Noble Park, Victoria, Australia February 10, 2012
Ceramic Fuel Cells (AIM / ASX: CFU) a leading developer of high efficiency and low emission power products for homes and other buildings, welcomes the UK Government’s announcement of an increase in the feed in tariff for micro power and heating products (m-CHP), including Ceramic Fuel Cells’ BlueGen product.
On 9 February the UK Climate Change Minister, Greg Barker MP, announced the Phase 2 consultation on feed in tariffs for a range of technologies, including m-CHP. The Government plans to increase the m-CHP feed in tariff from October 2012 from a total of 14.1 pence to 15.6 pence, comprising:
- A generation tariff, increased from 11.0 pence to 12.5 pence for every kilowatt hour of electricity generated on-site; plus
- An export tariff of 3.1 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 m-CHP product to receive certification under the Microgeneration Certification Scheme (MCS) and be eligible for the feed in tariff.
The Government has opened a consultation on the feed in tariff arrangements. The consultation closes on 26 April 2012 and the new tariffs are expected to take effect from October this year.
Ceramic Fuel Cells’ Managing Director Brendan Dow said:
“The proposed tariff increase is certainly a step in the right direction, although it falls short of the 15 pence tariff advocated by the group of companies most actively promoting m-CHP in the UK, which includes Ceramic Fuel Cells and E.ON UK, amongst others. The requested 15 pence tariff is consistent with the m-CHP industry’s ambition to install 1 million units by 2020, an ambition which the Minister has stated that he shares. We look forward to our ongoing consultation with the Government to achieve their vision of bringing clean energy products into more UK homes.”
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 BlueGen product has been filmed for the brand new Channel 4 series, Home of the Future, which starts February 12th, 7.00pm on Channel 4.
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).
Source: Ceramic Fuel Cells
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