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investors, and we are also delighted to welcome a number of new institutions. ' CFCL is developing SOFC products for micro combined heat and power (m-CHP) and distributed generation units that generate electricity and heat for homes, with leading appliance partners and utility customers in Germany, France, the UK, Netherlands and Japan. The extra funds will allow CFCL to continue work to integrate its fuel cell products with conventional condensing boilers.
Meanwhile, AFC Energy says that some of the proceeds from its placing will be used to provide operating capital for the completion and installation of its demonstartion systems at Akzo Nobel's Bitterfeld site in Germany [FCB, March 2007, April 2008], and for the development of AFC Energy's 50 kW system.
'The chlorine industry, which is familiar with our type of technology, remains a very important market for AFC Energy,' says Gerard Sauer, the firm's chief executive. He adds that shipments will commence to its first customer, Akzo Nobel, in August, and that the company will identify and secure reliable third-party suppliers to provide low-cost plastic moldings. It will also shortly begin working with a manufacturing partner to assemble the final product.
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