The next intel of the power world??15 Feb 2011 11:06
http://www.telegraph.co.uk/sponsored/business/workingforchange/8323727/Britain-could-lead-world-in-offshore-wind-power.html
West Sussex-based Ceres Power is hoping to be just such a global winner. Its innovative and highly efficient combined heat and power units, which generate electricity, hot water and space heating for homes by converting natural gas using fuel-cell technology, have the potential to shave hundreds of pounds a year from household utility bills.
British Gas has ordered 37,000 units, Ceres is on the verge of going into large scale production and the potential market is vast, said the firm’s chief executive officer, Peter Bance. “Today 1.5million boilers are replaced each year in the UK and we can attack most of that market.
Although Ceres looks well placed to grow rapidly, its fight to commercialise its innovations is instructive for others developing novel energy-efficiency and renewables technologies. “We hope to be the next Intel of the power world but getting to where we are has been a struggle,” said Mr Bance.