Joint Venture12 Sept 2024, 07:58 pm
Thermax Limited Signs Collaboration and License Agreement with Ceres Power Limited for Green Hydrogen Solutions
AI Summary
Thermax Limited has entered into a Collaboration and License Agreement with Ceres Power Limited, a subsidiary of UK based, Ceres Power Holdings plc. This agreement will enable Thermax to manufacture and provide green hydrogen solutions for industrial customers through electrolyser manufacturing & system solutions. The agreement is a worldwide non-exclusive license for Thermax to manufacture, sell, and service stack array modules (SAM), SAM balance of modules (SBM), and multi-megawatt SOEC electrolyser modules based on Ceres advanced solid oxide electrolysis cell (SOEC) technology.
Key Highlights
- Thermax Limited has signed a Collaboration and License Agreement with Ceres Power Limited for green hydrogen solutions.
- The agreement will facilitate Thermax to enter into electrolyser manufacturing & system solutions.
- Thermax will manufacture, sell, and service stack array modules, SAM balance of modules, and multi-megawatt SOEC electrolyser modules based on Ceres advanced SOEC technology.
- This is a worldwide non-exclusive license for Thermax for the specified business operations.
- The agreement is not a related party transaction and does not involve any interest from promoters, promoter group, or group companies.