FuelCell strengthens presence in Korea, supports existing customer base

FuelCell Energy has taken significant strides in its Korean market re-entry by forging relationships with domestic clean energy electric utilities that have installed FuelCell Energy power platforms. The company signed a long-term service agreement with Noeul Green Energy on July 27 and has also established a memorandum of understanding with Gyeonggi Green Energy, both aimed at the continuation of stable fuel cell operations and advancing eco-friendly power generation in Korea. FuelCell Energy President and Chief Executive Officer Jason Few said, “Through this LTSA and MOU, we are delighted to continue building our relationships with leading generation companies in the Seoul metropolitan area and support their clean energy power delivery commitments in Korea.” Few added, “Moving forward, Noeul Green Energy and Gyeonggi Green Energy will receive best in class customer service, and benefit from the technology advances integrated into our next generation stack modules. We will continue to enhance our technology, improve stack life as we have demonstrated since our first commercial product launch in 2003, and improve system efficiency, contributing to sustainable and efficient energy production.”