100% renewable targets will require power storage to manage flows on the net
Electrolysers utilise these intermittent power flows to produce H2 gas from water
H2 gas can be stored in large quantities underground and transported via existing gas pipelines
H2 vehicles recharge faster and are more durable than battery powered transport
Growing H2 demand in industrial processes will reduce costs and increase supply

FuelCell Energy (FCE) has announced the receipt of a major order from South Korean company POSCO Power. FCE will supply 70 MW of fuel cell kits to POSCO over a two-year period from October of this year, with the total value of the order likely to exceed $129 million and around 40% of the contract value to be received as a down payment by October 2011.

This is the largest ever order for FuelCell Energy, which will now ramp up to annual production of 55 MW. POSCO Power recently completed construction of a fuel cell system manufacturing facility in the city of Pohang, where FCE proprietary fuel cell components are stacked and integrated with the balance of plant. This facility has 100 MW annual capacity.

Source: Fuel Cell Today, Infogrok.com