2014

PureCell® system to generate clean, sustainable power for the Busan International Finance Center Landmark Tower in Busan, Korea

HILLSBORO, Ore., June 19, 2013 /PRNewswire/ -- ClearEdge Power, a manufacturer of scalable, distributed power systems, today announced that Samsung Everland Inc. has purchased a PureCell® Model 400 fuel cell system to be installed at the Busan International Finance Center's Landmark Tower in Busan, Korea.  The fuel cell will be installed in the basement of the tower and will provide 400 kW of clean, efficient power to the building. ClearEdge Power has a proven track record with flexible installations in basements, rooftops and grade level, ideal for large multi-story buildings like the Landmark Tower.

(Photo: http://photos.prnewswire.com/prnh/20130619/NY33148 )

This installation marks the fourth project on which ClearEdge Power has partnered with Samsung Everland and the first PureCell system installation in the city of Busan. Samsung Everland previously deployed 12 PureCell Model 400 systems for a 4.8MW site at GS Power, seven Model 400 systems for a 3.08MW site at KOSEP and two Model 400 systems for the Lotte World Premium Towers.  "We are extremely proud to partner with Samsung Everland on this exciting project with the Busan International Finance Center," said David B. Wright, ClearEdge Power President & CEO. "Together, we continue to develop projects that meet Korea's progressive environmental standards and we're pleased to be an important part of the country's growing green energy infrastructure."

Generating electricity and heat, PureCell Model 400 systems are driving lower energy costs, increasing reliability and reducing emissions for customers around the globe.  The Model 400 system to be installed in the Busan International Finance Center will help to meet South Korea's clean energy goals as part of the country's Renewable Portfolio Standard (RPS), which gives fuel cells the highest multiplier on renewable energy credits earned with each operating hour. "As a result of the RPS program and our strong partnership with Samsung Everland, we have successfully localized the maintenance and startup service capabilities for our products," said ClearEdge Power's International Sales Manager, Eric Strayer. "As ClearEdge Power's capacity grows in Korea, so does our capacity to create a local clean energy workforce."

"Samsung Everland continues to work closely with ClearEdge Power to market and sell PureCell fuel cell power plants in South Korea. We are experiencing growing demand for fuel cell power plants from electric utilities under the South Korean RPS program and forecasting increasing demand from the commercial building market as well," said Samsung Everland Plant Business Vice President.

PureCell systems are dependable and durable energy solutions, with total expected efficiencies more than double those of traditional power generation sources. With an ultra-clean design, optimized performance and streamlined installation, PureCell systems are the recommended choice for facilities with baseload heat and power requirements, like the Busan International Finance Center.

About Samsung Everland Inc.
Samsung Everland, a Samsung Group affiliate, was founded in 1963 and is organized into three different divisions: Engineering & Asset, Resort, Food & Culture. In particular, Samsung Everland Engineering & Asset Division has been a premier energy solution and asset management services provider in Korea for over 20 years. With the advent of renewable and clean energy initiatives in Korea, Samsung Everland Engineering & Asset Division has been at the forefront of the government's initiatives in promoting renewable energy by developing different renewable energy projects. For more information, visit www.everasset.com

About ClearEdge Power
ClearEdge Power provides clean, distributed power systems that scale from 5 kW to multiple megawatts. As the most experienced fuel cell producer, ClearEdge Power is transforming power generation with innovative solutions that help customers reduce electricity bills, improve energy efficiency and reduce carbon emissions. For more information, please visit http://www.clearedgepower.com

Contact: Jennifer Sager
Jennifer.Sager@clearedgepower.com

SOURCE ClearEdge Power



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