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Germany Introduces Capital Subsidy formCHP Product

Date : 04/03/2012 @ 2:00AM
Source : UK Regulatory (RNS & others)
Stock : Ceramic Fuel (CFU)
Quote : 0.405  0.0 (0.00%) @ 2:56AM
Ceramic Fuel Cells share price Chart

Germany Introduces Capital Subsidy formCHP Product

TIDMCFU

RNS Number : 6744A

Ceramic Fuel Cells Limited

03 April 2012

Tuesday 3 April 2012

Germany Introduces Capital Subsidy for mCHP Products

Ceramic Fuel Cells Limited (AIM / ASX: CFU) - a leading developer of high efficiency and low emission electricity generation products for homes and other buildings - is pleased to announce that the German Federal Government has introduced a capital subsidy for micro power and heating (mCHP) products, including Ceramic Fuel Cells' products.

From 1 April 2012, subsidies are available for eligible mCHP products which generate up to 20 kilowatts of electricity and meet demanding performance requirements, including a total efficiency of at least 85 percent.

Ceramic Fuel Cells' BlueGen and integrated mCHP products will receive a subsidy of 1,800 Euros per unit.

The subsidy is available to the end customer who installs the mCHP product. The subsidy program is administered by the Federal Office of Economics and Export Control (BAFA), which is part of the Federal Ministry of Economics and Technology (BMWi).

This program is in addition to the existing German CHP Law, which requires that 25 percent of Germany's electricity generation comes from combined heat and power (small and large scale) by 2020.

Ceramic Fuel Cells' Managing Director Brendan Dow said:

"We welcome this policy to help the deployment of mCHP products. While the subsidy amount is modest, Germany continues to be a leading market for our clean energy products. We are actively discussing additional market introduction programs with State and Federal Governments in Germany. We look forward to these ongoing consultations to help achieve Germany's goal of a significant increase in high efficiency power and heat generation."

Sales & Marketing Momentum Continues

Ceramic Fuel Cells is also pleased to announce that its German sales partner sanevo blue energy has received its first order for a BlueGen unit in Austria, as well as a follow-on order in Switzerland. As part of its first order for 100 BlueGens, sanevo blue energy has sold a BlueGen unit to its Austrian distribution partner and two units to the Swiss regional utility Cosvegaz near Lausanne. Approximately 30 of sanevo blue energy's sales partners are now offering BlueGen to customers across Germany.

Ceramic Fuel Cells has now received orders for 619 products (355 BlueGen products and 264 integrated mCHP units) from customers in ten global markets.

Ceramic Fuel Cells continues to increase its sales and marketing activities in many global markets, including at the following industry events:

E-world, Germany, February 2012

Ceramic Fuel Cells displayed a demonstration BlueGen unit at E-world 2012, held in Essen, Germany. E-world is the largest specialist energy trade fair in Germany, with more than 20,000 visitors. The BlueGen demonstration unit was retrofitted with a window which displayed the Gennex module, the heart of the BlueGen product.

FC Expo, Japan, March 2012

With more than 300 exhibitors and 120,000 industry professionals, FC Expo is the world's largest business to business exhibition and conference on fuel cells. As part of the technical conference, Ceramic Fuel Cells' Chief Technology Officer Dr. Karl Foger gave a presentation on the Company's technology and progress in Europe.

Green Cities, Australia, March 2012

Ceramic Fuel Cells exhibited BlueGen for the first time at Green Cities in Sydney, the largest green building conference in Asia-Pacific. During this exhibition visitors included small and large construction companies, local councils, leading architects and sustainability consultants/engineers.

Ecobuild, UK, March 2012

Ceramic Fuel Cells showcased a BlueGen unit at the E.ON stand at Ecobuild in London, with many visitors showing considerable interest in BlueGen's role as the backbone of a community energy scheme. As part of the conference Mr Paddy Thompson, General Manager Business Development, delivered a presentation on Power led applications for domestic, commercial or community installations. A copy of this presentation is available at www.cfcl.com.au.

Cleantech Forum, USA, March 2012

Ceramic Fuel Cells participated in the 10(th) annual Cleantech Forum as part of an Australian delegation, covering the themes of strategic partnerships across several industries including; utilities, energy efficiency and smart grids. BlueGen was included in these discussions as a component of modernising the energy industry towards a low carbon future.

H2FC 2012, UK, March 2012

The 8th international conference, Smart Hydrogen & Fuel Cell Power - Hydrogen & Fuel Cell Products for a Low Carbon Future, is the UK's premier showcase for the latest in hydrogen and fuel cell products. Ceramic Fuel Cells showcased a BlueGen at this exhibition in Birmingham.

In April 2012 Ceramic Fuel Cells will again be exhibiting at the Hannover Messe in Germany.

The Hannover Messe is one of the world's most important technology events, showcasing groundbreaking innovations at eight international flagship fairs. 2012 also sees the premiere of IndustrialGreenTec, the new trade fair for environmental technology. Ceramic Fuel Cells will be exhibiting within the Group Exhibit Hydrogen + Fuel Cells 2012 in Hall 27 alongside companies such as E.ON Ruhrgas, EWE and EnBW.

The Company is confident that these sales and marketing initiatives will continue to raise the profile of the Company's world leading clean energy products, and maintain the momentum in sales growth.

ENDS

 
For more information please contact: 
  Ceramic Fuel Cells Limited 
    Andrew Neilson    Mobile  : +61 (0) 419 950 
                       Email   771 
                               : investor@cfcl.com.au 
  Nomura Code Securities (AIM Nomad) 
    Juliet Thompson,  Tel.    : +44 (0) 207 776 
     Chris Golden              1200 
 
 
 
Australian media enquiries 
  Richard Allen       Tel.    : +61 (0) 3 9915 
   Oxygen Financial    Email   6341 
   Public Relations            : richard@oxygenpr.com.au 
UK media enquiries 
  Mark Way            Tel.    : +44 (0) 7786 116 
   MW Research PR      Email   991 
                               : mark.w@harvardamerica.com 
German media enquiries 
  Alex Seiler         Tel.    : +49 (0) 69 9218 
   Hering Schuppener   Email   7454 
   Consulting                  : aseiler@heringschuppener.com 
 
 

About Ceramic Fuel Cells Limited:

Ceramic Fuel Cells is a world leader in developing fuel cell technology to generate highly efficient and low-emission electricity from widely available natural gas. Ceramic Fuel Cells has sold its BlueGen gas-to-electricity generator to major utilities and other foundation customers in Germany, the United Kingdom, Switzerland, The Netherlands, Italy, Japan, Australia, and the USA. Ceramic Fuel Cells is also 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 is listed on the London Stock Exchange AIM market and the Australian Securities Exchange (code CFU).

www.cfcl.com.au

This information is provided by RNS

The company news service from the London Stock Exchange

END

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