Doosan Corp.’s U.S. fuel cell unit agreed to supply 70 power plants to South Korea’s largest utility.
The fuel cells will produce 30.8 megawatts of power for Korea Hydro & Nuclear Power Co. and the city of Busan, Doosan Fuel Cell America Inc. said in a statement Thursday. Delivery from its factory in South Windsor, Connecticut, will begin this year, with installation and testing expected to be complete in February 2017. The price wasn’t disclosed.
Doosan, a Seoul-based industrial conglomerate, bought the idled factory and technology originally developed by United Technologies Corp. last year for $32.4 million after its owner ClearEdge Power Inc. filed for bankruptcy. Fuel cells convert natural gas or hydrogen into electricity through a chemical process that produces fewer emissions than burning the fuels