Ceres Power Holdings plc, a leading developer of clean energy technology, has signed a manufacturing licence agreement for the production of Ceres’ proprietary solid oxide fuel cell (SOFC) technology with Weichai Power (Weichai), a global original equipment manufacturer (OEM) and power systems developer headquartered in Shandong, China.

Weichai intends to establish a manufacturing facility to produce cells and stacks for the stationary power markets supported by key components supplied from Ceres, targeting power for AI data centres, commercial buildings and industrial applications. SOFC systems will complement Weichai’s existing product portfolio for power generation, including gas engines and powertrains.  

Given the timing of the agreement, revenue recognition for the licence fees are likely to be booked in FY26 so 2025 Group revenues will remain as previously guided.