Bloom Energy and SK Eternix Collaborate on Landmark 80 MW SOFC Project in South Korea
Key Ideas
- Bloom Energy and SK Eternix partner on an 80 MW SOFC project in South Korea, the largest single-site installation to date.
- The project will power two ecoparks in North Chungcheong Province, providing sustainable energy for critical infrastructure.
- Bloom Energy to supply SOFCs and lead equipment management, with financing led by Korea Development Bank.
- The collaboration demonstrates the scalability, reliability, and market trust in Bloom Energy's SOFC technology for large projects.
Bloom Energy, a global leader in solid oxide fuel cell generation and solid oxide fuel cell electrolyzer technologies, has announced a significant project in collaboration with SK Eternix in South Korea. The 80 MW project, developed to power two ecoparks in North Chungcheong Province, marks the largest single-site installation in history. The project is expected to commence commercial operations in 2025 and is part of a financing agreement led by Korea Development Bank. Bloom Energy will provide its SOFCs and manage equipment maintenance.
KR Sridhar, Founder, Chairman, and CEO of Bloom Energy, highlighted the scalability and reliability of their SOFC technology for large projects. The partnership with SK Eternix demonstrates Bloom Energy's ability to form strong global collaborations and bring clean energy solutions to international markets. SK Eternix, a leading company in Korea's renewable energy sector and a long-term partner of Bloom Energy, expressed confidence in the success of the project and their commitment to expanding eco-friendly initiatives.
The financing agreement affirms the market's trust in Bloom's renewable energy capabilities and solidifies the global market's confidence in SOFC technology. The collaboration builds on the companies' existing partnership and showcases the continued international demand for Bloom Energy's solutions to power critical industries worldwide. Bloom Energy, known for its 1.3 GW deployed worldwide, continues to lead in stationary fuel cell and power generation, offering lower carbon energy solutions for a sustainable future.