GS hoping its success will be green
GS Group is determined to ensure its competitiveness is tied to the green industry.
“With the completion of the world’s biggest fuel-cell generator we now have the opportunity to ensure we are competitive in the green industry,” said Huh Chang-soo, GS Group chairman.
“These are difficult times when the future is hard to predict,” the chairman said. “We will overcome any adversity and establish GS’ future business structure.”
Huh was visiting the GS EPS fuel-cell generator in South Chungcheong yesterday. The visit was in line with his interest in and commitment to gathering information in the field, something he has emphasized of late.
GS EPS is a unit of GS Group focused on reducing greenhouse gas emissions in accordance with the government’s green growth plan. GS EPS has been in operation since May 20, when the fuel-cell generator, the world’s largest with a capacity of 2.4 megawatts, was completed.
The generator produces electricity through chemical reactions between oxygen and hydrogen extracted from liquefied natural gas. The electricity generating efficiency is 47 percent higher than that of thermal power plants and 67 percent higher in terms of thermal efficiency. Above all, fuel-cell generators sharply reduce carbon emissions.
GS Group has invested 15.5 billion won ($12.3 million) in the project.
The electricity generated from the fuel-cell generator will be sold on electricity exchange markets.
