cfu signs first commercial agreement for blueg

http://www.proactiveinvestors.co.uk/companies/news/8711/ceramic-fuel-cells-signs-first-commercial-agreement-for-bluegen-generator-8711.html

Ceramic Fuel Cells (AIM, ASX: CFU), which manufactures power products for homes, announced its first commercial agreement with an Australian energy utility, which has agreed to install its BlueGen gas-to-electricity generator in a showcase sustainability home.

The BlueGen unit will be supplied for a six month demonstration starting in February next year and will be connected to the existing natural gas pipeline and the power grid, generating electricity for the house and heat for its water system.

The company said a BlueGen unit can produce up to 17,000 kilowatt hours of power per year, which is twice the amount of electricity consumed by an average household, and cut a home’s carbon dioxide emissions by up to 12 tonnes a year compared to New South Wales’ current black coal generators and by almost 18 tonnes a year compared to Victoria’s brown coal generators.

Ceramic Fuel Cell said its technology uses 95% less water than brown coal-fired generators and was forecast to generate electricity up to 40% cheaper than current retail price when deployed in volume