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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 |
TIDMCFU
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
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