Friday, 19 December 2014
RNS Number : 1101A
ITM Power PLC
18 December 2014
18 December 2014
ITM Power plc
("ITM Power" or "the Company")
ITM Power (AIM: ITM), the storage and clean fuel company, is pleased to announce that it has secured a second commercial contract from AMEC Foster Wheeler plc ("AMEC") and National Grid plc ("National Grid") to create the business case for widespread deployment of Power-to-Gas energy storage technology to reduce the energy losses in the gas network.
This second follow-on project will build on the Phase 1 Technical Feasibility and identify specific sites on the gas network where Power-to-Gas can be most advantageously deployed. This will reduce energy losses and increase system efficiency for the UK gas network. AMEC, a tier 1 supplier to National Grid will lead the project and continue to provide a third party assessment of the benefits.
Dr Graham Cooley, CEO of ITM commented: "ITM Power is delighted to be working with National Grid and AMEC on the next phase of this implementation. We are all very encouraged by the project findings so far and the objective now is to identify the sites best suited to installing Power-to-Gas equipment. We are solving a problem common with all gas networks and there is very significant market potential in the UK and worldwide."
RNS Number : 9813Z
Ceramic Fuel Cells Limited
17 December 2014
Wednesday, 17 December 2014
Ceramic Fuel Cells Limited (AIM / ASX: CFU) announces that as part of its remuneration review it has issued equity to staff under the CFCL Directors and Benefits Plan ("Equity Plan").
Under the Equity Plan, approved by shareholders in October 2012, the Board offers equity to staff as an important component of remuneration. Based on the Board's assessment of the performance against agreed milestones through to 30 June 2014, the Board has issued 49,420,875 ordinary shares (the "New Shares") and 77,743,557 unlisted options to certain employees. The New Shares represent approximately 1.8 percent of the Company's existing issued capital.
Approximately one third of the shares issued to staff are subject to an escrow agreement for two years meaning that, if the staff member leaves the Company within that time, they forfeit their remaining unvested shares (subject to Board discretion).
One third of the share issued to staff have a two year waiting period before they vest. All of the options have a 10 year life and an exercise price of 1.85 Australian cents (A$0.0185).
Details of the New Shares and options issued are also set out in the Appendix 3B filed with the ASX as at the date of this announcement, and also available on the .
The Company has made application for the admission of the New Shares to trading on AIM. It is expected that admission to AIM will commence at 8:00 a.m. on 22 December 2014.
The New Shares will rank pari passu in all respects with the other ordinary shares currently in issue.
Following admission of the New Shares, the number of ordinary shares with voting rights in the Company is now 2,849,844,711. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest, their shareholding in the Company.
Monday, 24 November 2014
Toyota Launches the Mirai Fuel-Cell Electric Car in Japan on 15 December, 2014, and in the US and Europe in mid-2015.
ITM Power (AIM: ITM), the energy and clean fuel company, is pleased to note that the world's largest carmaker, Toyota, announced that it will begin selling fuel-cell electric cars in Japan on 15 December, 2014, and in the US and Europe in mid-2015.
The Toyota Mirai, which means Future in Japanese, is a ground breaking vehicle which has the cruising range of a conventional saloon, can be refuelled in less than five minutes and emits only water vapour. Hydrogen can be produced from a wide variety of primary energy sources including solar and wind ; it is easy to store; and when compressed it has a higher energy density than batteries.
Mirai uses the Toyota Fuel Cell System (TFCS), which brings together fuel cell and hybrid technologies. It includes Toyota's new proprietary fuel cell stack, which has a maximum power output of 153bhp (114kW), and high-pressure hydrogen tanks. The TFCS is more efficient than internal combustion engines and emits no CO(2) or pollutants when the vehicle is driven.
The biggest hurdle for fuel-cell electric vehicles (FCEVs) is a lack of hydrogen refuelling stations. To support Mirai's introduction to the US in 2016, Toyota is to supply 12 state-of-the-art hydrogen stations in New York, New Jersey, Massachusetts, Connecticut and Rhode Island. The UK Government also announced last month that it is preparing the UK for the roll-out of hydrogen fuel-cell electric vehicles with up to GBP11m of funding to establish an initial network of up to 15 hydrogen refuelling stations by the end of 2015 and 65 refuelling stations soon after.
Toyota are also part of the HyFive project which sees ITM Power building three refuelling stations in London ready for refuelling in Q2 2015. The aim of the HyFive (Hydrogen for Vehicles) project is to speed up the introduction hydrogen-powered cars in Europe. The group is a partnership of 15 vehicle manufacturing and energy providing businesses who are joining forces to help ensure a co-ordinated deployment of fuel cell vehicles, in conjunction with establishment of the refuelling and fuel supply infrastructure they will require. Toyota, BMW, Daimler, Honda and Hyundai will be responsible for delivering a fleet of 110 vehicles to six European cities: Bolzano, Copenhagen, Innsbruck, London, Munich and Stuttgart.
Fuel-cell electric vehicles are an important contribution to the diversification of vehicle fuels. They emit no carbon dioxide or substances harmful to the environment when driven, but still offer the convenience associated with petrol-powered vehicles. Toyota believes this technology has great potential in the development of vehicles that are kinder to the environment and ideal for helping to deliver sustainable mobility.
A video of the launch is available at http://newsroom.toyota.co.jp/en/detail/4187696/ In the video, Mitsuhisa Kato, Executive Vice President, Toyota Motor Cooperation makes the following points:
-- "Toyota does not intend to enter directly into hydrogen station on its own, but if there are any areas in which to cooperate in terms of operating such infrastructure we are willing to extend any cooperation we can."
-- "We would welcome good public discussion as to way of manufacturing hydrogen. We would welcome that very much given the depreciation of the Japanese Yen, it has caused oil to become very expensive."
-- "Energy policy is forcing us to look at alternative primary energy sources to produce hydrogen. So to trigger that discussion to take place more broadly we are making our own proposal, by introducing fuel cell vehicles to the market."
-- "We have to spend money outside Japan to buy in oil and energy which means we need to use it as efficiently as possible. We need to consider other fuels for automotive use. When we look at producing hydrogen from various primary energy sources we must be ready to embrace fuel cell vehicles."
Graham Cooley, CEO, ITM Power PLC, commented: "We are delighted see the world's largest car manufacturer committing to a clean energy future. Toyota also understands the importance of supporting the development of a new hydrogen infrastructure globally alongside the roll-out of their groundbreaking new vehicle. I believe that the hydrogen fuel-cell vehicles are now one step closer to becoming the mainstream."
Takeshi Uchiyamada, Chairman of Toyota, commented: "We are so focused on hydrogen because at its most simplistic oxygen and hydrogen makes water and power. The fuel cell vehicle is a social and economic gamechanger. Gasoline (petrol) has been the primary fuel of the first hundred years. Hydrogen will be the primary fuel game of the next hundred years. Our primary task is to provide our customers with fuel-cell cars at an affordable price."
Akio Toyoda's, CEO of Toyota Motor Corporation, said earlier: "Today we are at a turning point in automotive history. A turning point where people will embrace a new, environmentally-friendly car that is a pleasure to drive. A turning point where a four-door sedan can travel 300 miles on a single tank of hydrogen, can be refueled in under five minutes and emit only water vapour. We believe that behind the wheel of the Mirai, we can go places we have never been, to a world that is better, in a car that is better. For us, this isn't just another car. This is an opportunity - an opportunity to really make a difference. And making a difference is what Toyota is all about."
For further information please visit www.itm-power.com or contact:
RNS Number : 7746X
Ceramic Fuel Cells Limited
24 November 2014
Monday, 24 November 2014
Results of Pro Rata Renounceable Rights Issue
Ceramic Fuel Cells Limited (ASX: CFU) ("") announces the total amount raised in its renounceable pro-rata entitlement offer announced on 29 September 2014 ("Rights Issue") is AUD 1,770,052.75 million (before expenses). Together with existing cash reserves this will give the Company cash of approximately AUD 5 million.
196,672,080 fully paid ordinary shares ("New Shares") were subscribed for by on a 3 for 5 basis at the issue price of 0.90 cents per New Share. This represents approximately 13 percent take up of the Rights Issue.
In accordance with the terms of the prospectus dated 29 September 2014 ("Prospectus"), the Company will grant participating investors one option to subscribe for a new fully paid ordinary share in the Company for every two New Shares issued, which options shall be exercisable on or before 30 October 2015 at an exercise price of 1.1 cents each ("Options"). The Company will grant 98,336,040 Options in with the Rights Issue. If all of the Options are exercised by the exercise date, the Company will raise a further $1,081,696.
As outlined in the Prospectus, the Company appointed Patersons Securities Limited as nominee to sell the entitlements of ineligible shareholders. There were no net proceeds from the sale of such entitlements and hence there will be no distribution to ineligible shareholders.
have been made for the New Shares and Options to be quoted on ASX and it is expected that dealings in the New Shares and Options on ASX will commence on 27 November 2014.
Mr Alasdair Locke
Chairman, Ceramic Fuel Cells Limited
Friday, 21 November 2014
21 November 2014
Ceramic Fuel Cells Limited
("CFCL" or the "Company")
Ceramic Fuel Cells Limited (AIM / ASX: CFU), a leading developer of generators that use fuel-cell technology to convert natural gas into electricity and heat for homes and other buildings, announces that application has been made for the admission of 21,442,500 ordinary shares of no par value in the Company ("Ordinary Shares") to trading on AIM ("Admission") as agreed under the terms of the Share Purchase and Convertible Agreement with Bergen Global Opportunity Fund, LP (the "Investor"), the full details of which can be found in the announcement released on 24 March 2014.
It is expected that Admission will become effective and in the new Ordinary Shares will commence on AIM at 8.00 a.m. on 26 November 2014.
The new Ordinary Shares rank pari passu in all respects with the other Ordinary Shares currently in issue.
The number of Ordinary Shares with voting rights in the is now 2,603,682,789. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, their shareholding in the Company.
Wednesday, 19 November 2014
RNS Number : 1456X
Ceramic Fuel Cells Limited
17 November 2014
17 November 2014 First fully funded BlueGEN programme in conjunction with iPower Ceramic Fuel Cells Limited (ASX/AIM: CFU) is pleased to announce the commencement of the first fully funded BlueGEN programme, where the BlueGEN is installed at no cost to the end user. The programme, comprising a 100kW fleet of BlueGENs (a minimum of 65 units) is targeted primarily at public sector organisations that can take advantage of the significant carbon and energy savings BlueGEN has to offer. The innovative funding structure allows BlueGENs to be installed in end user premises at no upfront cost. End users pay for the costs of gas and BlueGEN maintenance and receive the benefits of the electricity generated and the heat recovered for hot water. This programme has been developed and will be run by one of CFCL's UK distributors, iPower Energy Limited (iPower). iPower has also confirmed its interest in developing a second, larger programme with CFCL in the second half of calendar year 2015. These discussions will include various new appraisals and opportunity pipeline assessments which are expected to take place in parallel with the delivery of this first programme. The terms of the agreement signed with iPower are conditional on drawdown from a facility provided by a 3(rd) party funder. iPower will make a deposit of GBP350,000 (A$636,000) which is expected to be received by CFCL early in December. In order to meet the criteria imposed by the 3(rd) party funding provider, iPower has secured formal confirmations of interest from participating end users for a majority of the installations. Bob Kennett, CEO of CFCL, commented, "Earlier this year we announced our intention to revise our sales strategy in order to focus primarily on larger scale projects. We are very pleased to see the first of a number of projects of this type come to fruition. It clearly demonstrates the commercial viability of this contractual structure whereby 3(rd) party funding is used to support the project and provide end users with attractive benefits." Jon Cape, MD of iPower, commented, "iPower is delighted to be working with CFCL on this ground-breaking initiative. The programme is able to provide customers with net savings of 20-40% on the cost of energy displaced by the BlueGEN with no upfront cost and we see strong potential to progress to a substantially larger Stage 2 Programme for which we are already in dialogue with prospective funding partners."
Thursday, 13 November 2014
- - Levert het hoogste rendement voor de laagste kosten
- - De LE-450 windturbine kan uitgangen van 450W leveren
- - Het verminderen van de belasting van de draagconstructie en het makkelijker maken om te installeren op hoge masten in moeilijke locaties
- - Lage akoestische emissies van de geavanceerde aërodynamisch blade design
- - Aluminium legering en roestvrij stalen onderdelen zijn beschermd tegen de elementen met luchtvaartlegeringen coatings en anodiseren
- - alles wordt uitgelegd in de uitstekende handleiding met gedetailleerde schriftelijke uitleg en diagrammen
- - De LE-450 bouwt voort op het erfgoed van het ontwerpen van robuuste en betrouwbare windturbines van het bedrijf
- - Ondersteund door een uitstekende klantenservice van Leading Edge Turbines in het Verenigd Koninkrijk of een plaatselijke dealer
LE-450 Technische specificaties:: 1 meter : 5-Blade upwind : Glass Reinforced, UV bestendig Nylon : 105 watt @ 8 m / s (17.8mph / 15,5 knopen) : 450 watt : 3m / s (6.7mph / 6 knopen) None : 8kg : Directe aandrijving, axiale flux, 8 polige permanent magneet generator 3-fase AC met rectificatie : 12V, 24V, 48V, Grid-tie 0-2000 RPM 0.785m² T 6 dB (A) boven de achtergrond 48.3mm of 50mm buitenste mastdiameter aluminium legering chassis, aerospace kwaliteit oppervlakteafwerking, geëpoxeerd statorrollen, sealed for life lagers Stall regulering Elektromagnetische remmen schakelaar Heavy duty Sleepringsamenstel, 1043mm draaicirkel
- - Proporciona la mayor producción al menor costo
- - El aerogenerador LE-450 puede ofrecer salidas de 450 W
- - La reducción de la carga sobre la estructura de soporte y lo que es más fácil de instalar en altos mástiles en lugares difíciles
- - las emisiones acústicas de baja desde el diseño avanzado de la hoja de perfil aerodinámico
- - los componentes de aleación de aluminio y de acero inoxidable están protegidos de los elementos con recubrimientos de grado aeroespacial y anodizado
- - Todo se explica en el manual de usuario excelente, con explicaciones y diagramas detalladas por escrito
- - El LE-450 se basa en la herencia de diseño de aerogeneradores robustos y fiables de la compañía
- - Respaldado con excelente servicio al cliente de las principales turbinas Edge en el Reino Unido o un distribuidor local