Question 1

What contract value did Doosan Fuel Cell secure to supply SOFC stacks or components to Reverion GmbH?

Accepted Answer

Doosan Fuel Cell secured a contract worth about 108.7 billion KRW (about £60 million) to supply SOFC stacks/components to Reverion GmbH.

Question 2

Which company does Ceres Power earn licence fees and royalties from?

Accepted Answer

Ceres Power Holdings earns licence fees and royalties tied to sales by partners such as Doosan, since Ceres Power does not manufacture products itself.

Question 3

What technology license does Doosan Fuel Cell use to manufacture SOFC stacks?

Accepted Answer

Doosan Fuel Cell manufactures SOFC stacks using technology licensed from Ceres Power, a Horsham, UK-based licensor.

Question 4

Where are deliveries for Doosan Fuel Cell’s SOFC stack order intended to go?

Accepted Answer

Deliveries for Doosan Fuel Cell’s SOFC stack order are intended for power facilities in Germany and elsewhere in Europe.

Question 5

Where will Doosan Fuel Cell supply SOFC components under its Reverion GmbH contract?

Accepted Answer

Doosan Fuel Cell will supply SOFC stacks/components for power facilities in Germany and other parts of Europe under its contract with Reverion GmbH.

Question 6

What manufacturing technology license does Doosan Fuel Cell’s asset base include?

Accepted Answer

Doosan Fuel Cell’s asset base includes licensed solid oxide fuel cell (SOFC) stack manufacturing tied to technology supplied by Ceres Power.

Timeline

Doosan Fuel Cell

Doosan wins overseas fuel cell export order using Ceres tech

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