Bloom Energy and SK D&D Announce Distributorship Agreement for Fuel Cell Deployments in South Korea
05 Fevereiro 2019 - 7:10PM
Business Wire
SK D&D, the real estate and renewable energy development arm
of SK Group, the third largest conglomerate in Korea, and Bloom
Energy Corporation (NYSE: BE) announced today a new distributorship
agreement for the direct supply of Bloom Energy fuel cells for
projects developed by SK D&D.
The agreement is Bloom Energy’s second distributorship with an
SK Group company. Bloom Energy executed a distributorship agreement
with SK E&C in November 2018 to serve the utility-scale fuel
cell market in Korea. The D&D distributorship will serve
projects self-developed by D&D and potential future C&I
applications in Korea.
Both agreements are designed to meet growing demand in South
Korea for clean electricity, particularly from fuel cells. South
Korea has become a world leader in the deployment of fuel cells
with approximately 300 megawatts deployed. The government has
issued a Hydrogen Economy Roadmap calling for a further expansion
of stationary fuel cells to 1,500 MW by 2022.
SK D&D develops and manages real estate properties in South
Korea including housing, office buildings, and commercial
facilities, including shopping malls and hotels. It is also
involved in the development, procurement and construction of clean
power resources.
“We are excited to further strengthen our partnership with SK
Group, continuing to accelerate the deployment of fuel cells in
South Korea,” said Bloom Energy Founder, Chairman and CEO KR
Sridhar. “We share the same passion and vision to bring clean,
reliable, always-on electric power to the Korean people.”
The Bloom Energy Server converts natural gas or biogas fuel into
electricity without combustion, using solid oxide fuel cell
technology. It delivers always-on 24/7 power in an extremely
compact, energy-dense platform. Because it generate electricity via
an electro-chemical reaction rather than combustion, the Bloom
Energy Server generate virtually no smog-forming particulate
emissions.
Bloom Energy Servers have the highest delivered electrical
efficiency of any commercially available electric power generation
system in the world, resulting in low fuel consumption. This
particularly is important in Korea, since the country imports all
of its natural gas, with resulting high fuel costs.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable, and
affordable energy for everyone in the world. The Company’s product,
the Bloom Energy Server, delivers highly reliable and resilient,
‘Always-On’ electric power that is clean and sustainable. Bloom’s
customers include twenty-five of the Fortune 100 companies and
leaders in cloud services and data centers, healthcare, retail,
financial services, utilities and many other industries. For more
information, visit www.bloomenergy.com
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version on businesswire.com: https://www.businesswire.com/news/home/20190205005165/en/
Media Relations Contact:Natalia BlankCorporate Public
RelationsBloom EnergyT:
408-543-1566natalia.blank@bloomenergy.com
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