OREANDA-NEWS. November 11, 2015. Doosan Corporation announced that it signed a contract to provide fuel cells to Busan Green Energy. A Long Term Service Agreement (LTSA) related to the provision of the fuel cells is expected to be signed in the near future, bringing the total contract price to 280 billion won (about \\$248 million).

The Busan Fuel Cell Power Plant 30.8 MW PAFC (phosphoric acid fuel cell) will provide electricity and heat to the new residential complex in Busan, the second-largest city in Korea.

Project construction is expected to be completed in early 2017 and will ultimately provide reliable power to the residents of Busan by generating a yearly electrical output of 250,000 MW while simultaneously providing heat that can be used in 42,000 homes for a year.

“This is the largest urban fuel cell site in Korea and is the largest PAFC generation project in the world,” a Doosan representative was quoted as saying. “With this development opportunity, Doosan will broaden its foothold in the fuel cell market inside and outside of Korea by maximizing its technological developments, customer service acumen, and ability to find and develop new projects.”

Fuel cells produce power from an electrochemical reaction between hydrogen and oxygen. The fuel cell power plant has greater energy efficiency than turbines, which are powered by coal and other fossil fuels, and is much quieter as well. As a high-efficiency, clean energy source with significantly lower emissions, fuel cells take up a relatively small amount of space, leading them to be reviewed as the best renewable energy alternative in large cities such as Seoul.

* PAFC (Phosphoric Acid Fuel Cell): A type of fuel cell that uses liquid phosphoric acid as an electrolyte to generate power.