PowerMag--Hanwha Energy on August 25 approved formation of a subsidiary, Daesan Green Energy, to build a 50-MW hydrogen fuel cell plant in the Daesan Industrial Complex in Seosan City in South Chungcheong Province.
Hanwha executives in a news release said “It is the first power plant in South Korea that uses byproduct hydrogen as its fuel and [will be] the largest of its type in the world.”
Hanwha proposed the plant in December 2016, signing a memorandum of understanding with Korea East-West Power, Doosan, and SK Securities to develop and finance the $227 million plant.
A hydrogen fuel cell plant generates power from an electrochemical reaction between hydrogen and oxygen, and as such has no particulate or greenhouse gas emissions. Construction is scheduled to begin in December 2017, with a commercial in-service date of November 2019.