Voluntary bankruptcy of Ceramic Fuel Cells Ltd., page-9

BlueGen Manufacturers Ceramic Fuel Cells files for bankruptcy
Posted on03/06/2015

Dark times for the BlueGen: While the Australian "Ceramic Fuel Cells Limited" on March 2, announced that the Company's Board has come to the conclusion that either the company is already insolvent, or is on the verge of being insolvent, has also the German Ceramic Fuel Cells GmbH from Heinberg Aachen Local Court to open insolvency proceedings sought.

As a company spokesman told the Energy announced & Management Verlagsgesellschaft, wanted and could CFC-parent "of its German subsidiary in the present situation to provide any further funding for the continuation of business operations." However, the CFC spokesman told E & M stressed that the company " will remain active in the sale and installation service, "this decision lies not with the existing corporate governance: The District Court of Aachen By order of 4 March 2015 Lawyer Jörg Zumbaumappointed provisional administrator of Ceramic Fuel Cells GmbH and safeguards provided (Reference: 92 IN 47/15).

To safeguard the assets was as an interim measure pursuant to § 21 para. 2 no. 2a general prohibition enacted available. Therefore, the management and disposal, exploitation is now available exclusively with the provisional liquidator. Whether Ceramic Fuel Cells "emerge from this difficult situation," with about 40 employees in Heinberg will emerge as expected by the company spokesman, remains to be seen.

Ceramic Fuel Cells has been developing since 1992 fuel cell heating and fuel cell stacks and other components for other manufacturers of fuel cell CHP. The BlueGen fuel cell CHP was introduced to the public in May 2009 and shortly thereafter already been tested in field trials worldwide.The trial in Germany carried out first with 17 modules in the framework of Callux project, which also Vaillantand Baxi Group participate.

As a result of BlueGen field tests, the original target electric power of 2 kW was lowered to 1.5 kW, so that a reasonable lifetime of the fuel cell stack can be achieved.After the top dogs of the heating industry since the early 1990s, the introduction of fuel cells "in a few years," promised to leave without following this oft-repeated promise deeds, Ceramic Fuel Cells broke through lethargy always new research projects in December 2011 with the launch of the BlueGen.


10. CHP Info Day 2014: Lecture BlueGen of Ceramic Fuel Cells

Regardless of the current situation of the company is the product "BlueGen" and be manufactured in Heinberg fuel cell stack "Gennex" the market companions of the cogeneration Infocenter opinion still years ahead: The BlueGen module reaches its electrical rating of 1,500 watts at a heating power of only about 625 watts and thus achieves unmatched by its competitors power to heat ratio of 2.4 at an electrical efficiency of phenomenal 60 percent. With these values, the dream BlueGen by far the most efficient power-generating heating. ( lfs )

More: All items of the CHP Infocenter for BlueGen of CFC

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