• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Sponsored Post
    • Make a Contribution
    • Technology Job Posting
  • Technology Events 2022-2023
  • Technology Domains
  • Technology Markets
  • Venture Capital
  • Contact
    • About

Bloom Energy and SK E&C Announce 28-Megawatt Deployment of Fuel Cell Technology to Power South Korea’s Historic Hwasung and Paju Cities

September 2, 2020 By Technologies.org Leave a Comment

Two new megawatt installations of Bloom Energy Servers to build new utility-scale, clean energy facilities in the country’s northwestern Gyeonggi province

Bloom Energy (NYSE: BE) and SK Engineering and Construction (SK E&C) today announced they have powered on two new clean energy facilities with fuel cell technology in the Gyeonggi province of South Korea. Located respectively in the cities of Hwasung and Paju, these new installations use Bloom Energy’s non-combustion, electrochemical process to produce electricity with lower and predictable energy costs and enhanced reliability – all while reducing carbon emissions.

The first power plant, located in the historic city of Hwasung, boasts a 19.8-megawatt fuel cell deployment of Bloom Energy Servers – the largest Bloom Energy project in South Korea to date and the company’s second largest in the world. This deployment marks the first-ever solid oxide fuel cell project financed in Korea, with over 141 billion KRW of debt and equity financing. The solid oxide fuel cell installment provides a new source of electricity to meet growing energy demand. This facility alone is designed to generate enough electricity to power approximately 43,000 homes in the area.

Bloom Energy and SK Engineering and Construction have powered on two new clean energy facilities with fuel cell technology in South Korea, providing power for nearly 61,000 households.
Bloom Energy and SK Engineering and Construction have powered on two new clean energy facilities with fuel cell technology in South Korea, providing power for nearly 61,000 households.

Located in the city of Paju, the second plant consists of an 8.1 megawatt fuel cell deployment of Bloom Energy Servers designed to power nearly 18,000 homes in the area. Furthermore, the new plant not only generates clean and reliable energy for the city, it also supplies its residents in rural areas with natural gas via new city pipelines for the first time.

South Korea is a leader and global champion of fuel cell technology for utility-scale power generation. By latest estimates, its six power generation companies have deployed approximately 300 megawatts of fuel cell power to date.

This is just the beginning. South Korea has introduced several initiatives to increase power generation from renewable and new technologies. The government released a Hydrogen Economy Roadmap in 2019 calling for 15,000 megawatts of stationary fuel cells by 2040. And, South Korea’s Renewable Portfolio Standard incentivizes generation companies to increase renewable and new technology derived power to 10 percent by 2023. These energy initiatives don’t simply promote energy innovation, but also cleaner solutions and the reduction of greenhouse gas emissions.

Solid oxide fuel cell servers, unlike other fuel cell power generators, reuse the heat they produce and do not need a heat requirement to be efficient or cost-effective, making them an option for more power users. Bloom Energy Servers have one of the highest electrical efficiency of any commercially available electric power generation system in the world, resulting in low fuel consumption – a valuable feature in a country that imports all of its gas. Additionally, the terrain and population density of South Korea make small footprint and modularly designed Bloom Energy Servers a practical energy solution for the country.

“South Korea is clearly on the leading-edge of our world’s energy future,” said KR Sridhar, founder, chairman and CEO of Bloom Energy. “And, this utility-scale deployment of fuel cells is a powerful proof point of its ambitious energy plan. Bloom Energy is proud to support this visionary effort to make clean, reliable, resilient, and adaptable power generation.”

“We must all be thinking about how to provide the energy needed today while also contributing to the betterment of our air and environment,” explained Jason Ahn, President and CEO of SK E&C. “Embracing technology advancements, like those from Bloom Energy, addresses energy needs and benefits to the environment and society.”

South Korea was one of the first countries heavily impacted by the COVID-19 pandemic; however, the country was successful in keeping business running, and the 19.8-megawatt installation was able to be constructed and completed during the pandemic.

In July 2020, Bloom announced plans to enter the commercial hydrogen market by introducing hydrogen-powered fuel cells and electrolyzers that produce renewable hydrogen. These products will be first introduced to the South Korean market in 2021 through an expanded partnership with SK E&C.

About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.

Related

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Samsung Electronics and Red Hat Announce Collaboration in the Field of Next-Generation Memory Software
  • AWS Announces General Availability of Amazon EC2 C7g Instances Powered by AWS-designed Graviton3 Processors
  • Infinitum Electric Raises $80M in Series D Funding Led by Riverstone Holdings to Scale Production of Sustainable Motors
  • Introducing IonQ Forte, Improving Quantum Performance with a Software-Configurable Dynamic Laser System
  • Cloudflare Unveils New SQL Database Offering
  • Cloudflare announces Workers for Platforms
  • Intel is rolling out new processors designed for data centers
  • EU moves to wean itself off Russian fossil fuels
  • A New Hydrogen-Powered Behemoth
  • BAE Systems to Bring Next-Generation Electric Drive System to Heavy-Duty Industrial Vehicle Market

Media Partners

  • VPNW
  • S3H
  • OPINT
  • Press Media Release
  • OSINT
  • Digital Market
  • Briefly

Media Partners

  • Technology Conferences
  • Event Sharing Network
  • Defense Conferences
  • Cybersecurity Events
  • Event Calendar
  • Calendarial
  • Opinion
  • Venture Capital

Copyright © 2015 Technologies.org

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT