TIDMCFU
RNS Number : 0584H
Ceramic Fuel Cells Limited
23 May 2011
Ceramic Fuel Cells signs BlueGen sales and service agreement for
the UK with the RES Group
23 May, 2011
Ceramic Fuel Cells Limited(1) , a leading developer of high
efficiency and low emission electricity generation units for homes
and other buildings, has signed a distribution agreement with RES
On-Site Limited, part of the RES Group(2) , to market, sell,
install and service Ceramic Fuel Cells' BlueGen gas-to-electricity
units in the United Kingdom.
Under the terms of the non-exclusive agreement RES On-Site will
distribute BlueGen, targeting the commercial microgeneration energy
market throughout the UK. RES On-Site holds MCS (Microgeneration
Certification Scheme) installer accreditations in a wide range of
technologies and is adding the microCHP accreditation to this and
so will provide installation and after-sales service for BlueGen
products. It will also support Ceramic Fuel Cells in developing the
market for BlueGen.
The RES Group is a leading international renewable energy
company with operations across Europe, North America and Asia
Pacific. To date the RES Group has delivered more than 5GW of
renewable energy projects worldwide. RES On-Site sells and installs
a range of low emission power and heating products for commercial,
industrial and public sector customers, including wind, biomass,
solar PV and solar hot water.
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 home. The UK average domestic power consumption is
estimated at 3,300 kWh per annum(3) .
Surplus electricity can be sold back to the grid or used in
supplementary applications such as charging an electric car, as
well as having the additional benefit of providing heat for
domestic hot water use. BlueGen units generate electricity at up to
double the efficiency of the current power grid, reducing energy
bills as well as making significant carbon savings.
Most recently, BlueGen has been successfully chosen to
participate in CE Electric UK's GBP54 million low-carbon Smart Grid
project.
Commenting on the announcement, Brendan Dow, Managing Director
of Ceramic Fuel Cells Limited said:
"To be working with the RES Group, one of the world's leading
renewable energy development companies, is exciting news for CFCL
and is yet another endorsement of BlueGen.
"The reputation, expertise and market penetration that the RES
Group offers means that we are now even better placed to capitalise
on the significant market opportunities that the UK offers."
Mike Atkinson - Managing Director, RES On-Site Limited
added:
"RES are delighted to add the world leading BlueGen microCHP
product from CFCL to our portfolio of class leading renewable and
low carbon energy technologies. This diverse portfolio allows RES
On-site to offer our customers the most suitable solution for their
specific carbon reduction application.
"The UK Government's tariff structures supporting the deployment
of exciting new products such as BlueGen makes the UK a hugely
dynamic developing market for renewable technologies and RES
On-site is committed to being at the forefront of that market."
Paddy Thompson, General Manager Business Development at Ceramic
Fuel Cells added:
"RES On-Site Limited is highly experienced and MCS accredited,
and together we are ready to enable BlueGen customers to take full
advantage of the microCHP feed in tariff as well as the
considerable energy cost and carbon savings made available by
BlueGen.
"This is the first UK distributor agreement signed by CFCL and
we look forward to working closely with RES On-Site as awareness of
the many benefits offered by fuel cell cogeneration grows."
The agreement is in line with Ceramic Fuel Cells' strategy to
sell BlueGen units worldwide through a network of distributors and
to outsource the sale, installation and service of BlueGen units.
The agreement with RES On-Site Limited in the UK follows similar
BlueGen distribution agreements with partners in Australia.
- ends -
Notes for Editors
1 - About Ceramic Fuel Cells Limited:
-- Ceramic Fuel Cells Limited is a world leader in developing
fuel cell technology to provide 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 70 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 is listed on the London Stock Exchange AIM
market and the Australian Securities Exchange (code CFU).
-- For further information: www.cfcl.com.au
2 - About the RES Group
-- RES On-site is part of the RES Group. RES is one of the
world's leading independent renewable energy project developers
with operations across Europe, North America and Asia-Pacific. At
the forefront of wind energy development for over 25 years, RES has
developed and/or built more than 5GW of renewable energy projects
worldwide.
-- The RES Group is active in a range of renewable energy
technologies including large-scale biomass, solar, wave and tidal
and on-site renewable installations.
-- For more information, visit www.res-group.com
3 - Source: Ofgem 2011.
For further information:
Ceramic Fuel Cells
Andrew Neilson
Tel: +613 9554 2300
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 Public Relations
Tel: +613 9915 6341
UK Media enquiries
Mark Way
Tel: +44 (0) 7786 116 991
Email: Mark.W@harvardamerica.com
German Media enquiries
Tel: +49 172 850 49 75
Matthias Baumgarten, PR Partner GmbH
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRAJMBTMBITMTB
Ceramic Fuel Cells (LSE:CFU)
Historical Stock Chart
From Feb 2025 to Mar 2025
Ceramic Fuel Cells (LSE:CFU)
Historical Stock Chart
From Mar 2024 to Mar 2025
