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CFU Ceramic Fuel

0.22
0.00 (0.00%)
28 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ceramic Fuel LSE:CFU London Ordinary Share AU000000CFU6 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.22 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

EON UK orders three BlueGen units (3381Y)

21/12/2010 7:00am

UK Regulatory


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RNS Number : 3381Y

Ceramic Fuel Cells Limited

21 December 2010

EON UK orders three BlueGen units

22 December 2010

Ceramic Fuel Cells Limited, (AIM/ASX:CFU) a leading developer of high efficiency and low emission electricity generation units for homes and other buildings, has sold three BlueGen gas-to-electricity generators to one of the UK's leading energy companies, E.ON.

One BlueGen will be installed in early 2011 at the E.ON training centre in Tipton, where E.ON's Property Services department trains its staff in the installation and maintenance of gas and electrical appliances. The other two BlueGen units will be installed at demonstration sites.

BlueGen uses ceramic fuel cells to turn natural gas into electricity and heat for hot water. BlueGen units can generate electricity far more efficiently than the current power grid, providing significant cost savings to energy bills and large carbon savings.

Each BlueGen unit can produce three times the electricity needed to power an average UK home. The UK Government's feed-in tariff pays 10 pence for every kilowatt hour of electricity generated by small scale co-generation products, plus an additional 3 pence for every kilowatt hour of electricity sold back to the local power grid. BlueGen also produces enough heat to satisfy the average UK home's daily needs for hot water.

Ceramic Fuel Cells is continuing to make progress towards having BlueGen certified under the Microgeneration Certification Scheme in order to access the UK Government's feed in tariff. The Company is working towards achieving certification as soon as practicable, and will give a further update towards the end of January 2011.

In parallel with installing three BlueGen units, Ceramic Fuel Cells and E.ON are continuing to develop fully integrated power and heating products for the UK market. In this project, integrated units are installed with appliance company Gledhill and in a test house with EA Technology. Under a product development agreement signed in 2009, Ceramic Fuel Cells and E.ON have agreed the development stages to move into production of commercial units. The partners are currently discussing the project plan details for the next phase of product development and deployment.

For further information please contact:

 
Ceramic Fuel Cells 
Andrew Neilson                   Tel: +61 419 950 
                                  771 
                                 Email: investor@cfcl.com.au 
 
Nomura Code Securities (AIM      Tel: +44 (0) 207 
 Nomad)                           776 1200 
Juliet Thompson, Chris Golden 
 
UK Media enquiries               Tel: +44 7747 602 
                                  739 
Vicky Watkins, Ian Payne, 
 Hogarth Partnership 
 
Australia Media enquiries        Tel: +613 9915 
                                  6341 
Richard Allen, Oxygen Financial 
 Public Relations 
 
German Media enquiries           Tel: +49 172 850 
                                  49 75 
Matthias Baumgarten, PR Partner 
 GmbH 
 

About Ceramic Fuel Cells Limited:

Ceramic Fuel Cells Limited is a world leader in developing fuel cell technology to provide highly efficient and low-emission electricity from widely available natural gas. Ceramic Fuel Cells is developing fully integrated power and heating products with leading energy companies E.ON UK in the United Kingdom, GdF Suez in France and EWE in Germany. Earlier this month EWE placed a conditional order for up to 200 integrated micro CHP products Ceramic Fuel Cells' patented technology.

The company has also sold 55 BlueGen gas-to-electricity generators to major utilities and other foundation customers in Germany, the United Kingdom, Switzerland, The Netherlands, Japan, Australia and the USA.

Ceramic Fuel Cells is listed on the London Stock Exchange AIM market and the Australian Securities Exchange (code CFU).

www.cfcl.com.au

About E.ON:

E.ON is one of the UK's leading power and gas companies - generating and distributing electricity, and retailing power and gas - and is part of the E.ON group, one of the world's largest investor-owned power and gas companies. We employ more than 15,000 people in the UK and more than 88 000 worldwide.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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