According to Reuters, Robert Bosch Limited will spend about 7.7 million pounds (about 68 million yuan) to acquire a 4% stake in Ceres Power in the United Kingdom, and work with the latter to develop a new generation of solid oxide fuel cells. Such batteries are expected to provide more efficient energy for electric vehicle charging stations.
Ceres Power is a British fuel cell technology and engineering company. The company's flexible fuel technology called "SteelCell®" is currently at the world's leading level.
Bosch board member Stefan Hartung stated in a statement that "Bosch believes that energy-efficient and low-emission fuel cells will play an important role in the security and flexibility of energy system supply." Bosch also believes that small solid oxide fuel cells can be used to meet Increasing demand for electricity in urban areas, which cannot be achieved with large power stations alone. Bosch plans to develop a solid oxide fuel cell capable of generating 10 kilowatts of electricity.