POSCO signs MOU with Seoul to expand fuel cell usage
The steelmaker POSCO yesterday held a ceremony to mark the completion of a hydrogen fuel cell power station in Seoul.
The 2.4 megawatt plant is capable of generating sufficient electricity to supply 3,200 households and enough hot water to provide heating for 1,000 households, the company said. The plant will be operated by the steelmaker’s energy subsidiary POSCO Power for the next 15 years.
The steelmaker also signed a memorandum of understanding with the Seoul city government to expand the use of fuel cells in Seoul.
According to Seoul Mayor Oh Se-hoon, the country’s capital plans to promote the use of hydrogen fuel cells to account for 30 percent of alternative energy sources used in the city by 2020.
