SK D&D and Bloom Energy Corporation, have announced a new distributorship agreement for the direct supply of Bloom Energy fuel cells for projects developed by SK D&D.
The agreement is Bloom Energy’s second distributorship with a SK Group company. Bloom Energy executed a distributorship agreement with SK E&C in November (2018) to serve the utility-scale fuel cell market in Korea.
Both agreements are designed to meet growing demand in South Korea for clean electricity, particularly from fuel cells.
South Korea has become a world leader in the deployment of fuel cells with approximately 300 megawatts deployed. The government has issued a Hydrogen Economy Roadmap calling for a further expansion of stationary fuel cells to 1,500 MW by 2022.
“We are excited to further strengthen our partnership with SK Group, continuing to accelerate the deployment of fuel cells in South Korea,” said KR Sridhar, Bloom Energy Founder, Chairman and CEO.
“We share the same passion and vision to bring clean, reliable, always-on electric power to the Korean people,” Sridhar continued.
The Bloom Energy Servers converts natural gas or bio gas fuel into electricity without combustion, using solid oxide fuel cell technology.
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