Seven PureCell® systems to generate clean, sustainable power for the greater Seoul area

SOUTH WINDSOR, Conn., Nov. 27, 2012 /PRNewswire/ -- UTC Power, a United Technologies Corp. (NYSE: UTX) company, today announced that Samsung Everland has purchased seven PureCell® Model 400 fuel cell systems to be installed at the Korean South East Power Co. Ltd. (KOSEP), a public utility company in the greater Seoul area. The fuel cells, which will be located at KOSEP's Bundang facility in the Gyeonggi province, will provide 3.08MW of clean electricity to the local grid and thermal energy to the district heating business. The project is expected to be operational in spring 2013.

"Samsung Everland has once again proven to be a valuable partner  in Korea," said Joe Triompo, Vice President and General Manager of UTC Power. "This project is a testament to both our partnership and the PureCell system's proven performance and reliability. South Korea's progressive environmental standards can be easily met by these highly efficient PureCell systems and we're pleased to be a part of the country's green energy infrastructure."

The PureCell system is a proven solution to today's energy challenges and is already in use by utilities in South Korea. Generating power and heat, the PureCell system is driving return on investment, lowering energy costs, increasing energy security and reducing emissions for customers around the globe.  The seven PureCell systems to be installed by KOSEP will help to meet the growing demand for electricity in the Seoul metropolitan area, while also helping to meet South Korea's clean energy goals as part of the country's Renewable Portfolio Standard (RPS). 

In addition to providing power to help meet RPS, the PureCell systems will be supported locally by UTC Power's Korean subsidiary, UTC Power International Services - Korea, a Seoul-based fuel cell services company with dedicated PureCell system technicians.  

"We are excited about our teaming with Samsung Everland to provide a growth engine for KOSEP's environmental leadership initiatives and develop a local workforce to help our customers achieve their goals," said Eric Strayer, General Manager of International Sales at UTC Power. "As our capacity grows, so does our capability to create a vibrant clean energy workforce in Korea."

The PureCell system is a long-term energy solution with a 10-year stack life and total expected efficiencies more than double those of traditional power generation sources. With its efficient design, sustainable operation, and world-class 96 percent fleet availability, the PureCell system is the recommended choice for facilities with baseload power requirements, like KOSEP's Bundang facility. This range of benefits is unique to the PureCell system and is unmatched in the fuel cell industry.

About Samsung Everland Inc.

Samsung Everland, a Samsung Group affiliate, was founded in 1963 and is organized into five different divisions: Energy & Asset, Resort, Food & Culture, Golf and Environmental Development. In particular, Samsung Everland Environment & 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 Environment & 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 KOSEP (Korea South East Power Co.)

As a government owned power corporation, KOSEP owns and operates five power generation complexes, totaling approximately 14% of the total generation capacity in Korea. Among the six top generation companies in Korea, KOSEP has built its fame on renewable energy as well as Thermal and Combined cycle power plant, integrating well its construction, operation and commissioning abilities. Serving as a power generation company more than 50 years, we put all our effort and resources to be a global power leader by providing high-quality electricity all over Korea at reasonable prices. For more information, please visit www.kosep.co.kr

About UTC Power

UTC Power is part of United Technologies Corp. (UTC), which provides energy-efficient products and services to the aerospace and building industries. Based in South Windsor, Conn., UTC Power is the world leader in developing and producing fuel cells that generate energy for buildings and for transportation, space and defense applications. UTC Power has designed, manufactured, and installed more than 300 stationary fuel cells in 19 countries on six continents. For more information, please visit www.utcpower.com

Contact: Jennifer Sager
Phone: 860-727-2485
Jennifer.Sager@utcpower.com

SOURCE UTC Power



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