This move is part of the company's strategy to enhance its electrification capabilities and meet the growing demand for automotive inverters, which are essential for electrified vehicles.

The company showcased several of its technologies aimed at supporting the automotive industry’s transition to sustainable mobility, which focused on solutions that contribute to zero-emission vehicle technologies, including innovations in electrification and advanced driver-assistance systems (ADAS).

The companies will jointly develop advanced hydrogen generation technology utilising Solid Oxide Electrolysis Cells (SOEC) combined with waste heat recovery. The collaboration aims to enhance the efficiency of hydrogen production by leveraging SOEC technology, which operates at high temperatures and uses less energy compared to traditional electrolysis methods.

This deal will create significant revenues for Ceres through licensing fees, royalty payments, engineering services and hardware over multiple years. The majority of the revenue generated will come through royalty payments on any hydrogen delivered to the end customers.

The investment will target Coherent’s silicon carbide unit, which will be separated into an independent subsidiary named Silicon Carbide LLC. This investment gives Denso a 12.5% non-controlling equity stake in Silicon Carbide LLC and most importantly secures access to and supply of SiC wafers for its electric components.

A driving test carried out with a Battery-Electric Vehicle (BEV) using SiC inverters showed the efficiency gain that can be expected. The test showed that the power loss was reduced by more than half compared to a vehicle with inverters using conventional silicon technology.

This will require the integration of wireless technology into new commercial vehicles released in the market in the future as well as the collaboration to shape the standardisation of wireless EV charging.

Green hydrogen will be produced using Proton Exchange Membrane (PEM) electrolyser system equipment developed by Toyota and used at the Denso plant in Fukushima.

The aim of this network is to share data regarding EV batteries in line with new European regulation disclosing battery CO2 emissions and the resource recycling rate throughout battery lifecycles to comply with the necessary legislation, so that Japanese manufacturers can sell EVs and HEVs into European markets.

Joint Venture CJPT and components giant Denso Corporation have announced they are to work jointly to develop hydrogen-powered combustion engines for heavy-duty commercial vehicles.