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  1. Market Data
September 1, 2021

Gyeonggi Green Energy – Fuel Cell System, South Korea

By Carmen

The Gyeonggi Green Energy – Fuel Cell System is a 58,800kW energy storage project located in Hwaseong, Gyeonggi, South Korea.

The electro-chemical battery energy storage project uses fuel cells as its storage technology. The project was commissioned in 2013.

Description

The Gyeonggi Green Energy – Fuel Cell System is owned by POSCO Energy (15%), a subsidiary of POSCO, Samchully (15%) and Korea Hydro & Nuclear Power (49%), a subsidiary of Korea Electric Power.

The key application of the project is on-site heat and power generation.

Contractors involved

Korea Hydro & Nuclear Power, POSCO Energy and Samchully have delivered the battery energy storage project.

Additional information

Gyeonggi Green Energy Co. Ltd is the developer & operator of the project. The ultra-clean electricity generated by this fuel cell park will be supplied to the power grid and will assist the partners with compliance under the South Korean Renewable Portfolio Standard (RPS). The heat generated by the fuel cell power plants will be supplied to a district heating system for local use.

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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