer of fuel cell technology based in Horsham, United Kingdom, has announced a major milestone in its partnership with Doosan Fuel Cell. On July 28, 2025, Doosan Fuel Cell commenced mass production of fuel cell power systems utilizing Ceres’ advanced solid oxide technology. This marks a pivotal moment as Doosan becomes the first strategic licensing partner to enter mass production with Ceres’ technology.

The production is set to take place at Doosan Fuel Cell’s state-of-the-art facility in South Korea, boasting an impressive annual capacity of 50 megawatts. This facility is dedicated to manufacturing fuel cell stacks and power systems, which are initially targeted at the rapidly expanding markets in South Korea, particularly in sectors such as artificial intelligence, data centers, and commercial power supply.

This collaboration underscores a significant step forward in the global push towards sustainable energy solutions. Ceres Power Holdings, known for its innovative approach to generating and distributing energy to businesses, homes, and vehicles worldwide, continues to expand its influence in the electrical equipment industry. The partnership with Doosan not only highlights the commercial viability of Ceres’ technology but also positions both companies at the forefront of the burgeoning clean energy market.

Despite facing financial challenges, as indicated by a negative price-to-earnings ratio of -6.98 and a market capitalization of £198,070,000, Ceres Power Holdings remains focused on its mission to deliver cutting-edge fuel cell solutions. The recent developments with Doosan Fuel Cell are expected to bolster the company’s market presence and contribute to its long-term growth strategy.

As the world increasingly turns to renewable energy sources, the successful mass production of these fuel cell systems represents a promising advancement in meeting global energy demands sustainably. Ceres Power Holdings and Doosan Fuel Cell’s partnership is poised to play a crucial role in shaping the future of energy, driving innovation, and supporting the transition to a cleaner, more efficient energy landscape.