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Fuelcell Energy announces fuel cell module sales to South Korean partner

Danbury, USA - Fuelcell Energy, Inc. announced the sale of six fuel cell modules totaling 8.4 megawatts (MW) to South Korean partner Posco Energy.

This module sale is in addition to the monthly fuel cell kit shipments under an existing multi-year 122 megawatt order. "South Korea is a strong market for our affordable and ultra-clean distributed power generation solutions as South Korean business and legislative officials value how fuel cell parks address environmental, energy and economic policies," said Chip Bottone, Chief Executive Officer, FuelCell Energy, Inc. "High electrical efficiencies with combined heat and power configurations, modest space requirements and power delivered cleanly and quietly meet the urban power needs of South Korean cities."

South Korea rapidly adopted utility-scale fuel cell parks to benefit from ultra-clean distributed generation that enhances the resiliency of the electric grid, supports economic development, and due to the scale of fuel cell parks compared to residential-size clean distributed generation, provides measurable progress towards South Korean low carbon sustainability goals. Recent market updates include a groundbreaking event was held in October at the site of a 20 megawatt fuel cell park in Seoul City. Furthermore the operation began for the previously announced fuel cell power plant located at a Korea Gas Corporation (KOGAS) owned liquefied natural gas (LNG) terminal in South Korea. In addition, Meiya Power Corporation recently accepted a 5.6 megawatt fuel cell installation, expanding their fuel cell ownership beyond an existing 10.4 megawatt fuel cell park.



Source: IWR Online, 02 Nov 2015

 


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