Introduction to CFCL - Fuel Cell Markets

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� Value for Utilities – Distributed Generation - many benefits over centralised generation – Cheaper baseload power & heat with lower emissions – Widespread micro-CHP deployment can generate strong IRR – Bundled contracts to reduce customer churn � Value for Appliance Partners – Access to new technology – Leverage existing assets and networks into an emerging market � Value for Homeowners – New ‘boilers’ with no up-front capital cost – Discounted power & heat, other incentives from utilities � Value for CFCL – Revenue from selling fuel cell modules – Annuity stream from replacement fuel cell stacks – Control strategic IP to maintain margin / pricing power Creating Value 8
Utility and Appliance Partners � CFCL’s utility partners have >20 million customers � Leading boiler makers � Paloma services >10 million homes in Japan 9
Page 1 and 2: Introduction to CFCL A Company Over
Page 3 and 4: � Introduction � Strategy � D
Page 5 and 6: CFCL supplies fuel cell products fo
Page 7: Micro-CHP - Very efficient, clean,
Page 11 and 12: CFCL Field trial units 2006-07 Comp
Page 13 and 14: � UK Powder Plant - - - Proprieta
Page 15: � Delivering on a clear and focus

Introduction to CFCL - Fuel Cell Markets

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