FuelCell Energy Highlights Performance of 20 Megawatt Fuel Cell Park with Korea Southern Power Company
July 03 2019 - 8:34AM
FuelCell Energy, Inc. (Nasdaq: FCEL), a global leader in
delivering clean, innovative and affordable fuel cell solutions for
the supply, recovery and storage of energy, recognized the
performance achievements of the 20 megawatt Korean Southern Power
Company (KOSPO) fuel cell park in Incheon, South Korea, as the
installation reached its one year anniversary of operation on June
30, 2019. The fuel cell park, owned by KOSPO, consists of
eight SureSource 3000™ power plants, manufactured and maintained by
FuelCell Energy producing electricity and thermal energy to support
a district heating system adjacent to the existing 1.8 gigawatt
Shin-Incheon combined cycle power plant. Construction began in late
2017 and the facility became fully operational in 2018. FuelCell
Energy operates and maintains the plants under a long-term service
agreement and exceeded all contracted output requirements for the
first year of operation, namely electrical output and heat
production by approximately 22% and 26%, respectively.
“We are very pleased with the performance of the 20 megawatt
fuel cell park,” said Jennifer Arasimowicz, Interim President &
Chief Commercial Officer, FuelCell Energy, Inc. “In addition to
consistently exceeding power and heat output requirements since its
commercial operation date, the installation is an ideal application
for demonstrating the capabilities of our carbonate fuel cell
technology to solve the utility scale clean power needs of the
Korean market.”
Korea Southern Power Company, a wholly owned subsidiary of Korea
Electric Power Company (KEPCO), operates 9.1 gigawatts of gas and
coal-fired power plants, supplying electricity to commercial and
residential customers in South Korea. Government-owned, KOSPO
also undertakes power plant development engineering in Asia, the
Middle East and South America.
“FuelCell Energy’s fuel cell power plants have been successfully
operating and we are very pleased with the result. Timely
execution of preventive maintenance, 24-hour monitoring, and the
on-site response of FCE’s service team with FCE’s high level of
technical capability and support contributed to keeping the
excellent condition of the facility,” said the Future Growth
Business Team of Shin-Incheon Combined Cycle Power Plant
Division. “We appreciate all the effort of FCE staff who have
always maintained the integrity and ownership of this operation and
we hope to see the continuing success of the phase1 of KOSPO
Shin-Incheon fuel cell for the remaining 19 years.”
Hanyang Industrial Development Co., Ltd. (HYD), a leading global
construction company, provided the engineering, procurement and
construction services for the project. “We are pleased with
the success of this important project for KOSPO and FuelCell
Energy. Fuel cell projects, such as this 20 megawatt solution, are
a perfect application of our expertise, while delivering a unique
solution for South Korea’s increasing use of clean energy sources,”
said Kee Wook Lee, President and Chief Executive Officer, Hanyang
Industrial Development Co., Ltd..
Fuel cells are addressing the energy, environmental and economic
goals of Korea. High population density with limited land
requires highly efficient and affordable power that can be located
near where the power is used. The virtual lack of criteria
pollutants and low carbon footprint of fuel cells combined with
affordable economics and minimal space needs have led to
significant fuel cell adoption by Korean utilities and independent
power producers. With high availability and capacity factors, fuel
cell power plants make meaningful contributions to Renewable
Portfolio Standard targets.
SureSource™ power plants solve energy, environmental and
business-related power generation challenges by providing
ultra-clean, efficient and reliable distributed power
generation. The fuel cells combine a fuel such as renewable
biogas, directed biogas or clean natural gas with oxygen from the
ambient air to efficiently produce ultra-clean electricity and
usable high quality heat via an electrochemical process. Customers
benefit with operating cost reductions delivered in a manner that
supports sustainability goals and enhances power reliability.
With high availability and capacity factors, fuel cell power plants
make meaningful contributions to Renewable Portfolio Standard
targets.
About FuelCell EnergyFuelCell Energy, Inc.
(NASDAQ: FCEL) delivers efficient, affordable and clean solutions
for the supply, recovery and storage of energy. We design,
manufacture, undertake project development of, install, operate and
maintain megawatt-scale fuel cell systems, serving utilities and
industrial and large municipal power users with solutions that
include both utility-scale and on-site power generation, carbon
capture, local hydrogen production for transportation and industry,
and long duration energy storage. With SureSource™
installations on three continents and millions of megawatt hours of
ultra-clean power produced, FuelCell Energy is a global leader in
designing, manufacturing, installing, operating and
maintaining environmentally responsible fuel cell power
solutions. Visit us online at www.fuelcellenergy.com and
follow us on Twitter @FuelCell_Energy.
SureSource, SureSource 1500, SureSource 3000, SureSource 4000,
SureSource Recovery, SureSource Capture, SureSource Hydrogen,
SureSource Storage, SureSource Service, SureSource Capital,
FuelCell Energy, and FuelCell Energy logo are all trademarks of
FuelCell Energy, Inc.
Contact:FuelCell
Energy203.205.2491ir@fce.com
Source: FuelCell Energy
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