Ceramic Fuel Cells signs first commercial agreement with an Australian energy utility
Ceramic Fuel Cells Limited (AIM/ASX: CFU) – a leading developer of high efficiency and low
emission power products for homes – announces today that a leading Australian energy utility has
agreed to install a BlueGen gas-to-electricity generator in a showcase sustainability home.
BlueGen is the latest breakthrough in small scale electricity generation. About the size of a
dishwasher, each BlueGen unit can produce up to 17,000 kilowatt hours of power a year – twice the electricity needed to power an average home. Surplus electricity can be sold back to the grid.
Each BlueGen can cut a home’s carbon dioxide emissions by up to 12 tonnes a year compared to
New South Wales’ current black coal generators and by almost 18 tonnes a year compared to
Victoria’s brown coal generators.
Under the agreement with the utility Ceramic Fuel Cells will supply a BlueGen unit for a six month
demonstration, beginning in February 2010. BlueGen will be connected to the existing natural gas
pipeline and the power grid, and will generate low emission electricity for the house, as well as heat for the hot water system.
This is Ceramic Fuel Cells’ first commercial agreement with an Australian energy utility. The
Company is already deploying demonstration products with leading utility customers and appliance
companies in Germany, France and the United Kingdom.
Ceramic Fuel Cells’ technology has recorded the highest electrical efficiency ever achieved,
worldwide, from any technology that converts hydrocarbon fuels into electricity. It uses 95% less
water than brown coal-fired generators and when deployed in volume is forecast to generate
electricity up to 40% cheaper than the current retail price.
