Thursday, 21 July 2011

German Government approves funding for 200 unit order

20 July 2011

Ceramic Fuel Cells Limited (AIM/ASX: CFU), the world's leading developer of high efficiency and low emission power products for homes and other buildings, is pleased to announce that the German Government has formally approved funding for an order of up to 200 Ceramic Fuel Cells' integrated power and heat generators from German energy service provider EWE.

The previously announced order from EWE is the largest order the Company has received, with total revenue of up to EUR 4.9 million over two years. Part of the funding for the order is being provided by the German government's national hydrogen and fuel cell technology innovation program.

Ceramic Fuel Cells is supplying the core Gennex fuel cell module and related components to its local manufacturing partner, Gebruder Bruns Heiztechnik GmbH, which is integrating the fuel cell module with a boiler into an integrated power and heating product for supply to EWE. EWE will then install the units in homes in the Lower Saxony region in northern Germany.

EWE is the Company's longest standing utility customer and one of the largest and most innovative utilities in Germany, with 6,400 staff and revenues of EUR 5.8 billion. Based in Northern Germany, EWE also has operations in other German states as well as Poland and Turkey.

Apart from the project in Germany with EWE, the Company is also developing and deploying integrated mCHP units in France and the United Kingdom, and has sold its BlueGen modular power and heating products in Europe, Japan, Australia and the USA.

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