Small-scale energy generation company Ceramic Fuel Cells looks to be making good on its August promise to boost sales of its flagship BlueGEN gas-to-electricity generator, this time tapping the northern European market. The ASX-listed company – whose recent focus has been on the German and UK markets, taking advantage of their respective clean energy subsidies – said in its quarterly cashflow report on Friday that it expected a minimum of 1,000 BlueGEN-CHP units, worth more than $A30 million, to be sold in the Baltic States and Scandinavia over the next two years, under last year’s agreement with Synergy International. That same month, the company also received an order for 45 BlueGENs to be installed on the Dutch island of Ameland, as well as an order for 5 BlueGENs from Liander , in the Netherlands.
Ceramic announced operating cash outflow for the December quarter of $A1. 22 million, compared to $A6 million the previous quarter, and $A6.2 million for the June 2013 quarter. The Company received a tax refund of $4.02 million for its research and development expenditure for FY2013 in November, making the operating cash outflow before the tax receipt $A5. 24 million. As can be seen in the pie chart below, Germany remains the company’s biggest customer.
Big winds lift Infigen
Australian renewables group Infigen Energy announced its results for the three months ended 31 December 2013, reporting on Friday a Q2 FY14 group production of 1,233GWh – an increase of 1 per cent, or 18GWh, on the prior corresponding period (pcp). The result was boosted by Australian production, which was up 8 per cent on the pcp, to 415GWh for the quarter – a result largely credited to favourable wind conditions. Infigen’s Australian revenue was also up 8 per cent, to $A38.9 million, adding to a total group revenue of $A77.9 million for the quarter, a 10 per cent increase on the pcp.
For the half-year (H1 2014), Infigen’s group production was 2,242GWh, up 4 per cent on the pcp. Australian production was 906GWh, up 12 per cent on the pcp. H1 2014 group revenue was $A149.3 million, up 11 per cent on the pcp, thanks largely to an 11 per cent increase in the company’s Australian revenue from the corresponding period last year, to $8A4.9 million. Infigen said its Australian revenue increase primarily reflected higher production partially offset by lower Large-scale Generation Certificate prices. The company will release its FY14 interim financial results (H1 FY14) on February 26, 2014.
