More BlueGen units sold, but CRC still in red
BlueGen developer Ceramic Fuel Cells has reported a trebling of income but has still posted a loss for the six months ended December 2011.
CRC has announced a net loss of A$12.5 million for the half, with revenues up to $3.3 million from only $900,000 previously.
Despite the loss there are some encouraging signs for the company, which sold 67 BlueGen units in the half year, up five times on the same period in 2010.
The current order book stands at 476 units, with many orders coming in from the European distribution network that the company spent much of last year establishing. A rise in subsidies in Germany and the UK fo micro power and heating installations have bolstered the prospects for the BlueGen product in Europe.
The BlueGen units convert gas to electricity in the home and in commercial offices.
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