17th Mar 2010 07:00
17 March 2010
CERAMIC FUEL CELLS EXPANDS INTO SWITZERLAND
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 expanded its European operations, with the sale of a BlueGen power and heating unit to Swiss utility Cosvegas.
Cosvegas supplies natural gas to more than one hundred municipalities in Switzerland.
From mid 2010 Cosvegas will operate a BlueGen unit in Lausanne, Switzerland to evaluate the technology for further deployment in Switzerland.
The order from Cosvegas follows recent orders for BlueGen units from other major utilities in Germany and The Netherlands, including E.ON Ruhrgas, EWE, RheinEnergie, Alliander and Gasterra. Ceramic Fuel Cells has also made BlueGen sales to customers in Australia and Japan. Ceramic Fuel Cells is also operating fully integrated power and heating products with leading energy companies E.ON UK in the United Kingdom and GdF Suez in France.
About the size of a dishwasher, each BlueGen unit can produce twice the electricity needed to power an average home, with the surplus electricity sold back to the grid. BlueGen also produces heat, which makes enough hot water for an average home. BlueGen units can generate electricity more efficiently than the current European power grid, significantly reducing a home's carbon emissions and cutting energy bills.
Ceramic Fuel Cells has achieved electrical efficiency of 60 percent, far higher than any other technology in the rapidly expanding market for small scale power and heating generators. When heat is recovered from the electricity production process, total efficiency is up to 85 percent - twice as efficient as the average among current European power stations.
By generating power close to where it is used, Ceramic Fuel Cells' products can meet the future demand for electricity without the need for huge investments in electricity transmission and distribution infrastructure.
ENDS
For further information please contact:
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Ceramic Fuel Cells |
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Frank Obernitz |
Tel: +49 171 330 0721 |
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Andrew Neilson |
Tel: +61 419 950 771 |
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Email: [email protected] |
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Nomura Code Securities (AIM Nomad) |
Tel: +44 (0) 207 776 1200 |
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Juliet Thompson / Chris Golden |
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German Media enquiries Matthias Baumgarten, PR Partner
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Tel: +49 172 850 4975
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UK Media enquiries Sarah MacLeod, Hogarth Partnership
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Tel: +44 7747 602 739 |
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Australia Media enquiries Richard Allen, Oxygen Financial Public Relations
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Tel: +613 9915 6341
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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. The Company is developing micro combined heat and power and distributed generation units that generate electricity and heat for homes and other buildings. Ceramic Fuel Cells is developing products with leading appliance partners and utility customers in Germany, France, the United Kingdom and Japan. In 2009 the company launched its BlueGen gas-to-electricity product.
Ceramic Fuel Cells is headquartered in Melbourne, and has operations in the UK and Germany. In October 2009 the Company opened its fuel cell stack manufacturing plant in the Industriepark Oberbruch in the North Rhine-Westphalia region of Germany. The Company is listed on the London Stock Exchange AIM market and the Australian Securities Exchange (code CFU).
www.cfcl.com.au
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