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Video Synopsis
New Projects In South Korea
Video length: 2:58
Talking Points:
- New Projects In South Korea
- Korea Midlands Power – Komipo
Speakers
- Matt Ross, Former Marketing Executive – CMO, Bloom Energy
Transcript
Matt Ross:
Hi everybody. I’m Matt Ross. I’m the CMO here at bloom energy. And I want to talk to you about Korea, where we’ve had some very exciting developments over the last year and a half.
New Projects In South Korea
Many of you may know that we signed our first contract in Korea, entered the country in December of 2017, and a little less than one year later, about 11 and a half months. That first contract of 8.35 megawatts at Bundang, cohang, which is right about here just south of Seoul, has actually gone into commercial operation and is running now. Now we worked together with SK on that first project and that relationship gave us so much confidence that we came back and signed an exclusive preferred distributorship agreement with SK back in middle of November and announced that in the media at that time. I’m happy to report to you that in just a little over a month, from the point of signing that agreement, we’ve won our second, third, fourth, and fifth projects in Korea.
Korea Midlands Power – Komipo
So let’s talk about the first of these, which is with Korea Midlands power, Komipo in other words. This is another one of the Korean utility generating companies. And this is for a 6 megawatt project in downtown Seoul. Now Seoul is a metropolitan area of 25 million people. So this is an enormous city and this deployment is gonna be at a cultural park in downtown Seoul. Our energy density plays a big role here, so we can pack a lot of power in a very small space, not take up much of this park, very low noise signature, a very pleasing industrial design to look at. And because we’re in the middle of a big city, the fact that we don’t emit any SMOG emissions is critically important. The second project I’d like to talk about, in fact, the second and third projects are both with Korea telecom, which is a major company also in Korea. They are doing two pilot projects, two different locations, 900 kilowatts per location, 1.8 megawatts altogether. In Korea, Korea telecom performs, of course they’re a major telecommunications company sort of like AT and T and so on, but they’re also an independent power producer and they’re feeding power into the grid.
So these are two pilot projects which will give them the ability to gain experience operating Bloom projects. And we anticipate in the future that this pays the way to more deployments with Korea telecom potentially at, at larger scale. So we’re very excited about it.