Market
Announcement
Friday 3 February 2012
CFCL Welcomes Forthcoming Rise in UK Feed in Tariff Minister confirms strong support for Micro Heat and Power
Ceramic Fuel Cells (AIM / ASX: CFU) a leading developer of
high efficiency and low emission power products for homes and
other buildings, welcomes the recent comments made by Greg
Barker, UK Minister of State (Climate Change) MP, during an
adjournment debate on micro heat and power ("micro-CHP") at
the House of Commons.
The Minister confirmed his intention to raise the UK feed in
tariff for micro-CHP, remove the 30,000 cap in the upcoming
Phase 2 of the feed in tariff consultation, provide support
to the ambition of a 1 million unit installed base by 2020
and for future regulatory measures to drive micro-CHP
uptake.
The UK currently provides a feed in tariff for micro CHP
products, which generate power and heat on-site. The tariff
is 10 pence for every kilowatt hour of electricity generated
plus an additional three pence for every kilowatt hour of
electricity exported to the grid. Ceramic Fuel Cells' BlueGen
product is the first and currently the only fuel cell micro
CHP product to receive certification under the
Microgeneration Certification Scheme (MCS) and be eligible
for the feed in tariff.
Comments made by Minister Barker included:
"Micro-CHP can play a much larger role in driving the decentralised energy revolution…there are few homes that couldn't benefit from micro-CHP… There is a clear role for Government leadership to bring micro-CHP to market…as an attractive, price-competitive alternative to taking electricity from the grid or installing a conventional boiler."
Commenting on the Minister's intentions, Paddy Thompson, Business Development Manager, CFCL, said:
"Decentralised energy production via micro-CHP offers significant efficiency savings and it is very encouraging to hear that the UK government fully recognizes this and intends to plays its part in supporting the growth of the micro-CHP industry.
"CFCL's BlueGen is the only fuel cell based micro-CHP product available to the UK residential market with the necessary approvals to receive the feed in tariff. As one of the world's leading companies committed to driving down energy costs via micro-CHP, CFCL looks forward to supporting the initiatives of the UK government."
Ceramic Fuel Cells' BlueGen product converts natural gas into
electricity and heat for hot water for homes and other
buildings. BlueGen delivers an electrical efficiency of up to
60 percent - the highest in the world. When the heat from
BlueGen is used to produce hot water, total efficiency
increases to up to 85 percent.
The adjournment debate is available
at:
www.parliamentlive.tv/Main/Player.aspx?meetingId=9929&st=11:00:28
ABN : 055 736 671
Website :
www.cfcl.com.au
ENDS
For more information please contact: | ||
Ceramic Fuel Cells Limited | ||
Paddy Thompson (UK) | Tel. | +44 7968 356439 |
Andrew Neilson (Australia) | Tel. | : +61 (0) 419 950 771 |
Australian media enquiries | ||
Richard Allen Oxygen Financial Public Relations | Tel. | : +61 (0) 3 9915 6341 |
UK media enquiries | ||
Mark Way MW Research PR | Tel. | : +44 (0) 7786 116 991 |
German media enquiries | ||
Alex Seiler Hering Schuppener Consulting | Tel. | : +49 (0) 69 9218 7454 |
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
Page 2 of 2
distribué par | Ce noodl a été diffusé par Ceramic Fuel Cells Limited et initialement mise en ligne sur le site http://www.cfcl.com.au. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-02-03 01:48:43 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
CFCL Welcomes Forthcoming Rise in UK Feed in Tariff |