2nd Oct 2009 08:27
2 October 2009
CERAMIC FUEL CELLS LIMITED
LEADING AUSTRALIAN UTILITY TO INSTALL BLUEGEN GAS-TO-ELECTRICITY GENERATOR
Ceramic Fuel Cells Limited (AIM/ASX: CFU) - a leading developer of high efficiency and low emission power products for homes - announces today that a leading Australian energy utility has agreed to install a BlueGen gas-to-electricity generator in a showcase sustainability home.
BlueGen is the latest breakthrough in small scale electricity generation. About the size of a dishwasher, each BlueGen unit can produce up to 17,000 kilowatt hours of power a year - twice the electricity needed to power an average home. Surplus electricity can be sold back to the grid.
Each BlueGen can cut a home's carbon dioxide emissions by up to 12 tonnes a year compared to New South Wales' current black coal generators and by almost 18 tonnes a year compared to Victoria's brown coal generators.
Under the agreement with the utility Ceramic Fuel Cells will supply a BlueGen unit for a six month demonstration, beginning in February 2010. BlueGen will be connected to the existing natural gas pipeline and the power grid, and will generate low emission electricity for the house, as well as heat for the hot water system.
This is Ceramic Fuel Cells' first commercial agreement with an Australian energy utility. The Company is already deploying demonstration products with leading utility customers and appliance companies in Germany, France and the United Kingdom.
Ceramic Fuel Cells' technology has recorded the highest electrical efficiency ever achieved, worldwide, from any technology that converts hydrocarbon fuels into electricity. It uses 95% less water than brown coal-fired generators and when deployed in volume is forecast to generate electricity up to 40% cheaper than the current retail price.
ENDS
For further information please contact:
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Ceramic Fuel Cells |
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Andrew Neilson |
Tel: +61 3 9554 2300 |
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Email: [email protected] |
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Nomura Code Securities |
Tel: +44 (0) 207 776 1200 |
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Juliet Thompson / Chris Golden |
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Australia Media enquiries |
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Richard Allen, Oxygen Financial Public Relations |
Tel: +613 9915 6341 |
About Ceramic Fuel Cells Limited
Ceramic Fuel Cells Limited is a world leader in developing solid oxide 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 May 2009 the company launched its BlueGen gas-to-electricity product.
Headquartered in Melbourne, and with operations in the UK and Germany, 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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