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SK E&C, U.S. firm to form joint venture for fuel cell production

All News 09:32 September 25, 2019

SEOUL, Sept. 25 (Yonhap) -- SK Engineering & Construction Co., a South Korean construction company, said Wednesday it will set up a joint venture with U.S.-based Bloom Energy for the production of solid oxide fuel cell (SOFC).

The 49:51 joint company, to be set up in November, will provide Korean-made fuel cells to local power generating facilities, data centers, and others.

"The company is reviewing several candidate sites for the building of a plant, with an aim to start the production of SOFCs in the first half of 2020," the spokesman said.

The locally produced SOFCs will be initially delivered to domestic clients and then exported to neighboring countries, he said.

SOFC is an electrochemical conversion device that produces electricity directly from fuel resources, such as hydrogen and methane.

In this photo taken on Sept. 24, 2019, and provided by SK E&C, SK E&C CEO Ahn Jae-hyun (L) and Bloom Energy CEO K.R. Sridhar sign an agreement to form a joint venture for production of SOFCs in South Korea from 2020 during an event held at SK Group's headquarters in Seoul. (PHOTO NOT FOR SALE) (Yonhap)

kyongae.choi@yna.co.kr
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