Ceres Power Holdings plc develops solid oxide fuel cell (SOFC) and electrolysis technology for clean power generation and hydrogen production. The company operates an asset-light licensing model, partnering with major engineering and technology firms to produce and sell Ceres-based products, generating royalty revenues. Its technology serves various end-markets, including commercial and industrial power, data centers, and hydrogen applications for green ammonia and steel production. Ceres operates globally, with significant activities in South Korea and partnerships in regions such as China and India.