Doosan Fuel Cell will develop a new business model that uses waste heat produced by Hydrogen Fuel Cell power generation.
Doosan Fuel Cell said on the 10th that it signed a memorandum of understanding (MOU) with LG Electronics on the 9th at LG Science Park in Magok-dong, Seoul, to pursue a "project to maximize energy efficiency by using clean heat sources for carbon neutrality."
Under the agreement, Doosan Fuel Cell will supply and optimize the main Hydrogen Fuel Cell equipment capable of producing electricity and heat. LG Electronics will build an energy convergence system by using heat pumps, absorption chillers, and heating, ventilation, and air conditioning (HVAC) systems linked to Hydrogen Fuel Cells.
Applying LG Electronics' energy convergence system to Hydrogen Fuel Cells, which generate electricity and heat simultaneously, diversifies heat applications and allows the use of otherwise discarded waste heat, improving energy efficiency. Waste heat generated by Hydrogen Fuel Cells can be used for heating or hot water supply depending on customer needs.
The two companies plan to expand the supply of this business model to customers that need electricity and climate control, such as industrial complexes, data centers, and large commercial facilities. Because it enables eco-friendly and stable energy supply, it is expected to be highly useful as a distributed power source.
A Doosan Fuel Cell official said, "Through this agreement, we will develop a new business model that combines Doosan Fuel Cell's Hydrogen Fuel Cell technology with LG Electronics' global HVAC solutions, contributing to carbon neutrality while expanding order opportunities in the distributed power market."