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16 Mar 2010 Register / Login F F F
03 Feb 2010

Ceres Power Welcomes the UK mCHP Feed in Tariff

Ceres Power has welcomed yesterday’s announcement by the UK Government of a Feed-in Tariff from April 2010 for residential micro Combined Heat and Power (mCHP), including the company’s own fuel cell mCHP products.

Under the new tariff, a household installing a Ceres Power mCHP product will receive, for a period of ten years, a generation payment of 10p/kWh for all electricity generated plus an additional export payment of 3p/kWh for any electricity that is not consumed in the home and is fed back into the grid.

Peter Bance, the chief executive of Ceres Power, said: “We are pleased that the UK Government has recognised the low carbon benefits of fuel cell micro CHP. We believe this incentive will accelerate the uptake of our low carbon micro CHP products by increasing the financial benefits to households. This will also create green jobs and be a major boost to the UK economy.”

Ceres Power is developing a SOFC mCHP unit.

Source: Fuel Cell Today

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