By 2023 , South Korea’s will have the world’s largest 200MW hydrogen fuel cell power plant. The plant will be will be built in the Gangdong industrial complex in Gyeongju.
An MOU to build ‘hydrogen fuel cell power plant’ was recently signed by Gyeongju City, Gangdong Energy Co., Ltd., Nemoeng Co., Korea Hydro & Nuclear Power Co., Korea West Power Co. The total investment is anticipated to be 1.4 trillion won.
The fuel cell power plant can will be able to produce about 1,674 GWh of electricity a year. The plant will will use natural gas (LNG) to separate the hydrogen and a fuel cell to generate electricity. Also, unlike solar or wind power, it can operate 24 hours a day, 365 days a year and has at least double the efficiency of a coal fired power plant.
Lee Chul-woo, the governor of Gyeongsangbuk province, said “Since the announcement of the government’s roadmap to revitalize the hydrogen economy with the two major axes of hydrogen cars and fuel cells, many companies have entered the business with the expansion of government renewable energy. It is important to invest in hydrogen fuel cells,”