FuelCell, KHNP to pursue clean hydrogen production products in Korea

FuelCell (FCEL) Energy and Korea Hydro & Nuclear Power, KHNP, announced that the two companies have agreed to jointly pursue hydrogen energy business initiatives and have signed a memorandum of understanding, MOU, outlining the possibilities. The cooperative approach will focus on the development and implementation of advanced energy solutions using FuelCell Energy’s solid oxide electrolysis hydrogen platform and KHNP’s nuclear power plants within the scope of relevant laws and regulations. This initiative will combine South Korea’s domestic clean energy sources with FuelCell Energy’s electrolyzer platform that uniquely uses electricity and thermal energy sources to produce lower cost, domestic clean hydrogen, and diversify South Korea’s hydrogen supply beyond imported fuels.