SEOUL – South Korea’s top telecom KT announced today that it has partnered with MiCo in a business agreement that calls for cooperation on hydrogen fuel cells.
The two companies will take part in a fuel cell power generation system demonstration project that can respond to loads according to building energy usage patterns, develop a fuel cell EMS (energy management system) that enables real-time control and remote control, and discover new fuel cell businesses.
“In cooperation with MiCo, KT will also enter the mid-sized domestic manufacturing of fuel cells, helping to improve the localization rate of the domestic hydrogen industry promoted by the government, and expanding the supply of building fuel cells. We plan to take the lead in realizing the hydrogen society.”
Kim Young-myung, head of the KT Energy Platform Division, said, “With this agreement, KT will start a self-consumption fuel cell business for building energy efficiency as well as power generation fuel cells. We will combine the two companies’ capabilities, including the platform, the technology of solid oxide fuel cells, and the one-stop product production system, to pioneer and lead the building fuel cell market. ”