Fuel cell distribution agreement for South Korea

Under the 10-year license and distribution agreement, POSCO Power will create a fuel cell sales and service organization, and employ its expertise in power plant design and raw materials procurement to reduce power plant costs. Fuel cell stack modules will be manufactured by FuelCell Energy in Connecticut and shipped to Asian customers for installation with POSCO Power balance of plants. POSCO Power also will build a facility to manufacture the balance of plant (non-fuel cell stack portion of FuelCell Energy's DFC power plants) in Korea.

The Sacramento Municipal Utility District (SMUD) and three family-owned Sacramento County dairy farms are working together to tap into an on-site renewable energy supply - cow manure. By the end of this year the three dairies will have installed anaerobic digesters that will allow them to both generate enough electricity to run their dairy operation and sell excess electricity to the utility.

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