FuelCell Energy will deliver 42 1.4MW fuel cell modules to Gyeonggi Green Energy (GGE) to support the upgrade of its Hwaseong Baran Industrial Complex fuel cell power platform in South Korea.
Earmarked as the “largest” fuel cell power platform in the world, located in Hwaseong-si, the plant has the capacity to produce 58.8MW of electricity, capable of powering around 135,000 homes. It can support Korea’s Hydrogen Economy Roadmap, which plans to supply 15GW of power from fuel cells by 2040.
It is expected that FuelCell Energy will receive approximately $160m of revenue under the terms of the agreement. The contract constitutes a significant milestone for supply clean caseload power to the Korean market and includes a seven-year service agreement pursuant to which FuelCell will service the fuel cell modules.
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