Ceramic Fuel Cells (LON:CFU) is a leading developer of solid oxide fuel cell technologies dual listed on the London AIM Market and Australian ASX Market. The company is developing micro heat and power (mCHP) and distributed generation units to generate clean heat and electricity for homes from natural gas. Yesterday morning the company made two announcements that show how both the business and the climate surrounding the adoption of these technologies is progressing. We spoke to Andrew Neilson (Group General Manager - Commercial), on the phone to Melbourne about these announcements and on the general outlook for Ceramic Fuel Cells.

Over the last six months the company has started taking orders for it’s BlueGen fuel cell generator recording 17 orders as of the last quarterly cashflow report on April 29th and a further 30 a day later. The first of these BlueGen units was delivered to VicUrban, the Victorian government’s residential housing developer. Yesterday the company announced that the unit is performing as expected. It’s generating about twice the amount of power used by the average home in Melbourne on an annualised basis.

Q. Before we go onto more general questions, can you comment on today’s update about the VicUrban installation? [1]

“VicUrban is responsible for managing new residential developments in Victoria and as a government body they also have a mandate to encourage energy efficiency, sustainability and emerging technologies. They are putting three BlueGen units into their sites, the first was commissioned in this housing development at the end of April... and it’s running and performing well at an electrical efficiency of 58%.

“We are starting to deliver and install orders taken over last 6 months, which will continue progressively over next month or two. We have the beginnings of a mini production line out here and are starting to ship some units, some have been installed in Germany. Generally speaking we won’t give updates to the market when each unit has been installed, but as this was the first we wanted to give people an update but for future units we will just include an update in our quarterly update.”

Q. Can you comment similarly on the second announcement?  [2]

“It’s a bit more general and of more interest to our Australian shareholders. The Federal Government had tried to introduce a carbon…

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