For reasons I have not been able to discover, australian listed Ceramic Fuel Cells rose 300% on Friday to close at AUD 0.60.

What's fascinating is that In terms of its business model, product range and target market, CFC is almost identical to Ceres Power - as discussed below. It is partnering with large utilities like RWE and New Zealand's Powerco, to target the Combined Heat and Power Market, with its fuel cells that run off natural gas.

The promise of domestic CHP fuel cells is to substantially reduce emissions - perhaps by half - compared to a typical hot water boiler and using electricity from the National Grid for the same amount of expended energy.

It used to be thought that it was more a question of if fuel cells would ever come into the home. Now it's looking more like when. There are though two questions that need to be answered;

at what price are consumers ready to buy fuel cells?

and will governments step in to incentivise them?

My guess is that over the next 2 to 3 years we will find out the answers. And Ceres Power and CFC will either be on the road to greatness or the dirt track to nowhere.