(MENAFN - ProactiveInvestors - Australia) Ceramic Fuel Cells (ASX: CFU, AIM: CFU) has signed a distribution agreement with energy services company (ESCo) iPower Energy for the use of Ceramic's BlueGen units in social housing in the UK.
The BlueGen units use fuel cell technology to convert natural gas into electricity and heat for homes and other buildings.
Each BlueGen unit can save up to four tonnes of carbon per year in low carbon homes in the UK when running of natural gas, and around twice this amount when using directed biogas purchased over the mains gas grid.
The peak electrical efficiency of BlueGen is up to 60%, far higher than any other small scale generating technology in the world. With the added benefit of heat, total efficiency is up to 85%.
Ceramic Fuel Cells has granted iPower a limited exclusivity on the basis of minimum deliveries of 200 BlueGen units during 2013 and a further 200 BlueGen units during 2014.
The exclusivity is limited to the use of BlueGen to provide ESCo services within the social housing sector in the UK.
iPower is a UK developer of low carbon projects working with a range of technologies to reduce both energy bills and carbon emissions.
The company can offer discounts on electricity tariffs to social housing tenants where BlueGen is installed.
Installations are offered on a turnkey basis and can be fully funded by iPower who will also supply power and heat to tenants in place of existing suppliers.
iPower's AIM is to make clean energy affordable to everyone and return maximum benefits to property owners and tenants. A majority of its profits are used to help combat fuel poverty and climate change.
The agreement with iPower reflects an increased emphasis for Ceramic Fuel Cells on the deployment of BlueGen in the social housing market, a sector where the cost savings associated with BlueGen's high electrical efficiency can have most effect.
This is particularly the case in apartment blocks where the electrical output from one BlueGen can be shared between up to four apartments.