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  1. Market Data
September 2, 2021

Bloom Energy-Bundang Thermal Power Plant – Fuel Cell System, South Korea

By Carmen

The Bloom Energy-Bundang Thermal Power Plant – Fuel Cell System is an 8,350kW energy storage project located in Bundang-ro, 336, Bundang-gu, Sungnam-si, Gyeonggi, South Korea.

The electro-chemical battery energy storage project uses fuel cells as its storage technology. The project was announced in 2018.

Description

The Bloom Energy-Bundang Thermal Power Plant – Fuel Cell System is being developed by Bloom Energy Japan and SK Engineering & Construction. The project is owned by Korea South-East Power (100%), a subsidiary of Korea Electric Power.

The key applications of the project are on-site power and back up.

Contractors involved

Korea South-East Power is the owner. Bloom Energy Japan and SK Engineering & Construction are the developers. Bloom Energy Japan is the technology provider for the project.

Additional information

In South Korea, all power companies with more than 500MW of generation capacity are obligated to produce a certain percentage of electricity by renewable and new energy sources, including fuel cells, under the Renewable Portfolio Standard (RPS) system. KOEN is installing Bloom Energy Servers to meet their RPS target. A total of 28 systems were installed to realize an output of 8.35 MW.

About Bloom Energy Japan

Bloom Energy Japan Limited is a provider of rapidly deployable energy servers to customers seeking to take control of their energy destiny while contributing to Japan’s energy security, sustainability, and also to its economy. The company is a 50:50 joint venture between SoftBank Corp. and Bloom Energy, Inc.

About SK Engineering & Construction

SK Engineering & Construction Co Ltd (SK E&C), a subsidiary of SK Holdings Co Ltd, is a general construction contracting company. SK E&C offers engineering, procurement and construction (EPC) services in the areas of housing, petrochemical, infrastructure, industrial, and technology sectors. The company executes the construction of residential buildings, intelligent buildings, cultural facilities, hostels, sports complexes and other construction and engineering-related projects. SK E&C also provides project development, financing, engineering, procurement, and operation and maintenance related services. It provides petrochemical, oil refining, and gas plant construction services, and industrial plant and engineering services. SK E&C has operations in Asia, Europe, the Middle East and the Americas. The company is headquartered in Seoul, South Korea.

Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.

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