RNS Number : 5995B
Ceramic Fuel Cells Limited
08 January 2015
8 January 2015
Changes to Germany's Incentives for microCHPs
Ceramic Fuel Cells Limited (ASX/AIM: CFU) advises that the German Federal Ministry for the Environment has issued an updated framework for the funding
of microCHP systems. The updated framework provides a higher base funding for smaller units and additional incentives for highly efficient systems, such as CFU's BlueGEN.
of microCHP systems. The updated framework provides a higher base funding for smaller units and additional incentives for highly efficient systems, such as CFU's BlueGEN.
The German Minister for the Environment, Barbara Hendricks, said that microCHP systems' contributions to climate protection are substantial due to their high level of fuel efficiency and flexibility. Highly efficient systems, particularly those with high electrical efficiency, will receive additional funding of up to 85% of the base funding.
Under the revised framework, a BlueGEN unit in Germany could attract EUR3,792 in Federal funding, which is a significant increase from the previous Federal funding of EUR1,567. This Federal funding programme can also be combined with incentives from other Federal or State programmes and/or locally available incentives from councils or utilities. The maximum total funding has now been set at three times the Federal microCHP funding. A BlueGEN customer can therefore receive up to EUR11,376, subject to availability of additional incentives.
could attract EUR3,792 in Federal funding, which is a significant increase from the previous Federal funding of EUR1,567. This Federal funding programme can also be combined with incentives from other Federal or State programmes and/or locally available incentives from councils or utilities. The maximum total funding has now been set at three times the Federal microCHP funding. A BlueGEN customer can therefore receive up to EUR11,376, subject to availability of additional incentives.
CFU welcomes the updated framework as the additional incentives for high electrical efficiency units indicate that products, such as CFU's BlueGEN, support the strategy of the German Ministry for the Environment. This funding programme provides an opportunity for CFU to sell its BlueGEN units into those German States that do not currently offer a specific funding programme.
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