LONDON (Alliance News) - Ceramic Fuel Cells Ltd, which develops small-scale electricity generators using fuel cell technology Thursday said it is currently negotiating several large orders for its BlueGEN electricity generator with numerous companies. The company said its focus has remained on the European market, predominantly in Germany and the UK. In the UK, the company's prime focus is on developing opportunities in the social housing sector whilst improving distribution channels in the country. Over the past financial year, the company has sold 210 BlueGEN units, a small electricity generator, but stated it was negotiating with a number of organisations for large-scale orders which it hopes will begin to materialise in a few months. "To summarise, we have seen some progress in sales and major improvements in the performance of our BlueGEN unit," it said. Ceramic Fuel Cells is waiting for a state incentive scheme to come into effect in Germany, which has taken longer than expected, but said there has been accelerated action over the last few months, with four further states in the country adopting the scheme, said Ceramic. "The global market potential is very large. Germany alone, for example, provides the opportunity for the installation of several hundred thousand units. Other markets with similar potential include the UK, Netherlands, USA, Canada and Japan," it said in a statement. It has also reduced the production costs of the BlueGEN units, saying costs have dropped 29% since 2012, with further reductions expected through volume production and improved engineering, said Ceramic. "Demand for electricity in both developed and developing countries continues to increase. Building new large-scale generation plants is difficult in developed countries. Small-scale, in-home generators can readily bridge the gap between demand and capacity," said Ceramic. Ceramic Fuel shares were up 1.2% to 0.425 pence per share on Thursday morning. By Joshua Warner; firstname.lastname@example.org; @JoshAlliance Copyright 2014 Alliance News Limited. All Rights Reserved.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.