The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Announcement 9 February 2012 BlueGen filmed for brand new UK Channel 4 series, Home of the Future Ceramic Fuel Cells Limited (AIM / ASX: CFU), a leading developer of high efficiency and low emission electricity generation products for homes and other buildings, announces that its BlueGen product was filmed for the brand new Channel 4 series, Home of the Future, which starts February 12th, 7.00pm on Channel 4. This five-part Channel 4 series, co-funded by one of the UK's leading energy companies E.ON and produced by Twofour, transforms the lives of a family, filling their home from top-to-bottom with futuristic technology and gadgets. Overseen by expert Chris Sanderson, the Pereras family will discover how we may work, rest and play - as well as eat, travel, stay healthy and power our homes. BlueGen was also recently installed in a "Smart Home", in Sydney Australia where the unit produced most of the on-site power with 65 percent less greenhouse gas impact than power sourced from the New South Wales grid. The Smart Home showed the BlueGen produced enough electricity to power two average households. The first episode of Home of the Future airs on February 12th, 7.00pm on Channel 4. ENDS More information on BlueGen is available at www.bluegen.info.
I'm going to put this one on the watch list. I don't think this is a short term win unless I'm convinced otherwise. Still very promising.
Promising results from the Smart Home experiment. http://www.cfcl.com.au/Assets/Files/20120206-Ausgrid-Smart-home-results-Feb2012.pdf
this could see progress for us today
Comments made by Minister Barker included: "Micro-CHP can play a much larger role in driving the decentralised energy revolution…there are few homes that couldn't benefit from micro-CHP… There is a clear role for Government leadership to bring micro-CHP to market…as an attractive, price-competitive alternative to taking electricity from the grid or installing a conventional boiler." Commenting on the Minister's intentions, Paddy Thompson, Business Development Manager, CFCL, said: "Decentralised energy production via micro-CHP offers significant efficiency savings and it is very encouraging to hear that the UK government fully recognizes this and intends to plays its part in supporting the growth of the micro-CHP industry. "CFCL's BlueGen is the only fuel cell based micro-CHP product available to the UK residential market with the necessary approvals to receive the feed in tariff. As one of the world's leading companies committed to driving down energy costs via micro-CHP, CFCL looks forward to supporting the initiatives of the UK government."
CFCL Welcomes Forthcoming Rise in UK Feed in Tariff Minister confirms strong support for Micro Heat and Power Ceramic Fuel Cells (AIM / ASX: CFU) a leading developer of high efficiency and low emission power products for homes and other buildings, welcomes the recent comments made by Greg Barker, UK Minister of State (Climate Change) MP, during an adjournment debate on micro heat and power ("micro-CHP") at the House of Commons. The Minister confirmed his intention to raise the UK feed in tariff for micro-CHP, remove the 30,000 cap in the upcoming Phase 2 of the feed in tariff consultation, provide support to the ambition of a 1 million unit installed base by 2020 and for future regulatory measures to drive micro-CHP uptake. The UK currently provides a feed in tariff for micro CHP products, which generate power and heat on-site. The tariff is 10 pence for every kilowatt hour of electricity generated plus an additional three pence for every kilowatt hour of electricity exported to the grid. Ceramic Fuel Cells' BlueGen product is the first and currently the only fuel cell micro CHP product to receive certification under the Microgeneration Certification Scheme (MCS) and be eligible for the feed in tariff.
First German utility marketing BlueGen to customers Ceramic Fuel Cells (AIM / ASX: CFU) a leading developer of high efficiency and low emission power products for homes and other buildings, and its sales partner sanevo blue energy have successfully introduced BlueGen to the German market. After only six weeks into sanevo's marketing campaign, sanevo has received customer commitments for its first order of 100 BlueGen units. Sanevo has received commitments from public energy utilities in six German states as well as from residential and commercial customers. The BlueGen units are expected to be delivered and installed over the next six months. Sanevo's largest customer for BlueGen is Stadtwerke Aalen, the local electricity and gas utility in the region of Aalen in Southern Germany. Working with sanevo, Stadtwerke Aalen is now the first German utility to actively promote and support sales of BlueGen to its customers, including by providing an incentive payment to early BlueGen customers. Ceramic Fuel Cells' Managing Director Brendan Dow said: "This is a great start to our partnership with sanevo. There is huge interest in BlueGen from customers and utilities in Germany, plus supportive policy settings. We look forward to delivering on these first orders and securing larger follow on orders." BlueGen converts natural gas into electricity and heat for hot water for homes and other buildings. BlueGen delivers an electrical efficiency of up to 60 percent - the highest in the world. When the heat from BlueGen is used to produce hot water, total efficiency increases to up to 85 percent. The launch offer by sanevo includes the supply and installation of the BlueGen, plus complete integration with hot water systems, as well as a three or ten-year full-service contract, including maintenance, warranty and support services. Ceramic Fuel Cells appointed sanevo as a BlueGen distributor in July last year, with an initial order for 100 BlueGen units. sanevo has a target minimum of 500 units for delivery in its second year and a target of 2,000 BlueGens over years three and four. In Germany a number of federal states are contemplating market introduction programs for fuel-cell based micro CHP systems. The federal state of Saxony has announced a '1,000 Basement Programme' to provide financial incentives for installing fuel cell based micro CHP units. In late 2011 the state of North Rhine Westphalia also announced plans to increase the share of CHP electricity production to 25 percent, by providing funding of EUR 250 million over several years to support the deployment of local CHP systems.
http://www.investegate.co.uk/Article.aspx?id=201201230701599696V
Order Book and Sales The Company has now received commercial orders for a total of 614 units made up of 262 integrated mCHP products and 352 BlueGen® products. This represents a doubling of the order book from June 2011. During the December quarter the Company received orders for 106 units. This included a new order for 105 units from E.ON UK, one of the UK's leading power and gas companies. In placing this order E.ON has reaffirmed that it is committed to working with CFCL to launch integrated power and heating products for the UK market. The agreement involves the supply of both the BlueGen modular generators and the mCHP unit in development for the UK market. Supply will commence in early 2012. The Company's open order book currently stands at 477 units - with the geographic split being Germany 266, Netherlands 106, UK 101, and four units in other markets. The Company has been building its capacity to sell and install units by working with its sales partners. As a result sales of 67 units were completed within the half-year to 31 December 2011, which is equivalent to the total number of units sold in the whole of the last fiscal year.
Quarterly Cashflow Report Ceramic Fuel Cells Limited (AIM / ASX: CFU) a leading developer of high efficiency and low emission power products for homes and other buildings, today released its quarterly cashflow report for the period ended 31 December 2011. The cashflow report is available at www.cfcl.com.au. Highlights · Orders doubled in the last six months - up to 614 units · Current open order book stands at 477 units · EON.UK orders 105 units · German distributor has customer commitments for all of its first order of 100 BlueGens. · First German Utility now promoting BlueGen to its customers · External installation & support partners trained and operating in Europe and Australia · Unit installation rate doubles from prior year · MOU signed with global contract manufacturer Jabil Circuit (NYSE: JBL.US) · German production facility now accredited for Microgeneration Certificate Scheme (MCS) - units made in German plant can receive UK feed-in tariff · Integrated CHP units from DeDietrich in France gains CE approval · AUD 17.0m (GBP 11.4m) raised in new equity · More industry awards - Banksia Award and Victorian Governor's Export Award
http://www.investegate.co.uk/Article.aspx?id=201201230701489701V
Descending wedge formation has formed here, could be worth a punt at these levels, not sure if any news is expected soon...
thanks for the answer but it is not my division that is wrong it is what now shows on my Halifax share deal account. does anyone else have this problem
Your average is about 7.8p now, you have just divided the wrong way round is all :)
can anyone explain please. I had 10811 shares in CFU at an average of 9.36p. I bought a further 21428 in the open offer at 7p. My average has now gone to 12.45p surely the average should have gone down not up?
EUROPEAN APPROVAL FOR mCHP PRODUCT 5 December 2011 Ceramic Fuel Cells Limited [AIM/ASX: CFU], a leading developer of high efficiency and low emission electricity generators for homes and other buildings, is pleased to announce that its manufacturing partner in France, De Dietrich Thermique, has received CE certification for its micro CHP system called CERAMIS POWER powered by the Ceramic Fuel Cells' Gennex® fuel cell module. The first CERAMIS POWER unit will be operated with GDF-Suez, the largest gas retailer in France, with more than 10 million customers. De Dietrich plans to deploy the first 20 CERAMIS POWER units in France, Germany and Netherlands from 2012. Ceramic Fuel Cells will supply the core Gennex fuel cell module and related components to De Dietrich Thermique, which integrates the fuel cell module with a boiler into an integrated product to provide power, hot water and space heating for homes and other buildings.
30 November 2011 Ceramic Fuel Cells Limited Extension of North-Rhine Westphalia Grant Ceramic Fuel Cells (ASX / AIM: CFU) ("the Company") announces that the NRW Bank has extended the term of the grant received by the Company. In December 2009 the Company received a grant of EUR1,386,000 from the NRW Bank. NRW Bank is the government-owned development bank in the German state of North-Rhine Westphalia, where the Company has built and is operating its volume manufacturing plant. Under the terms of the grant certain conditions had to be met in order to retain the grant monies. In the Overseas Offer Circular mailed on 8 November 2011 the Company noted that it was in ongoing discussions with the NRW Bank and the Government of North-Rhine Westphalia about the grant conditions, specifically relating to the number of staff employed at the plant. The Company is pleased to announce that the NRW Bank has given an extension until December 2012, in order to meet the final grant condition. For further information please contact: Ceramic Fuel Cells Andrew Neilson Tel: +61 419 950 771 Email: investor@cfcl.com.au Nomura Code Securities (AIM Tel: +44 (0) 207 776 Nomad)
1 Source: Medium UK household power consumption is 3,300 kWh/year per Ofgem Factsheet 96 18.01.11 1 sign a Product Supply Agreement for commercial products. This is subject to the products performing as expected and to the parties agreeing on the material terms for a commercial product, such as product specification and warranties, pricing, firm order volumes and delivery schedule. Under the JTI project, Ideal and CFCL will develop up to 60 integrated units, to be installed in homes in the United Kingdom, Benelux and Germany from late 2012. These integrated units will be manufactured by Ideal in the UK. Unlike BlueGen, these integrated units provide home heating, and will be targeted at the market for replacement home boilers, which in the UK alone comprises 1.6 million2 units per year. Brendan Dow, Managing Director of Ceramic Fuel Cells, said: "Our close working relationship with E.ON continues to strengthen as evidenced by this new order and we continue to discuss new ways of broadening our collaboration together. Ceramic Fuel Cells is right at the forefront in the development of high efficiency fuel cell microgeneration and its integration into today's homes." Dr Chris Horne from E.ON "These agreements with Ideal Boilers, CFCL and HOMA Software reflect our ongoing relationship to develop fuel cell based products for the retrofit and new build markets. We are now pleased to commit funding and resources at this critical point in the technology's commercialisation. The additional help of the FCH-JTI funding to extend our field demonstrations into the EU, and optimise the component and supply chain is a significant step in delivering commercial products, building on CFCL's market- leading technology. This technology signals that cleaner, more cost-effective energy in the UK home is closer than ever before." 2 Source: Heating & Hot Water Industry Council Market Updates 2010 - 2011 2
Ceramic Fuel Cells Limited : E.ON and JTI order 105 units E.ON UK ORDERS ADDITIONAL 105 CERAMIC FUEL CELLS' PRODUCTS 28 November 2011 Ceramic Fuel Cells Limited [AIM/ASX: CFU], a leading developer of high efficiency and low emission electricity generators for homes and other buildings, is pleased to announce that it has received a new 105 unit order from E.ON UK, one of the UK's leading power and gas companies. E.ON has also reaffirmed that they are committed to working with CFCL to launch integrated power and heating products for the UK market. New agreements have been signed with E.ON covering both Ceramic Fuel Cells' BlueGen modular generator and the micro combined heat and power unit in development. Each product uses CFCL's Gennex fuel cell module as its core technology. BlueGen (power + hot water) E.ON has ordered 41 BlueGen electricity generators to be deployed under the European Union Fuel Cell and Hydrogen Joint Undertaking's Joint Technology Initiative ("JTI") fuel cell demonstration programme. The JTI project partners are E.ON, CFCL, Ideal Boilers Limited and HOMA Software BV of The Netherlands. Under the JTI project, the BlueGen units will be installed in homes and other buildings in the UK, Germany and The Netherlands, during early 2012. Ideal Boilers is an established UK heating company that has produced boilers for over 100 years. HOMA Software is a software house specialising in remote monitoring and control of micro combined heat and power systems. An additional four BlueGen units will be deployed by E.ON in demonstration and commercial customer sites. BlueGen is the first and only fuel cell product to receive Microgeneration Certification Scheme (MCS) certification and be eligible for the UK feed in tariff, which provides 10.5 pence per kilowatt hour of electricity generated, plus an additional 3.1 pence per kilowatt hour of electricity exported to the grid. BlueGen customers are also eligible to receive a feed in tariff in Germany and The Netherlands. 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 UK home.1 Surplus electricity can be sold back to the grid. Integrated micro combined heat and power (power + hot water + home heating) CFCL and Ideal are also developing products which provide power, hot water and home heating. CFCL and Ideal have built two prototype units for testing during the 2011/12 heating season. This completes the development work under the Product Development Agreement signed with E.ON in 2009. CFCL and E.ON are continuing to work together to develop a range of product configurations for different UK market segments and customer requirements. Once the Product Development Agreement is completed during 2012 the next stage in the parties' collaboration is to negotiate and 1 Source: Medium UK household power consumption is 3,300 kWh/ye
bit of a disaster - thought they would have kept the sharep rice hgher than the offer - still we don't have to pay any fees so lets hope it doesn't get any lower.