Korean energy solution provider Fuel Cell Innova­tions gives a fresh momentum to the new Hydrogen Fuel Cell Industrial Park in the coastal city of Pohang with a fuel cell and electrolyzer GW scale manufacturing plant.

The energy company plans to invest a total of 150 billion won ($115 million) by 2027 to produce key hydrogen fuel cell components in an automated plant at Pohang’s Blue Valley National Industrial Complex.

The company renewed its commit­ment to cooperating with Pohang, North Gyeongsang Province, in its hydrogen industry policies in the Po­hang International Hydrogen Fuel Cell Forum held on Dec. 7.

FCI CEO Lee Tae-won and Pohang Mayor Lee Kang-deok met on Nov. 30 to launch the construction of a “gigafactory.” The new FCI plant will produce 1 gigawatt of fuel cells per year. The factory is also expected to create 1,500 jobs in the city.

With its focus on environmentally friendly solutions, the company has been expanding its business portfolio here and abroad. The energy company is currently operating clean energy solutions us­ing its water electrolysis technology and high temperature fuel cells, in­cluding solid oxide fuel cells (SOFC) and molten carbonate fuel cells (MCFC). SOFC electrolysis can reduce the cost of hydrogen production by up to 30% below the cost of traditional alkaline electrolysis.

In July, the firm signed a business agreement with Korean refinery S-OIL to co-develop ecofriendly hydro­gen, fuel cells, and renewable ener­gies. The contract outlines detailed plans to develop an ammonia cracking facility for hydrogen pro­duction, and a project to build a one MW fuel cell facility that produces electricity at 60% efficiency and captures 99% of the CO2 it emits while removing large quantities of anthropogenic CO2 from the atmosphere at commercially viable costs.

Earlier this month, FCI inaugu­rated a facility in Daejeon that can produce an annual 3 megawatts of 1.5 kilowatt SOFC products. SOFC refers to electrochemical conversion devices that generate electricity by directly oxidizing a fuel substance. It is used to produce power to residential and industrial consumers, and to produce power and synthetic fuels for CO2-free or neutral land, sea and air transportation.

The company has also received production approval from the state-owned Korea Gas Safety Corp. in October to manufacture commercial hydrogen products. It is also plan­ning on launching 45 and 240 kilowatt SOFC products early next year and in 2024 to be used in midsized and large buildings and power plants, the company added.

Looking ahead, FCI said it is de­veloping high capacity SOFC prod­ucts to be used in ships by 2024. The project started in 2020 as a co-de­velopment initiative with the Korea Institute of Industrial Technology Evaluation and Management and other partner firms. Key system trials with shipbuilding companies were completed earlier in October, according to FCI.

The energy company is also planning to apply SOFC technology for ammonia production at a lower cost and higher efficiency, a process demonstrated by Haldor Topsoe, for carbon capture-based SOFC, direct ammonia SOFC, and green hydrogen products.

FCI was created as a joint venture between South Korea and Sau­dia Arabia in 2018. It has been expanded to a consortium between multiple firms from both countries, including S-OIL, Samsung C&T, Saudi Aramco, Taqnia Energy, and Dune Energy, to supply products to Korea, the Middle East and beyond.

The company has been expanding its global business portfolio based on its partnership with companies from Middle Eastern countries.

FCI said it has been working with Saudi Arabian partners to supply fuel cell products to the country’s commercial and industrial facilities, while work­ing to develop products that befit the country’s climate and regulations.

The company also plans to launch its Saudi headquarters in the coun­try’s capital, Riyadh, in 2023, while constructing a green hydrogen pro­duction plant in the Arabian coun­try in the near future, it added.

FCI hopes the recent visit to Ko­rea by Mohammed bin Salman, the Saudi Arabian crown prince and prime minister, will act as a catalyst to bolster bilateral cooperation in the area of clean energy, the company said. The visit will greatly expand horizons for future business opera­tions, it added.

Meanwhile, the energy firm was recognized by the Korea Intellectual Property Office for its contribution to the development of Korea’s hydrogen industry, and for its support in creat­ing intellectual property, at a confer­ence held in Ulsan, on Nov. 30.