Ceres Power Shares Skyrocket After Delta Electronics Secures Hydrogen Licence
Ceres Power, a leading UK-based clean technology company, experienced a dramatic surge in its share price—rising by nearly 50%—following the announcement of a hydrogen licensing agreement with Delta Electronics, based in Taiwan. This significant partnership is expected to generate around £43 million in revenue through technology transfer, engineering services, and licence fees.
At the London market opening, shares in Ceres Power soared by approximately 48.5%, marking the company’s most significant one-day jump in over a decade.
What the Deal Entails
The agreement gives Delta Electronics access to Ceres’ advanced solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOEC) technologies. The revenue package includes development fees, technology licensing income, and long-term royalties tied to the commercial rollout of products based on Ceres’ patented systems.
As part of the agreement, Delta plans to establish a dedicated production facility at its Tainan plant in Taiwan. Manufacturing is scheduled to begin by the end of 2026, positioning both companies to scale in the growing hydrogen economy.
A Strategic Alliance
The collaboration brings together Ceres’ hydrogen innovation and Delta’s world-class expertise in power electronics and thermal systems. The partnership is expected to accelerate the production of next-generation SOFC and SOEC systems, which will play a crucial role in clean energy solutions for industries such as steel manufacturing, transportation, data centres, and large-scale infrastructure.
Investor Confidence Soars
Industry analysts have welcomed the move, with many maintaining strong ratings for Ceres Power amid renewed optimism in the hydrogen sector. With a market value nearing £300 million at the time of the deal, this development reinforces the company's trajectory as a key player in the global energy transition.