FuelCell Energy Inc (FCEL)

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POSCO ENERGY, which operates the MCFC business, will strengthen its expertise and competitiveness through material division of the fuel cell business.

POSCO Energy announced on the 6th that it held a board meeting at the POSCO Center in Teheranro, Seoul, and decided to establish a new corporation by dividing the fuel cell business division.

The corporate establishment method will be divided into a division of the fuel cell division in the company, and a new corporation specializing in the fuel cell division will be established. POSCO ENERGY will have a 100% stake. The establishment of a new corporation will be completed by the end of this year.

The new subsidiary will carry out existing businesses such as fuel cell manufacturing and fuel cell power plant O & M (Operation & Maintenance). POSCO ENERGY signed a subcontract with a new corporation if necessary, except for the LTSA contract with Gyeonggi Green Energy, which was recently renewed, except for the Long Term Service Agreement. Position to carry out the service.

POSCO ENERGY has been exploring ways to efficiently allocate and concentrate manpower and resources to enhance competitiveness and enhance corporate value in both the power generation and manufacturing industries. He said he lost. Through this, fuel cell companies will be able to make independent and autonomous management and make quick decisions.

An official of POSCO Energy said, “We will focus on enhancing our business expertise through the formation of fuel cell manpower and focusing on the role of the fuel cell business. We expect to strengthen our business partnerships to lead the MCFC market. ”