Fuel Cells - A Big Future and Better than a Battery

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Re: Fuel Cells - A Big Future and Better than a Battery

Postby Tracker » Tue Oct 30, 2012 1:29 pm

Gordon-Loomberah wrote:It seems Ceramic Fuel Cells, makers of BlueGen, are packing up and moving to Germany-

Monday 29 October 2012
Largest German State launches subsidy program for small power and heating products
Ceramic Fuel Cells Limited (AIM / ASX: CFU) a leading developer of generators which use fuel cell technology
to convert natural gas into electricity and heat for homes and other buildings, welcomes the launch of a
subsidy scheme for micro combined heat and power products (mCHP) by the German State of North-Rhine
Under the new scheme the North-Rhine Westphalia Government will pay a capital subsidy to commercial
customers and Energy Service Companies who install highly efficient mCHP products of less than 50 kilowatts, like Ceramic Fuel Cells’ BlueGen and integrated mCHP products. Local energy utilities (Stadtwerke) are also eligible for funding under certain conditions.
Different levels of subsidy are available for various categories of mCHP products and related projects,
depending on their level of efficiency, innovation and carbon saving potential.
Based on discussions with the relevant Government bodies, the Company believes that its BlueGen and
integrated mCHP products will be classed as highly innovative cogeneration systems, and therefore eligible
for a subsidy of 45 percent of the extra cost of the product compared to a conventional reference product.
The subsidy is increased by another 10 to 20 percent for small and medium sized businesses.

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