Industrial complexes in South Korea consume about 83 percent of the energy used by the manufacturing sector and emit 76.8 percent of greenhouse gas. KT signed a memorandum of understanding with Korea Hydro & Nuclear Power (KHNP), the operator of nuclear power plants, and the Korean Industrial Complex Corporation, a state-run governing body of industrial complexes.
KT and its partners agreed to develop fuel cell power generating facilities in old industrial complexes. "Fuel cell power generation is a futuristic energy source that has high energy and space efficiencies," KHNP CEO Chung Jae-hoon said on November 27. KT will establish a smart energy platform for fuel cells and build new business models.
The energy efficiency of fuel cells is higher than that of thermal power plants and stands between 40 percent and 60 percent. If heat created during generation is captured, the efficiency can go up to 85 percent. Fuel cells can be used as a new power source for cars, drones and ships.
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