Promising start of the BlueGEN technology in Belgium
Ceramic Fuel Cells Limited (“CFCL”) (AIM / ASX: CFU), a leading developer of generators which use fuel cell technology to convert natural gas into electricity and heat for homes and other buildings, today announced the signing of a distribution agreement with Solar Spirit a leading Belgian provider of renewable-energy-systems . The partners will distribute highly efficient BlueGEN-CHPs in Belgium together.
Bob Kennett, CEO of CFCL, says: “We are very pleased to have entered into a formal arrangement with a strong and well established partner for the distribution of BlueGEN in Belgium. Solar Spirit shares our passion for our technology and working with them will strengthen our access to the Belgian market for environmentally friendly energy solutions.”
Bjorn van Haver, CEO of Solar Spirit, commented: “We are very satisfied with this unique cooperation, which offers great chances in Belgium for both partners. We are confident about installing numerous BlueGENs in Belgium this year and furthermore generating an attractive order volume going forward.”
Spirit Group is a leading Belgian provider of renewable energy systems and has an excellent distribution network with 15 years of distribution experience. After the latest cuts of solar subsidies in Belgium, publicly guaranteed certificates for power from micro-power plants become more important. Since the compensation is tied to the produced power volume, CFCLs BlueGEN units with their globally unique electrical efficiency of up to 60 per cent perfectly suit this promising segment.
The Belgian market is known for its high environmental awareness and its great interest in innovative solutions for clean energy production. Solar Spirit specifically develops new models and product combinations which enable customers to independently generate power. Last year, CFCL and Solar Spirit installed the first BlueGEN units with customers and also received positive feedback from prospective customers. Both partners see a high potential for further growth and the distribution agreement now lays the basis for a strong market position going forward.
Ceramic Fuel Cells Limited 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 Limited 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 Limited is now focusing on markets in Germany, the United Kingdom and Benelux and is developing fully integrated power and heating products with leading energy companies E.ON UK in the United Kingdom 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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