Ceramic Fuel Cells Releases Cashflow Report for Quarter Ended 31 March 2013

30 Apr 2013



  • Favourable market developments continue to take place in Europe.
  • Targeted commercial customers receive a capital subsidy under the North Rhine Westphalia (NRW) CHP programme of between €9,000 and €13,000 for each CFCL unit.
  • NRW programme generating significant sales interest and enquiries.
  • Alliander becomes a strategic partner in Germany seeking to install up to 600 units in their regional grid operations. Commences with initial generous promotion to customers in addition to NRW capital subsidy.
  • German utility EWE orders 60 integrated mCHP units as it commences final phase of its development and demonstration programme prior to beginning planned commercial distribution in 2014.
  • Project approval received for first deployment of BlueGen in UK social housing sector.
  • Fund raising to provide additional working capital – in principal commitments received at the end of April 2013 for GBP 4.3 million (AUD 6.5 million).

The full report can be downloaded from CFCL's website: Cashflow Report for the March Quarter.

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