- The plant will produce 160,000 MWh of carbon-free electricity annually.
- Operations will expand to 80MW by the end of 2026.
- The project is funded by a KRW 272 billion package from five financial institutions.
- The plant uses phosphoric acid fuel cells and will receive by-product hydrogen from SK Gas and LOTTE Chemical.
Completion of Ulsan Hydrogen Power No.2
LOTTE SK Eneroot has completed the 20MW Ulsan Hydrogen Power No.2, a hydrogen fuel cell power plant located in the Ulsan Mipo National Industrial Complex. The plant is designed to produce 160,000 MWh of carbon-free electricity annually, enough to power 40,000 households in Ulsan.
Future Expansion Plans
LOTTE SK Eneroot plans to expand the plant's capacity to 80MW by the end of 2026 through sequential completion of follow-up projects. This expansion aims to produce approximately 610,000 MWh of carbon-free electricity annually, sufficient for 160,000 households.
Technological Features
The plant utilizes phosphoric acid fuel cells (PAFC) that do not emit carbon during power generation. It is designed for future fuel conversion to clean hydrogen without additional facility modifications. Waste heat from fuel cells is recycled to reduce greenhouse gas emissions.
Financial and Economic Impact
The project is funded by a KRW 272 billion project financing package, arranged with five financial institutions, including KB Kookmin Bank as the lead arranger. The plant will receive by-product hydrogen from SK Gas subsidiaries and LOTTE Chemical Group, contributing to local tax revenues and generating employment, thus supporting the regional economy.
