Saturday, February 09, 2008

[The Chosun Ilbo, January 17 2008] Samsung Corp. Partners with U.S. Fuel Cell Maker

Samsung Corp. said Wednesday that it has signed a series of strategic cooperation agreements with a leading U.S. hydrogen fuel cell manufacturer to enter the market for hydrogen fuel cells for power plants.

The agreements give Samsung exclusive rights to distribute and sell HydroGen Corp.'s phosphoric acid fuel cell power plants in Korea, China, the Middle East, India and Australia.

The American company holds core technologies for increasing the capacity of fuel cell power plants up to 30 megawatts. This is done by connecting 2-megawatt power plants and recycling hydrogen, a byproduct of chemical plants, for use as the power source.

Samsung Corp. plans to use HydroGen's technologies to supply heat and electricity from fuel cell power plants to Korean chemical plants or energy providers and expand its business into the hydrogen fuel cell market.

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