FuelCell Energy, Inc. based in Danbury, Conn., and Korea Hydro & Nuclear Power Co., Ltd (KHNP) have entered into a memorandum of understanding to jointly pursue hydrogen energy business initiatives. The collaboration will focus on utilizing FuelCell Energy's solid oxide electrolysis technology and KHNP's nuclear power plants to develop advanced energy solutions. This initiative seeks to produce domestic clean hydrogen at a lower cost and diversify South Korea's hydrogen supply beyond imported fuels. FuelCell Energy, known for its efficient hydrogen solutions, will bring its expertise to the partnership, aiming to leverage its solid oxide electrolyzer cell that operates at nearly 90% electrical efficiency. This technology can produce dry hydrogen at high efficiency without needing external heat, making it a promising solution for sustainable energy production. The agreement aligns with KHNP's commitment to innovation and sustainability, with the Vice President of Hydrogen & Smart Business Department expressing excitement about exploring new energy transition opportunities. FuelCell Energy's President & CEO also highlights the potential for driving innovation and creating sustainable energy solutions through the collaboration. The partnership envisions utilizing hydrogen produced from electrolysis for long-term storage and transportation, enabling zero carbon stored hydrogen energy from various sources like wind, solar, hydro, and nuclear. Additionally, the solid oxide electrolyzer technology opens up possibilities for developing e-Fuel for the transport sector and producing ammonia for fertilizer, showcasing the versatility and potential impact of this collaboration on the energy industry and South Korea.