FuelCell Energy and Gyeonggi Green Energy announced that pursuant to a long-term service agreement, GGE has agreed to purchase 42 1.4-megawatt upgraded carbonate fuel cell modules from FuelCell Energy to replace existing fuel cell modules at the Hwaseong Baran Industrial Complex fuel cell power platform, the world’s largest fuel cell power platform, located in Hwaseong-si.

The agreement, which constitutes a significant milestone for supplying clean baseload power to the Korean market, also includes a new seven-year service agreement pursuant to which FuelCell Energy will service the fuel cell modules. Under the terms of the agreement, the company expects to receive approximately $160 million of revenue over the term of the agreement.

The Hwaseong Baran Industrial Complex fuel cell power platform, which was established in 2013 with FuelCell Energy’s design and technology, has the capacity to produce 58.8 megawatts of electricity from 42 fuel cell modules that can provide power to about 135,000 homes and generate about 250 billion kilocalories of hot water for heating approximately 20,000 homes annually.

The Hwaseong Baran Industrial Complex fuel cell power platform, which was established in 2013 with FuelCell Energy’s design and technology, has the capacity to produce 58.8 MW of electricity from 42 fuel cell modules.

Through this agreement, GGE joins Noeul Green Energy Co., Ltd. and Korea Southern Power Company Ltd. in receiving superior service from FuelCell Energy, whose technology is deployed across South Korea producing more than 100 megawatts of clean electricity without combusting fuel.

In 2019, Korea announced its Hydrogen Economy Roadmap, which includes a goal to supply 15 gigawatts of power from fuel cells by 2040. Emission-free fuel cells support the country’s efforts to mitigate a national problem of fine dust or particulate matter in the atmosphere from transport exhaust fumes, industry, and the jet stream.

FuelCell Energy’s range of clean energy solutions can contribute to the Korean clean energy targets by providing products that reduce carbon emissions from power generation and produce hydrogen based on two electrochemical platforms: carbonate and solid oxide.

Power Generation: Carbonate and solid oxide platforms support power generation and combined heat and power applications, and are fuel flexible using a variety of fuels including hydrogen, hydrogen and natural gas blends, biogas, renewable natural gas, and natural gas. For example, the company announced recently a new biogas project at a California wastewater treatment plant where carbonate fuel cell technology will convert gas from wastewater into electricity on site. The fuel cells utilized in these platforms react fuel electrochemically without combustion.

FuelCell Energy’s platforms are also scalable, and the company has deployed the largest fuel cell parks in the world. Servicing GGE’s 58.8 MW carbonate power platform will further demonstrate FuelCell Energy’s ability to support large scale applications including the large-scale power and cooling needs of data centers.

Distributed Hydrogen and Power Generation: FuelCell Energy’s recently unveiled Tri-gen system, commissioned by Toyota Motor North America and operated and serviced by FuelCell Energy, is fueled by directed biogas from California and is powering the automotive company’s largest port facility in North America.

Carbon Capture: FuelCell Energy’s carbonate fuel cells are behind the only carbon capture technology on the market that can capture CO₂ emissions directly while producing electricity and hydrogen simultaneously. FuelCell Energy is working with ExxonMobil on the next generation of this technology for use in large industrial settings.

Electrolysis: The company’s solid oxide fuel cells power electrolyzers that can supply hydrogen with up to 100% efficiency.

In June, the company will host current and prospective customers in Korea to highlight the breadth of its clean energy offerings that can help to support the goals of the Hydrogen Economy Roadmap.