SK ecoplant collaborates with Lumcloon Energy to deliver renewable energy solutions in Ireland

SK ecoplant has signed a memorandum of understanding (MOU) with Ireland’s Lumcloon Energy to supply fuel cells for a new data centre. Additionally, their partnership extends to renewable energy initiatives such as solar, hydrogen, and energy storage systems (ESS).

Through this new agreement, SK ecoplant and Lumcloon Energy will collaborate to introduce fuel cells as a power source for the data centre, which will be situated approximately 80 kilometres to the west of Dublin, in Castlelost.

Simon Coveney, Ireland’s Minister for Enterprise, Trade and Employment, Said, “Europe’s first fuel cell powered data centre in Ireland, which I think is strategically very important. It is of great strategic importance to innovate the power supply system of data centres with high electricity demand and reduce carbon emissions.”

According to Ireland’s national utility, Eirgrid, data centres contributed to roughly 18% of the country’s electricity generation in 2022. Eirgrid predicts that by 2028, data centres will represent 30% of the nation’s total electricity generation. As part of the Irish government’s strategy to cut carbon emissions in half by 2030, fuel cells present a sustainable alternative to fossil fuels, ensuring reliable power for data centres.

Fuel cells exemplify decentralised urban power generation, offering high-efficiency electricity production on compact sites. Among these, Bloom Energy’s SOFCs stand out as the third generation with the highest efficiency in the fuel cell market. In fact, Bloom Energy has delivered over 1 GW of its SOFCs to more than 700 clients worldwide including more than 100 of the world’s leading corporations. According to a report published in June by Frost & Sullivan, a global consulting firm, with a global market share of 44% Bloom Energy holds the top position in the stationary fuel cell industry. Bloom Energy has been collaborating with SK ecoplant since 2018 to localise the world’s most efficient SOFCs.

SK ecoplant’s ambitions extend far beyond conventional construction activities as they aim to become a prominent player in diverse projects including business development, equity investments, financing, and fuel cell engineering, procurement, and construction (EPC). By leveraging their collaboration with Ireland as a strategic foothold, SK ecoplant is poised to penetrate the growing renewable energy market and the European data centre power supply system.

SK ecoplant possesses a comprehensive value chain encompassing renewable energy facets like solar, offshore wind, green hydrogen, and fuel cell enterprises. They eagerly anticipate further collaborative ventures in Ireland, aligning with the country’s goal to source 80% of its electricity from renewable sources by 2030.

Leo Clancy, CEO of the Enterprise Ireland said “Korea is an increasingly strategically important market for Irish companies. Today’s signing of cooperation between the two companies shows the success storey of innovative companies in the two countries.”

Kyung-il Park, CEO of SK ecoplant, remarked, “This partnership will establish the groundwork for us to offer green energy solutions in Ireland including our fuel cell operations.” He added, “As a global energy company with a holistic value chain spanning renewable energy to hydrogen, we aim to strengthen our presence in developed markets.”

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