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SK E&S subsidiary (Korea) installs 5.6 MW of UTC PureCell systems

SK E&S Subsidiary, Pyeongtaek Energy Service, Purchases 14 PureCell® Systems

2012 July 18

SK E&S subsidiary, Pyeongtaek Energy Service, purchases 14 PureCell® systems to generate over six megawatts of clean power for the greater Seoul area

SOUTH WINDSOR, Conn., (July 18, 2012) – UTC Power, a United Technologies Corp. (NYSE:UTX) company, today announced that Pyeongtaek Energy Service, a wholly owned subsidiary of SK E&S, has purchased 14 PureCell Model 400 fuel cell systems. This project will be completed in two phases and aims to be fully operational by the end of 2013.

The first phase of this project consists of seven PureCell systems being installed at the new SK E&S power plant in the city of Pyeongtaek, in Korea’s Gyeonggi Province. Phase I is expected to be completed, with the initial seven PureCell systems operational, in the fall of 2012. These PureCell systems will help to meet the growing demand for electricity in the greater Seoul area, while also helping to meet Korea’s clean energy vision to deploy fuel cells and other clean and renewable energy technologies. In addition to providing power to help meet South Korea’s Renewable Portfolio Standards (RPS), the PureCell systems will also supply thermal energy to Godeok International City, a center for business, technology and global exchange. Phase II of this project, the installation of an additional seven PureCell systems at the new power plant campus in Pyeongtaek, is slated to start mid-summer 2013.

“This is a very exciting project for UTC Power. Our PureCell systems will be putting power into the grid to provide clean energy to the growing Seoul metropolitan area,” said Joe Triompo, Vice President and General Manager of UTC Power. “The environmental benefits offered by these highly efficient PureCell systems are a great match for South Korea’s progressive environmental standards. We’re pleased to be a part of their green solution.”

The PureCell system is proving to be a game-changing technology for utility companies and energy efficient buildings alike. Compared to typical central generation and other fuel cell offerings, the PureCell system offers customers lower energy costs, reduced emissions, an industry-leading 10-year cell stack durability and up to 90 percent system efficiency. This range of benefits is unique to the PureCell system and is unmatched in the fuel cell industry.

All 14 fuel cells will be supported locally by UTC Power’s South Korean subsidiary, UTC Power International Services – Korea, a Seoul-based company made up of highly trained PureCell aftermarket service technicians.

“This first RPS project is an important milestone for the PureCell system, and is a testament to its proven performance and reliability for multi-megawatt class installations,” said Eric Strayer, General Manager of International Sales at UTC Power. “We are proud to be playing a role in Korea’s clean energy future and developing local capabilities for service and installation with our customer.”

About SK E&S

SK E&S is the leading comprehensive energy service provider of Korea that conducts city gas, power, district energy and LNG business. The company’s City Gas business possesses a massive supply system through its city gas distribution subsidiaries in seven major regions throughout Korea. SK E&S has the number 1 market share in Korea’s city gas market and supplies approximately 22 percent of the nation’s gas demand. And the Power business produces and supplies electricity through the operation of Gwangyang LNG Power Plant. The company is currently constructing Pyeongtaek LNG Power Plant with the target to go into commercial operation in 2012. For more information please visit http://www.skens.com/

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

Source: http://www.utcpower.com/pressroom/pressreleases/sk-es-subsidiary-pyeongtaek-energy-service-purchases-14-purecell-systems

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