uelCell Energy has signed a contract to 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 in a deal worth US$160M. 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 US$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.
“Our new agreement with GGE reinforces our commitment to providing clean, efficient and reliable energy solutions to the Korean market,” explained Jason Few, President and CEO of FuelCell Energy.
 “We look forward to bringing additional platforms to the country, such as our co-located power generation fuelled by biogas and our highly efficient and powerful solid oxide fuel cells delivering power and electrolysis.”
The Hwaseong Baran Industrial Complex fuel cell power platform, which was established in 2013 with FuelCell Energy’s design and technology, has the capacity to produce 58.8 megawatts of electricity from 42 fuel cell modules that can provide power to about 135,000 homes and generate about 250 billion kilocalories of hot water for heating approximately 20,000 homes annually.
Through this agreement, GGE joins Noeul Green Energy Co., Ltd. and Korea Southern Power Company Ltd. in receiving superior service from FuelCell Energy, whose technology is deployed across South Korea producing more than 100 megawatts of clean electricity without combusting fuel.
 In 2019, Korea announced its Hydrogen Economy Roadmap, which includes a goal to supply 15 gigawatts of power from fuel cells by 2040. Emission-free fuel cells support the country’s efforts to mitigate a national problem of fine dust or particulate matter in the atmosphere from transport exhaust fumes, industry, and the jet stream.
 FuelCell Energy’s range of clean energy solutions can contribute to the Korean clean energy targets by providing products that reduce carbon emissions from power generation and produce hydrogen based on two electrochemical platforms: carbonate and solid oxide.
 Power Generation: Carbonate and solid oxide platforms support power generation and combined heat and power applications, and are fuel flexible using a variety of fuels including hydrogen, hydrogen and natural gas blends, biogas, renewable natural gas, and natural gas. For example, the company announced recently a new biogas project at a California wastewater treatment plant where carbonate fuel cell technology will convert gas from wastewater into electricity on site. The fuel cells utilized in these platforms react fuel electrochemically without combustion.
 FuelCell Energy’s platforms are also scalable, and the company has deployed the largest fuel cell parks in the world. Servicing GGE’s 58.8 MW carbonate power platform will further demonstrate FuelCell Energy’s ability to support large scale applications including the large-scale power and cooling needs of data centers.
 Distributed Hydrogen and Power Generation: FuelCell Energy’s recently unveiled Tri-gen system, commissioned by Toyota Motor North America and operated and serviced by FuelCell Energy, is fuelled by directed biogas from California and is powering the automotive company’s largest port facility in North America.
 Carbon Capture: FuelCell Energy’s carbonate fuel cells are behind the only carbon capture technology on the market that can capture CO2 emissions directly while producing electricity and hydrogen simultaneously. FuelCell Energy is working with ExxonMobil on the next generation of this technology for use in large industrial settings.
 Electrolysis: The company’s solid oxide fuel cells power electrolyzers that can supply hydrogen with up to 100% efficiency.
 This month (June 2024) the company will host current and prospective customers in Korea to highlight the breadth of its clean energy offerings that can help to support the goals of the Hydrogen Economy Roadmap.