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Posted 19 March 2006 - 06:39 AM
Posted 19 March 2006 - 04:01 PM
Full 127 page Placing document:
From the website:
Our unique fuel cell design, is based on work done within the leading Australian institution, the CSIRO (Commonwealth Science and Industry Research Organisation), from which the Company spun off in 1992 with the support of many contributing partners before listing on the Australian Stock Exchange in 2004. In that time we improved the design, systems and product configuration of our solid oxide fuel cells, whilst winning an international reputation in our field..............
Ceres Power develops 1 kW micropower fuel stack able to run average home
LONDON (AFX) - AIM-listed Ceres Power Holdings plc said it has successfully
designed, built and tested a 1 kilowatt fuel cell stack generating sufficient
power for the average home.
It said the Ceres Stack is smaller and lighter than a typical car battery.
It is designed to be reliable, robust and economical, lending itself to rapid
mass market uptake.
CEO Peter Bance said: "As concerns grow over rising utility bills, security
of energy supply and how to meet environmental targets, the opportunity for
Ceres to build its business and create further value for shareholders has never
The company said the UK Government has identified micropower generation as a
core technology within national energy policy.
The Ceres Stack incorporates breakthrough savings in size, weight, component
count and production cost, whilst improving product performance, the company
Its technology allows the fuel cells to start up and shut down rapidly and
repeatedly, withstand mechanical shock and have very long lifetimes under
realistic operating conditions.
LONDON (AFX) - Ceramic Fuel Cells made headway, climbing 2-3/4 pence to
29-3/4 after Ambrian Research pointed out the discrepancy in valuation between
the company and Ceres Power.
Ceres recently successfully tested a 1kw fuel cell stack, but CFC has also
developed a 1kw stack that generates sufficient power for the average home.
Unlike Ceres' product, CFC's is being tested by several utility firms and,
as such, Ambrian estimates CFC is three years ahead of Ceres but notes that it
is worth almost 100 mln stg less.
ADVFN: You may be right in your assessment of VLR, but somehow I doubt it.
The difference between VLR and the 'other' quoted fuel cell companies (CWR, CMF, CFU, ITM, PYF, etc) is that these are developing new products, new technology.
Some may be duds, some rocket, as you put it.
VLR is more an 'enabler' taking existing technology and trying to add value by engineering the product.
That at least suggests it will be the tortoise, against one or two hares in the sector.
LONDON (AFX) - Fuel cell technologies company ITM Power PLC said recent cost
reductions achieved with its electrolysers increase the company's prospects of
producing hydrogen at competitive prices.
In a technical update, the company said the 'significant' cost cuts were
achieved by the application of new chemistry advances to the membranes and
catalysts of the electrolyser system, which converts electricity and water into
hydrogen and oxygen.
"This development increases the likelihood that ITM will be able to produce
cost competitive hydrogen," said ITM CEO Jim Heathcote. "We believe that further
cost reductions are possible."
ITM said it has filed patents covering the membrane technology essential to
CMR Fuel Cells Limited is a UK developer of fuel cell stacks for portable and small stationary power generation applications. The company intends to become a leading supplier of fuel cell technology and products, based on its simple but revolutionary stack architecture and through its relationships with other key organisations.
*PolyFuel is currently working with 17 of the leading fuel cell system
developers. 11 are divisions of household brand name consumer electronics manufacturers, and fifteen of the seventeen are now testing or have tested PolyFuel’s fuel cell membrane material. Of the 15, eleven have completed their evaluation testing and all eleven have gone on to purchase PolyFuel’s membrane products. Five of the largest Japanese and Korean consumer electronics companies now rank PolyFuel’s membrane as the best portable fuel cell membrane available in the world today..
*Fuel cell development has historically been held back by inadequate
membrane technology. PolyFuel has changed this by achieving a number of
major breakthroughs with its hydrocarbon membrane technology, which have
involved significant improvements in efficiency and performance over other
fuel cell membrane technologies. PolyFuel has 22 patent applications that
are expected to issue between 2005 and 2007.
Posted 19 March 2006 - 04:44 PM
Posted 19 March 2006 - 05:37 PM
Interesting, CeresPower has some nice fuel cell technology that uses NG in a domestic CHP situation (and LNG in remote power applications), so is competing in this domestic market against Stirling engine technology (also to some extent normal condensing boilers, although these obviously don’t generate electricity). The idea of “clean” in this case must mean “no sulphur” but plenty of CO2, so not specifically a low-carbon technology, or even a sustainable one, but generating “on site” with their technology (and reclaiming excess low-temperature heat for DMW) is probably more efficient then burning the NG in a centralised power station and collecting and shipping the electricity. There is obviously a market opportunity to sell a “Green” CHP bolt-on when UK consumers upgrade their old central heating boilers (UK boiler churn rate is quite high) but the costs again are relatively expensive, depending crucially on supporting grants to be “economic” and it still takes a long time to recover the capital costs.
Posted 19 March 2006 - 09:36 PM
Posted 19 March 2006 - 10:46 PM
I was listening to a radio 4 programme last Tuesday PM discussing the use of sterling engines
Posted 20 April 2006 - 10:18 PM
Posted 20 April 2006 - 10:43 PM
For those wanting an explanation of how the Stirling Engine works, try this link to an educational website which markets miniature versions. The Stirling is a fascinating concept which may yet have its day.
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