SK Ecoplant strengthens alliance with US Bloom Energy

SK Ecoplant announced on the 26th that it had signed a total of five contracts, including commercial cooperation contracts, to strengthen strategic cooperation with Bloom Energy, a world-class fuel cell manufacturer in the US on the 24th.

In 2018, SK Ecoplant took the first step into the domestic fuel cell business through Bloom Energy and the exclusive right to supply solid oxide fuel cells (SOFC) in Korea. have been cooperating In addition, the localization of SOFCs can be dramatically accelerated through the extension of the domestic exclusive supply rights included in this contract and the revision of the Joint Venture Agreement (JVA).

The two companies also signed a global exclusive sales right for SK Ecoplant’s fuel cell and water electrolysis equipment (SOEC), as well as a cooperation contract for financing and design, procurement, and construction (EPC) exclusive business rights in the United States.

In addition, they promised to build the ‘Hydrogen Innovation Center’, a joint technology research institute for technology development such as commercialization of green hydrogen, in Korea and the United States, respectively. Through this, it is expected that it will be of great help in solidifying the leadership in the domestic fuel cell market and preoccupying business opportunities in the global hydrogen market.

In addition, the two companies also signed a stock purchase agreement (SPA) to support the development of next-generation SOFC and SOEC technologies and the necessary funding for new production plants.

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