World’s Largest Fuel Cell Park Starts in South Korea

(Corrects date of statement’s release)

The world’s largest fuel cell park began operations in South Korea consisting of power plants developed by FuelCell Energy (FCEL) Inc.

Gyeonggi Green Energy in Hwaseong City has 59 megawatts of capacity and provides continuous baseload electricity to the power grid and usable high-quality heat for a district heating system, FuelCell Energy, based in Danbury, Connecticut, said in a Feb. 19 statement.

The fuel cells combine a fuel like natural gas with oxygen to produce electricity and usable heat through an electrochemical process, according to the company.

FuelCell Energy is also supplying 19.6 megawatts worth of systems to a fuel cell park in Seoul City which is expected to start running by the end of the year, according to the statement.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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