26th Aug 2010 07:00
26 August 2010
VICTORIAN GOVERNMENT CONFIRMS ORDER FOR THIRTY BLUEGEN UNITS
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 successfully met the pre-conditions for the previously announced order for 30 BlueGen gas-to-electricity generators from the Victorian Government's Office of Housing.
On 30 April 2010 Ceramic Fuel Cells announced that it had received a conditional order for 30 BlueGen units from the Victorian Government's Office of Housing. The order was conditional on the Government finalising funding for the project, and on the Office of Housing and Ceramic Fuel Cells jointly agreeing a model for the delivery of future BlueGen maintenance services.
Ceramic Fuel Cells is pleased to confirm that both conditions have been met and the order is now unconditional.
The Office of Housing will install the BlueGen units in public housing properties in metropolitan Melbourne and regional Victoria. The project will demonstrate the operation of the units and the benefits to tenants, via the generation of low emission power and hot water for the home.
Ceramic Fuel Cells is working with the Office of Housing to select the sites where the BlueGen units will be installed. The BlueGen units are scheduled to be installed from late 2010 to early 2011, for an initial two-year project period.
BlueGen uses fuel cell technology to convert natural gas into electricity. Over a year, each BlueGen can produce twice the electricity needed to power an average Victorian home - the excess power can be exported to the power grid. BlueGen also produces enough heat to meet the average home's daily needs for hot water.
Ceramic Fuel Cells has achieved electrical efficiency of 60 percent, far higher than any other technology in the rapidly expanding global market for small scale power and heating generators. When heat is recovered from the electricity production process, total efficiency is up to 85 percent - more than twice as efficient as the average among current Australian power stations. This very high efficiency delivers significant carbon savings.
ENDS
For further information please contact:
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Ceramic Fuel Cells |
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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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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. 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. The company has sold BlueGen units 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
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