POSCO Energy secures fuel cell technology

South Korea’s largest private power-generating company POSCO Energy gained a technology to independently produce core parts of fuel cells in five years since the company commenced the fuel cell business.
A fuel cell is an electrochemical device that combines hydrogen and oxygen in a chemical reaction to produce electricity, useable heat and water. Fuel cells are emerging as a new eco-friendly source of generating renewable energy.
POSCO Energy said Monday (local time) that it signed a contract with FuelCell Energy, an US manufacturer of ultra-clean fuel cell power plants, to license the technology to build core components of fuel cells, becoming the first Korean company to secure the technology.
For full article see Maeil Business.