FuelCell, CGN reach 10 MW repowering agreement

FuelCell (FCEL) Energy and CGN-Yulchon Generation Co., an Independent Power Producer in South Korea, have signed an agreement for the purchase of fuel cells and maintenance services. The agreement with another major generation company underscores FuelCell Energy’s position as a utility-scale electric power producer. Under the terms of the agreement, FuelCell Energy will provide CGN-Yulchon with eight of its advanced carbonate fuel cell modules and comprehensive operations and maintenance services for four fuel cell units at the utility’s Yulchon’s Gwangyang facility. Each fuel cell unit consists of two fuel cell modules. The seven-year agreement includes an option for extension beyond the initial seven-year term. The CGN-Yulchon facility, dedicated primarily to electric power generation, transmission and distribution, operates four of FuelCell Energy’s 3000 Carbonate Fuel Cell Systems, each producing 2.5 megawatts of low carbon baseload power, alongside 1.5GW of conventional gas turbine capacity. The project will enhance the performance and extend the operational life of the four installed units, aligning with CGN’s decarbonization goals and South Korea’s Hydrogen Economy Roadmap.