FuelCell Energy Inc (FCEL)

[krays]

Lengthy article via Google translate, not sure how it will post


http://www.h2news.kr/news/article.html?no=6885

Development company, RPS to achieve fuel cell construction 'Rush'

Ratio of RPS to 28% in 2030 Upward revision of
REC weight (2.0) Fuel cell installation is expected to be expanded
Fuel cell charge plan needs to be introduced to secure economical efficiency
Jongsu reporter [e-mail]
Registration 2018.08.01 17:57:4


[Moon Hydrogen Economy Lee Jong - soo] Rep. Moon Jae - in announced the 'energy conversion' to reduce nuclear power and coal thermal power generation after the inauguration last May and to greatly increase the proportion of renewable energy. The fuel cell industry expects a plan to revitalize fuel cells, an environmentally friendly distributed power source. However, the government has been rumored that the fuel cell will be excluded from the detailed implementation plan, and this concern has become reality.


The government announced the 'Implementation Plan for 3020 Renewable Energy', which will increase the proportion of renewable energy generation to 20% by 2030, focusing on solar and wind power on December 20 last year. In this plan, as indicated by 'renewable energy', fuel cells, which are new energy, are only reflected in the spread of installing fuel cell power plants in urban areas that are underdeveloped and underdeveloped, in order to foster new energy industries based on distributed power.


Before the plan came out, the Ministry of Commerce, Industry and Energy spoke at the debate about fuel cell industry. On December 4, last year, Kim Kyu-hwan, a member of the National Assembly, held a policy debate on sustainable development of fuel cells held at the Future Fuel Cell Power Generation Forum and the first seminar.


In the meantime, Jeon Byeong-geun, head of renewable energy department of the Ministry of Commerce, Industry and Energy, said, "If we reduce the REC weighting for waste and wood pellets and exclude non-renewable wastes from renewable energy considering international standards and domestic circumstances, fuel cell demand will increase "It has given hope to the fuel cell industry.


As a result, although the renewable energy 3020 project has been suffering from the exclusion of fuel cells, the fuel cell industry expects the advantages of fuel cells to become more prominent as fuel cells can complement the limiting characteristics of renewable energy.


Fuel cells are highly efficient distributed generation facilities that can produce electricity at more than 90% of the year, and can be produced and used where electricity and heat are needed without additional infrastructure such as transmission and distribution. It is also an eco-friendly power generation system with little noise and dust.


The renewable energy such as solar power and wind power is limited in the installation site, but the fuel cell is expected to be newly installed as a complementary environmentally friendly power generation facility for renewable energy because it can be installed even in a small area of ??the city center. .


Prospects for the construction of fuel cell power generation facilities
Public generation companies that are well aware of the advantages of such fuel cells are expected to actively build fuel cell power generation facilities to achieve 'RPS 3020 Implementation Plan' and 'RPS' performance.


The RPS, which has been in operation since January 2012, is mandated to supply a certain percentage of total electricity generation to renewable energy sources for power generation companies with facilities capacity of 500 MW or more excluding renewable energy. .


If you do not fulfill RPS goals, you will have to pay a penalty. The amount of RPS will be increased from 4% in 2017 to 28% in 2030, and it is urgent to expand renewable energy facilities.


In particular, in the first half of this year, the weight of the new and renewable energy supply certificate (REC) related to the mandatory renewable energy (RPS) system was revised (RPS Notice, June 26) Woodchip and Bio-SRF (Waste Wood) were excluded from the weighting or weighed, while the fuel cell maintained its current weighting of 2.0.


The weighted value 2.0 is the next highest among renewable power sources, followed by ESS and offshore wind power. Fuel cells are an attractive power generation equipment to achieve RPS performance from the development stage .


Plans to Install
Fuel Cells for Power Generation Fuel cell power generation facilities built by six public companies including Southeast, Central, Western, South, East-West, and KHNP are planned to be expanded to a total of 2,844 MW by 2030, totaling 148.4 MW.


First, KOMIPO completed the 5th phase (5.72MW) in February 2006, starting with the first stage fuel cell power plant (300kW) in Bundang Power Generation Headquarters in 2006, and the total 17.46MW capacity including the Ansan Fuel Cell (2.64MW) The facility is in operation.


Namdong Power is currently under construction at the Bundang headquarters in the 4th stage (16.72MW) and the 6th stage (8.35MW), scheduled to be completed in August and October, respectively. The LH Daejeon Fuel Cell Power Plant in the LH Daejeon Project is under construction in December.


Namdong Power plans to advance fuel cell power generation 7 ~ 10 times per minute in order to fill the shortage of renewable energy supply every year. The goal is to achieve a total of 370MW by 2030.


An official of Namdong Power said, "Fuel cell power plants are the best means of short-term implementation for achieving a 25% share of new and renewable energy in 2030, a new vision of South East Power." The mandatory ratio of annual RPS system rises sharply As a result, we believe that it will be possible to implement efficient systems by expanding installation of fuel cells with higher REC weights than other renewable power sources. "


KOMIPO signed a business agreement with SK Corporation in April last year to jointly promote the Incheon Hydrogen Fuel Cell Power Generation Project with Doosan and its subsidiary hydrogen.


KOMIPO is constructing and operating its own fuel cells at Boryung Power Station (0.3MW) and Shin Boryeong Power Station (7.5MW). In addition, Incheon Power Station (15MW), Sejong Power Station (5MW) ).


KOMIPO plans to develop a variety of fuel cell business models that use hydrogen and LPG as fuel as well as natural gas. In April last year, SK E & C concluded a business agreement to jointly promote Incheon Fuel Cell Power Generation Project using Doosan and its subsidiary hydrogen. Until now, there is no fuel cell facility that is commercialized in this way in Korea, so the pilot facility will be operated for one year and will be expanded to 20 MW hydrogen fuel cell.


In addition, it plans to strengthen cooperation with municipalities and public institutions to install fuel cell power generation centering on the development of large-capacity renewable energy complex complex, and to expand it to 130MW by 2030. It will select the best model from among four models: solar power, wind power, ESS, solar power, wind power, fuel cell, solar power, fuel cell, and solar power, reflecting government policies and internal capabilities.


KOMIPO is promoting 'Namyangsan Fuel Cell Power Generation Project (20MW)', which will be installed on the idle site of Korea Highway Corporation, Kyungdong City Gas, SK E & C, and Yangsan, Namyangsan IC in Gyeongnam Province.


Korea West Power is operating a total of 34.2MW of fuel cell power in the first and third stages of the Seoincheon Power Generation Headquarters. Currently, the Seocheon 4th stage (22MW) fuel cell project is under consideration, and the project is scheduled to begin in January next year and complete in December. The company plans to install the Cheonan Cheongsu Fuel Cell Power Plant (5MW) in the central city gas site (start construction in January next year and complete construction in June 2020).


Western power is a strategy to build a large-scale fuel cell complex centered on the demand side of the Seoul metropolitan area. In the short term, we plan to build a total 60MW fuel cell power plant in the Seoincheon Power Generation Headquarters and, in the long run, to build a total of 606MW of fuel cell power generation facilities by 2030 by promoting a large scale fuel cell complex project through joint development with the private sector .


An official at the West Power said, "In order to meet the government's plan to implement the 3020 renewable energy, we will make efforts to secure the RPS demand for the high efficiency fuel cell power plant."


The official said, "There is no concrete plan for the installation of a fuel cell power plant in urban areas, which is reflected in the government's" Renewable Energy 3020 Implementation Plan. "However, in order to play a role as a public enterprise, I am willing to review the project in connection with the project. "


Korea Southern Power signed an agreement with Daejeon City, Chungnam City Gas, and Hansol Paper in September last year to promote fuel cell power generation projects and is planning to construct a 30MW fuel cell facility in Hansol Paper Plant in Daejeon.

? KOSPO has concluded an agreement with Daejeon City, Chungnam City Gas and Hansol Paper in September last year to promote the fuel cell power generation business, and is planning to construct a 30MW fuel cell facility in the Hansol Paper Plant in Daejeon.


KOSPO is aiming to build a total of 358MW of fuel distribution facilities by 2030, utilizing the existing infrastructure of the power plant (using LNG and securing grid)


In September last year, NSC signed a business agreement with Daejeon City, Chungnam City Gas, and Hansol Paper to develop a fuel cell power plant project, and constructed a 30MW fuel cell facility in Hansol Paper Plant in Daejeon City. And plans to build a total of 50 MW of fuel cells.


Korea East-West Power will build on the idle site of Ilsan Thermal Power Plant in the first stage (2.4MW) in 2009, the second stage (2.8MW) in 2011, the third stage (2.8MW) ) To build a large-capacity fuel cell power plant with a total capacity of 13.28MW. Ulsan fuel cell (2.8MW) is also in operation.


East-West Power plans to utilize fuel cells to expand renewable energy facilities to 25% of total power generation by 2030. It aims to achieve a total capacity of 420MW by 2030 by constructing a large-capacity fuel cell using idle hydrogen of chemical plant and idle sites of Ilsan-Ulsan combined-cycle power plant.


Currently, Daesan Hydrogen Fuel Cell (50MW) and Donghae Large Capacity Fuel Cell (100MW) are being developed.



Fuel cell power plant installed in Ilsan Thermal Power Station, Korea East - West Power Plant.


A fuel cell is an eco-friendly and highly efficient power generation system that generates electricity by using hydrogen and oxygen in the air generated from the reaction of natural gas and water." The facility is simple and has a small footprint for short-term construction. And it is easy to expand the capacity of the fuel cell due to its high energy density and subsequent capacity expansion, so that the fuel cell will be in the spotlight continuously in the future. "


KHNP is operating a fuel cell power plant with 58.8MW of fuel economy, 20MW of fuel cell, 30.8MW of Busan fuel cell, and 109.6MW of fuel cell. By 2019, 40MW in Incheon, 20MW in Iksan, and 20MW in Amma will be completed. The company plans to build a 220MW fuel cell power plant by 2020. The goal is to achieve a total of 960 MW by 2030.




Providing a fuel cell only plan urgently
However, the biggest difficulty for the fuel cell power generation business matters is that the fuel is greater risks.


An official of a development company said, "In order to secure the economical efficiency of the fuel cell power generation business, it is urgent to prepare fuel cell charge plan."





Busan Green Energy Fuel Cell Power Plant operated by KHNP.

? Busan Green Energy Fuel Cell Power Plant operated by KHNP.


In addition to high initial investment costs, fuel cells require fuel supply unlike renewable energy such as solar power and wind power , resulting in additional fuel cost risk due to fluctuations in LNG prices as fuel. The fuel cost (natural gas ) accounts for 50 ~ 70% of the power generation cost .


Currently, the cogeneration charge applied to fuel cells reflects the characteristics of cogeneration with severe seasonal and time-dependent load fluctuations (demand fluctuation). This is not consistent with the demand pattern of fuel cells with almost constant demand (near base power generation) Of the total.


There are cases in which three fuel cell power generation projects that were actually approved for power generation business were withdrawn due to fuel cost problems. The Ministry of Commerce, Industry and Energy is considering the introduction of a fuel cell dedicated charge system through related research services.

Reporter Lee, Jong - Su