Last summer an EU Court of Justice ruling relating to the reduced VAT rate on green energy products hit the share price of Aim-traded Flowgroup (FLOW). The group was forced to announce that without this lower tax rate it would have to delay the launch of its electricity producing boiler, Flow mCHP. Ten months later the group seems to be back on track as it has announced that it will finally start to install its boilers this week.
The announcement comes alongside more good news that the Flow mCHP has been awarded Microgeneration Certification Scheme accreditation. This means that electricity generated from the boiler will qualify for the government Feed-in Tariff scheme, which provides payments for the use of green electricity generation technologies in the home.
