Field Fisher Waterhouse advised Ceramic Fuel Cells Limited, a company listed on the London Stock Exchange AIM market and the Australian Securities Exchange (ASX), on a £5 million fundraising.  The fundraising comprised the issuing of secured convertible loan notes for £4.3 million and £0.7 million raised by way of subscription for new ordinary shares.

Ceramic Fuel Cells Limited is a world leader in developing fuel cell technology to generate highly efficient and low-emission electricity from widely available natural gas. Ceramic Fuel Cells Limited has sold its BlueGEN gas-to-electricity generator to major utilities and other foundation customers in Germany, the United Kingdom, Switzerland, The Netherlands, Italy, Japan, Australia, and the USA. Ceramic Fuel Cells Limited is also developing fully integrated power and heating products with leading energy companies E.ON UK in the United Kingdom, GdF Suez in France and EWE in Germany.

The Field Fisher Waterhouse team was led by corporate partner Brad Isaac and supported by associate Edward Westhead. DLA Piper provided advice in Australia.