Ceramic Fuel Cells Limited : CFCL Welcomes Forthcoming Rise in UK Feed in Tariff
02/02/2012 | 07:54pm
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
Ceramic Fuel Cells Limited
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.
Email
|
: +61 (0) 419 950 771
: investor@cfcl.com.au
|
|
Australian media enquiries
|
|
Richard Allen
Oxygen Financial Public Relations
|
Tel.
Email
|
: +61 (0) 3 9915 6341
: richard@oxygenpr.com.au
|
|
UK media enquiries
|
|
Mark Way
MW Research PR
|
Tel.
Email
|
: +44 (0) 7786 116 991
: mark.w@harvardamerica.com
|
|
German media enquiries
|
|
Alex Seiler
Hering Schuppener Consulting
|
Tel.
Email
|
: +49 (0) 69 9218 7454
: 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
Page 2 of 2
