Thanks for posting the link to the article. Please don't misunderstand where I am coming from, I believe alternative energy has a place in the mix but the article is a self promotion of PV generation. I won't say the figures have been massaged to suit their own aim but why do they look at only 2 isolated days for their figures?
I have PV solar on my roof. I get the 60c FIT and 6c extra from my electricity provider Ausgrid as a bonus. Got the $10000 interest free green loan from the gov. The system returned nearly 18% on my initial investment over the course of last year; very, very happy with my choice to install. BUT on a good day in Summer it can produce up to 18kwH and in Winter in certain conditions have produced less than 1.5kwH. How do we know what conditions were prevalent on the days of these graphs? and are these sort of figures reproduced regularly or are they anomalous?
There has to be a way of producing a 'smoother' supply of electricity; you can't pump electricity into the grid that is filled with peaks and troughs, which is what solar and wind tend to be full of. In this case i think electricity production would be more unreliable than Putin's gas (not the stuff he produces personally). I believe there is still a great opportunity for small scale electricity providers like Bluegen which would provide a smooth delivery of power and heating despite the weather conditions.
One more point. CFU only has to sell around 2500 units per year to 'break even'. That's tiny! Anything beyond that number translates into profit. There should be a market of at least a couple of hundred thousand p/a. In the UK alone they replace approx 1 million boilers providing hot water per year. I still believe there are better days ahead for this company.
Cheers GLB
CFU Price at posting:
9.7¢ Sentiment: LT Buy Disclosure: Held
