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Market Cap: £1.12b
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FUEL CELL MILESTONE ACHIEVED

30 Sep 2008 07:00

RNS Number : 6191E
Ceres Power Holdings plc
30 September 2008
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ο»Ώ

30Β SeptemberΒ 2008

Ceres Power Holdings plc

('Ceres', 'Ceres Power' or the 'Company')

Fuel Cell ModuleΒ meets Alpha phase target on schedule

Ceres Power announces that it hasΒ successfullyΒ built and tested a 1kWΒ Fuel Cell Module meeting the performance, size and weight requirements under the Alpha Phase of theΒ CHPΒ programme with British Gas.Β ThisΒ represents the successfulΒ achievementΒ ofΒ theΒ Q3 2008Β milestoneΒ ofΒ the CHP product roadmap set out in the British Gas CHP update on 24thΒ June 2008.Β 

The Fuel Cell Module is the 'electrochemical engine' thatΒ quietly andΒ efficientlyΒ converts fuel and air into electricity and heat and isΒ atΒ the heart of theΒ Group's integrated wall-mountableΒ residentialΒ Combined Heat and PowerΒ (CHP)Β product. TheΒ close-coupledΒ Fuel Cell Module consists of the Fuel Cell StackΒ integrated withΒ fuel processing and heat exchange balance of plant elements.

TheΒ Fuel CellΒ Module was operatedΒ onΒ three different fuel types:Β mains natural gas, methane and propane.Β On each fuel, itΒ deliveredΒ a maximumΒ electrical outputΒ of just over 1kW andΒ was operated over aΒ broadΒ rangeΒ of power outputsΒ demonstratingΒ itsΒ controllabilityΒ and efficiency.Β Β TheΒ coreΒ Fuel Cell Stack within the integratedΒ Fuel CellΒ ModuleΒ demonstrated a heat to power ratio of better than 1:1 andΒ was built usingΒ Ceres PowerΒ fuel cells madeΒ byΒ scaleableΒ manufacturing processes.

The Ceres PowerΒ value engineering programmeΒ has resulted in a major reduction inΒ componentΒ part count. This has beenΒ achievedΒ usingΒ innovativeΒ systemsΒ integration andΒ throughΒ pre-assembly of balance of plantΒ elementsΒ by supply chain partnersΒ as a core part of the design for manufacture strategy.Β Β 

The Fuel Cell Module has been packaged to fit overall dimensions of 205mm by 305mm by 305mm. Including its thermal insulation it weighs less than 25kg,Β meeting the Alpha CHP product targets. Together, these size and weight achievements enable the CHP product to be wall mountableΒ and easy to install,Β essential to maximiseΒ mass market access.

The achievement of the Fuel Cell ModuleΒ milestone underpins theΒ subsequentΒ AlphaΒ milestones in Ceres Power's CHP programme with British Gas, namely theΒ Alpha CHP product build due to be completedΒ in Q4Β 2008 and tested throughΒ Q1 2009.

Gearoid Lane, Director British Gas New Energy, commented:

"We are pleased with the recent progress under our new contract with Ceres Power. The programme is on track to deliver as planned and weΒ look forward to theΒ testing of the Alpha CHP Product early in 2009."Β 

For further information contact:

Ceres Power Holdings plc

Peter Bance, Chief Executive, Ceres Power

Tel. +44 (0) 1293 400404

Gavin Anderson & Company

Tel. +44 (0)20 7554 1400

Ken Cronin/Deborah Walter/Robert Speed

This information is provided by RNS
The company news service from the London Stock Exchange
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