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I n Korea, POSCO has completed con- struction of what is believed to be the world's largest manufacturing plant for power generation fuel cells, and has now gone into active operation at the Yeongil Port Industrial Complex. The plant, with an annual production capacity of 50 MW, is double the size of the previous largest, at FuelCell Energy in Connecticut, USA. The plant will produce balance-of-plant to be integrated with molten carbonate fuel cell units supplied by FuelCell Energy.
POSCO will also construct another 50 MW capacity plant by 2011. The company is establishing a specialized research center, in collaboration with its RIST corporate research institute (www.rist.re.kr/eng/part/part09.jsp) and the Pohang University of Science and Technology (POSTECH, www.postech.ac.kr/center/fuelcell), to develop next-generation technology for power generation fuel cells with 10% higher power generation efficiency and 20% lower production cost.
POSCO has been active in the fuel cell business since 2003, and plans to invest 170 billion won (US$125 million) by 2012. In the year from April 2005 POSCO installed power generation fuel cells at RIST, Seoul Tancheon sewage treatment plant, and Chosun University Hospital in Gwangju, and in November 2006 it installed the first commercial fuel cell in Korea at KOSEP's Bundang generation plant, which is currently in normal operation. POSCO is currently installing new 7.5 MW-scale fuel cells in four regions:
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