4 March 2010 Ceramic Fuel Cells Limited INDUSTRY NEWS
CSIRO predicts huge market for Distributed Generation
o The Australian Government research organisation, CSIRO, has released a detailed study of the value proposition for distributed energy in Australia. o The study estimates the value of wide-scale uptake of distributed energy in Australia could be worth as much as A$130 billion in today's money by 2050.
Australian Academy of Science Calls for Fuel Cell Feed-in Tariff
o The Australian Academy of Science has released a report on Australias Renewable Energy Future. o The report includes a strong endorsement of the need to transform Australias energy system, and the role for highly efficient fuel cell generators. o The report recommends several options for encouraging the deployment of fuel cell products, including a national system of feed-in tariff rates for combined heat and power (CHP) domestic generation.
ACT Government - Electricity Feed-in Tariff Consultation
o The Australian Capital Territory (Canberra, for our overseas readers!) introduced a feed-in on 1 March 2009. The ACT Government is currently consulting on the possible expansion of the scheme. o Ceramic Fuel Cells has made a submission, calling for the scheme to be expanded to require electricity retailers to buy back power exported to the grid from small scale, low emission technologies like fuel cell generators, on a 1 for 1 feed in tariff equal to the retail electricity price. The full industry news release is available on our website www.cfcl.com.au
Ceramic Fuel Cells in the Media
There has been a lot of PR recently about US company Bloom Energy. Bloom have been around for about 8 years (they usedto be called Ion America) but have only recently come out of 'stealth' mode.
Bloom is also developing solid oxide fuel cell products, but for a different application and target market: Bloom is making large (100kW) units for commercial and industrial installations; we are focused on small generators (1-2kW) for residential markets. It is quite difficult to scale fuel cells up and down between these market segments. Fuel cells are a bit like batteries: they are best suited to certain sizes (eg a watch battery cannot be scaled up to power a car or vice versa). We think its good news that Bloom has generated a lot of media attention. They can help educate the media, policy makers and the general public about fuel cells and the enormous benefits of distributed generation. Here are a couple of media stories on Ceramic Fuel Cells and Bloom: http://www.abc.net.au/environment/articles/2010/03/02//2834579.htm
All CFCL announcements are also available at ASX's website (If your browser does not support links, go directto www.asx.com.au and search for announcements by CFU.) CFCL's AIM announcements, and current AIM price, is available at www.londonstockexchange.com(code CFU).
More information about CFCL - including presentations, announcements and images for download -is available at www.cfcl.com.au
Regards,
Andrew Neilson Group GeneralManagerCommercial CERAMIC FUEL CELLS LIMITED Tel: +61 (0)3 9554 2300
