Ceres Power launches its bill-cutting boiler

Suzy Jagger
Ceres Power, an alternative energy company set up by scientists at Imperial College London, has launched a scheme to roll out its new fuel-cell boilers, which claim to cut household energy bills by 80 per cent a year (Suzy Jagger writes).
Ceres, in which British Gas holds a 10 per cent stake, for which it paid £20 million, has developed a boiler that uses ceramic inks to turn gas into electricity. The boilers, similar to models widely used in Germany and Japan, generate electricity that is either used within the home or fed into the grid.
Ed Miliband, the Energy Secretary, and Lord Mandelson, the Business Secretary, are pushing through plans that will provide cash incentives to homeowners to buy the boilers. It is hoped the “feed-in tariffs” will be launched in April 2010. British Gas plans to roll out green boilers among ten million domestic and one million business customers in 2011.