Posco Energy deploys FuelCell Energy's tech for a 20 MW CHP plant in South Korea with poor results

November 22, 2018 | Case Study

South Korea is that global leader in stationary fuel cell deployment with nearly 300 MW of systems installed and new large plants on the order of 50 MW continue to be announced. The country has a notoriously mountainous terrain that makes meeting siting requirements for solar and wind difficult, putting more value in alternatives that have a smaller footprint. The government made an early 230 MW target for combined heat and power (CHP) fuel cell systems in 2012, and is now supporting a broad roll-out of fuel cells for transportation with a $2.3 billion commitment. Under this environment, energy producer Posco Energy developed a 20 MW CHP plant with FuelCell Energy's technology, molten carbonate fuel cells in 2017. Posco Energy licensed the technology from FuelCell Energy at the time, but Posco Energy has since canceled a memorandum of understanding between the companies after significant losses.

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

Already a Lux Client?

Sign In

Interested in Learning More?

Contact us to learn the benefits of becoming a Lux member.

Or call us now

For North America (Boston Headquarters)
+1 (617) 502-5300

For EMEA (Amsterdam)
+31 20 280 7900

For APAC (Singapore)
+65 6592-6978