Sanevo Germany orders 100 BlueGen units (9631K)
25 July 2011 - 4:55PM
UK Regulatory
TIDMCFU
RNS Number : 9631K
Ceramic Fuel Cells Limited
25 July 2011
Ceramic Fuel Cells appoints German Distributor:
Initial order for 100 BlueGen units
25 July 2011
Ceramic Fuel Cells Limited (AIM/ASX: CFU), the world's leading
developer of high efficiency and low emission power products for
homes, has received an initial order for 100 BlueGen units from
sanevo Lizenz-GmbH & Co. KG. Ceramic Fuel Cells has also signed
a distribution agreement with sanevo to market, sell, install and
service BlueGen gas-to-electricity products in regions of Germany
and Austria.
Sanevo has placed an initial order for 100 BlueGen units to be
delivered in the first year, with a target minimum order of 500
units for delivery in the second year and a target of 2000 units
over years three and four.
Provided sanevo orders these agreed minimum numbers of BlueGen
units during 2012 to 2014, sanevo has exclusive rights to
distribute BlueGen to commercial and residential customers in the
German States of Baden-Wurttemberg and Bavaria, and in Austria.
Ceramic Fuel Cells retains full rights to sell BlueGen units to
utilities and energy service companies.
The order for 100 units is the largest order so far for the
Company's BlueGen product, and builds upon the recent order for 25
units from Ausgrid in Australia. Ceramic Fuel Cells has now
received orders for a total of 206 BlueGen units and up to 200
integrated mCHP products.
Based in Offenbach, near Frankfurt, sanevo has substantial
experience in marketing and selling new technology power and
heating products in Germany through more than 120 qualified sales
partners.
Sanevo has partnered with SAG GmbH - one of Germany's largest
independent service and system providers for electricity, gas,
water and telecommunications products and networks - to provide
installation and after sales service for BlueGen products. SAG has
more than 8,300 staff in operations across Germany and Europe. With
sales revenue of one billion euro, SAG has over 120 locations
throughout Germany to provide a high level of service
availability.
In April 2011 sanevo and SAG each purchased a BlueGen unit for
their own buildings.
BlueGen uses ceramic fuel cells to turn natural gas into
electricity and heat for hot water, with each unit capable of
producing more than three times the electricity needed to power the
average German home. (In Germany the average home consumes an
estimated 4,100 kilowatt hours of electricity per year.)
Surplus electricity is sold back to the grid or used in
supplementary applications such as charging an electric car. In
addition, surplus heat is captured for domestic hot water use.
BlueGen units generate electricity with the highest electrical
efficiency of any small scale generating technology in the world,
reducing energy bills and cutting carbon emissions.
BlueGen customers in Germany are eligible to receive a feed in
tariff for the power exported back to the grid.
For further information please contact:
Ceramic Fuel Cells
Andrew Neilson Tel: +61 419 950 771
Email: investor@cfcl.com.au
Nomura Code Securities (AIM Nomad) Tel: +44 (0) 207 776 1200
Juliet Thompson, Chris Golden
Australia Media enquiries
Richard Allen, Oxygen Financial Tel: +613 9915 6341
Public Relations
UK Media enquiries Tel: +44 (0) 7786 116 991
Mark Way
German Media enquiries Tel: +49 172 850 49 75
Matthias Baumgarten, PR Partner
GmbH
About Ceramic Fuel Cells:
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
is 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.
Ceramic Fuel Cells has also sold more than 200 BlueGen
gas-to-electricity generators to major utilities and other
foundation customers in Germany, the United Kingdom, Switzerland,
The Netherlands, Italy, Japan, Australia and the USA. Ceramic Fuel
Cells recently won the 2010-11 DuPont Design for a Sustainable
Future innovation award and the Microgeneration UK 2011 Technical
Innovation Award. The company is listed on the London Stock
Exchange AIM market and the Australian Securities Exchange (code
CFU).
www.cfcl.com.au
Register to receive email alerts of announcements, at
www.cfcl.com.au/register
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRKMGZNVKFGMZG
Ceramic Fuel Cells (LSE:CFU)
Historical Stock Chart
From Sep 2024 to Oct 2024
Ceramic Fuel Cells (LSE:CFU)
Historical Stock Chart
From Oct 2023 to Oct 2024