Agree Jaluma that there has been plenty of good news but market confidence is current shot on the back of the Eurozone crisis and media commentators warning of potential stock market plunges.
No one is willing to take a punt today. Buy side looks artificially strong due to whoever thinks they'll be picking up 12.6 mill shares at half a cent.
I think Eon is progressing as well as could be expected. This is hardly a negative comment from last months announcement:
Dr Chris Horne from E.ON
“These agreements with Ideal Boilers, CFCL and HOMA Software reflect our ongoing relationship to develop fuel cell based products for the retrofit and new build markets. We are now pleased to commit funding and resources at this critical point in the technology’s commercialisation. The additional help of the FCH-JTI funding to extend our field demonstrations into the EU, and optimise the component and supply chain is a significant step in delivering commercial products, building on CFCL’s market-leading technology. This technology signals that cleaner, more cost-effective energy in the UK home is closer than ever before.”
Should get news on the North American approvals through soon as well.
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