Re Agreement (5110H)
May 31 2011 - 2:00AM
UK Regulatory
TIDMCFU
RNS Number : 5110H
Ceramic Fuel Cells Limited
31 May 2011
Ceramic Fuel Cells sells 25 BlueGen units to Ausgrid for
Newcastle 'Smart Grid, Smart City' project
Tuesday 31 May 2011
Ceramic Fuel Cells Limited [AIM/ASX:CFU], a leading developer of
high efficiency and low emission electricity generation units for
homes and other buildings, today announced it has signed a contract
to sell 25 BlueGen gas-to-electricty units to Ausgrid (formerly
Energy Australia).
The units will be installed in homes in Newcastle as part of
Ausgrid's 'Smart Grid, Smart City' project. The $100 million
project, funded by the Australian Government, is Australia's
largest smart grid project.
The 25 BlueGen units - the second largest BlueGen order received
by Ceramic Fuel Cells - will be installed in homes over the next
few months, generating electricity from natural gas with the
world's highest electrical efficiency, as well as providing hot
water for the home.
The 'Smart Grid, Smart City' initiative utilises a smart grid -
a new type of electricity network that uses advanced communication,
sensing and metering that more efficiently manages electricity
supply and demand. The initiative is gathering robust information
about the costs and benefits of smart grids, and will inform future
decisions by government, electricity providers, technology
suppliers and consumers across Australia.
The project's consortium includes CSIRO, IBM Australia, AGL, GE
Energy, TransGrid, Newcastle City Council and the NSW
Government.
The order from Ausgrid follows the company's previous purchase
of a BlueGen unit for its Smart Home in the Sydney suburb of
Newington. Since the unit was installed in August 2010 it has
generated 9,283 kilowatts of power and saved 10.4 tonnes of CO2
compared to power from the local grid. Importantly Ausgrid has run
the unit in a variety of modes, including constant power and
modulating power, to match the typical load of a home. The BlueGen
at the Smart Home has been generating about twice as much
electricity as the family has been using to run their household
appliances and charge an electric vehicle. Any excess electricity
generated by the BlueGen has been exported to the grid.
Brendan Dow, Managing Director of Ceramic Fuel Cells, said: "We
are delighted that Ausgrid has selected BlueGen units for its
'Smart Grid, Smart City' project. The distributed generation of
electricity - creating electricity near the place of use, rather
than centrally - is an important part of the future of smart
grids."
Ausgrid Managing Director George Maltabarow said: "We're testing
whether adding distributed generation like fuel cells can make the
grid more efficient by flattening out peaks in electricity demand,
as well as deliver benefits to households."
For further information:
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 www.nomuracode.com
UK Media enquiries Tel: +44 7786 116991
Mark Way
mark.w@harvardamerica.com
Australia Media enquiries Tel: +613 9915 6341
Richard Allen Oxygen Financial
Public Relations
richard@oxygenpr.com.au
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, Italy, Japan, Australia and the USA. Ceramic Fuel
Cells recently won the 2010-11 DuPont Design for a Sustainable
Future innovation award. Ceramic Fuel Cells is listed on the London
Stock Exchange AIM market and the Australian Securities Exchange
(code CFU).
www.cfcl.com.au
www.bluegen.info
This information is provided by RNS
The company news service from the London Stock Exchange
END
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