AIM-listed generators developer Ceramic Fuel Cells (CFCL) and energy services company iPower Energy (iPower), have received the go ahead for a housing association project.
The project will involve participating tenants of Housing Solutions, a housing association located in Maidenhead, England.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
BlueGen units use ceramic fuel cells to turn natural gas into electricity as well as heat for hot water for homes, schools, offices and small commercial buildings.
According to CFCL, each BlueGen unit can save up to four tonnes of carbon per year in low carbon homes in the UK when running off natural gas and around twice this amount when using directed biogas purchased over the mains gas grid.
CFCL reported that iPower expected to replicate the project with housing associations across the country.
Bob Kennett, Chief Executive Officer of CFCL said: "We are delighted to see iPower making its first purchase and we look forward to continuing to develop our presence in the social housing sector in the UK."
CFCL's share price was down 2.70% to 4.50p at 14:22 on Tuesday.
MF
-
DIY pension investors take tax-free cash amid switch to ISAsSelf-invested personal pension (SIPP) investors are rushing to withdraw their tax-free cash and turning to ISAs amid fears of a pension tax raid in the Autumn Budget
-
12 ways pensions could be reformed in Budget – including an alternative to charging IHTPension savers could face new rules after the Budget if chancellor Rachel Reeves targets their pots to fill her own fiscal black hole – what potential pension changes could be on the way?
