Shares in Ceramic Fuel Cells Ltd (ASX:CFU) jumped in early trade after the company announced it had sold 25 of its BlueGen gas to electricity units to Ausgrid.
The units will be installed in homes in Newcastle as part of Ausgrid’s $100 million “Smart Grid, Smart City” project, funded by the Australian government.
Ceramic Fuel Cells says it is the second largest BlueGen order it has received.
The news comes just one week after Ceramic Fuel Cells said it had signed its first UK distribution agreement to market, sell, install and service BlueGen units in the UK.
Shares in Ceramic Fuel Cells were over 9 per cent stronger this morning, trading at $0.12.
In the first half of the 2011 financial year, Ceramic Fuel Cells recorded an $8.4 million net loss.
