FuelCell Energy to help district energy system in S. Korea

FuelCell Energy Inc. (Nasdaq:FCEL) announced an order for 230 MW of fuel cell power plants and a separate order for a 60 MW fuel cell park, both in Seoul City, South Korea.

The stationary fuel cell power plants are being installed to replace the power generation of one nuclear power plant. The plans call for 29 fuel cell parks totaling 190 MW and 102 commercial building installations totaling 40 MW by 2014, with 50 MW installed in 2012, 82 MW in 2013 and 98 MW in 2014. The installations include 11 locations totaling 70 MW to support the operation of the subway, 10 locations totaling 70 MW at water treatment and pump facilities, and eight locations totaling 50 MW at resource collection facilities. Building installations will include 10 MW at hospitals and data centers and 30 MW at high-rise residential developments. The fuel cell power plants must be configured for combined heat and power (CHP).

A 60 MW fuel cell park is under development by POSCO Energy along with partners Korea Hydro Nuclear Power Co. (KHNP) and Samchully Gas Co. The fuel cell park will consist of a series of DFC3000 power plants located in an industrial complex in Hwaseong, South Korea. Permitting and approvals are expected to be completed by summer 2012 and power production to begin by early 2013. The electricity generated by the fuel cells will be supplied to the power grid and will help the companies reach compliance under the South Korean Renewable Portfolio Standard (RPS).

POSCO Energy has ordered 140 MW of fuel cell power plants, modules and components since 2007 and has entered into a memorandum of agreement for an additional 120 MW of fuel cell kits.

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