CFCL extends patent portfolio
Ceramic Fuel Cells Limited is pleased to announce that it has been granted a new patent in Japan, for a coating used on electrical interconnects in fuel cells.
CFCL believes this innovation can provide a cost-efficient means of reducing the contact resistance within a solid oxide fuel cell stack, which increases the power output of the stack, ultimately leading to lower cost and higher efficiency. The Japanese patent joins patents granted to CFCL for the same invention in the UK, USA, France, Germany, Italy, Australia and New Zealand.
This new Japanese patent gives CFCL a total of 46 granted patents. These are contained in 28 patent families (each family represents a single invention covered in multiple jurisdictions) that have been granted or are in the process of being examined by the various Patent Offices.
These inventions cover many aspects of fuel cell technology and associated balance of plant systems developed by CFCL since 1992, across a range of fuel cell designs and materials. This broad portfolio gives CFCL significant scope to expand its future designs and product options and offers opportunities for future revenue streams.
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Fuel Cell Market to grow to US$15 billion by 2015
According to a new report released last week by Clean Edge, a US-based research firm, the market for fuel cells and distributed hydrogen will grow from US$1.2 billion in 2005 to US$15.1 billion by 2015, with the total market for 'clean energy', including wind, solar and biofuels, reaching US$167 billion.
The 2006 Clean Energy Trends report notes that "at long last, the tipping point is nigh: for the first time in modern history, clean-energy technologies are becoming cost-competitive with their 'dirtier' counterparts".
Clean Edge has issued its annual Clean Energy Trends report since 2002. The free report can be downloaded at www.cleanedge.com.
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The growing appeal of distributed generation has also been noted by UK based New Energy Finance, who in their weekly update on industry developments pointed out that:
"While in the US and UK the development of distributed generation has traditionally been limited to providing power to remote off-grid facilities, the growing cost of power, combined with increased legislative and financial support for renewable energy, has meant that there is increasing interest in the opportunity it provides. Distributed power production in developed markets can lead to reduced losses in long-distance transmission, provide a hedge against increased on-grid prices and provide self-contained, secure power units. ...
Large-scale renewable energy projects may grab the headlines with high investment volumes and good margins, but the market for distributed generation is likely to provide longer ongoing potential for many companies than the incentive-driven utility market. The profits on each project are likely to be small, and there may be difficulties securing turbine or PV module supplies for small orders when demand is strong, but a shift towards embedded generation makes sense even for countries with well-established grids, on grounds of efficiency and reliability. In the rest of the world, where an estimated 2.0bn people still have no access to electricity, the market is likely to grow even faster".
For more detail see www.newenergyfinance.com
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All CFCL announcements are available at ASX's website (click here). (If your browser does not support links, go direct to www.asx.com.au and seach for announcements by CFU.) CFCL's AIM announcements, and current AIM price, is available at www.londonstockexchange.com (code CFU).
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More information about CFCL - including presentations, announcements and images for download - is available at www.cfcl.com.au.
Regards
Andrew Neilson
Legal and Commercial Manager (Company Secretary)
CERAMIC FUEL CELLS LIMITED
Tel: +61 (0)3 9554 2300
Email: investor@cfcl.com.au
Website: www.cfcl.com.au
Ceramic Fuel Cells Ltd (CFCL) is a publicly listed company (ASX / AIM code CFU) and world leader in developing solid oxide fuel cells. CFCL's fuel cells have the potential to meet significant market demand in Europe, UK and Asia for clean, efficient and reliable electricity for use on site and sale back into the power grid. With 100 skilled staff and extensive patented technology, CFCL is pursuing partnerships for manufacture, production and use of its fuel cells in delivering electricity in homes, offices and industry around the world.
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Wednesday, March 15, 2006
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