SOUTH WINDSOR, Conn., Jan. 10, 2013 /PRNewswire/ -- UTC Power, a United Technologies Corp. (NYSE:UTX) company, today announced that Samsung Everland has purchased two PureCell® Model 400 fuel cell systems to be installed at the Lotte World Tower, Korea's first super-tall skyscraper. The fuel cells will be installed in the basement of the tower and will provide 800 kW of clean, efficient power to the Lotte World Mall in the building. Upon completion in 2015, the Lotte World Tower is expected to become one of the tallest skyscrapers in the world and will house the tallest observation deck on its 123rd-floor at 497.6 meters high. The mixed-use building will include retail outlets, offices, residences, a luxury hotel and public access floors, including the aforementioned observation deck.
"UTC Power is very proud to partner with Samsung Everland on this exciting building project," said Joe Triompo, vice president and general manager of UTC Power. "The PureCell system's proven performance and reliability make it the ideal fit to provide the Lotte World Tower with clean fuel cell power. We are thrilled to be a part of the tower's green energy infrastructure."
The PureCell system is a proven solution to today's energy challenges and is already in use by Korean utilities. This installation is UTC Power's first building application in the country and the first indoor installation for a fuel cell in Korea. Generating power and heat, the PureCell system is driving lower energy costs, increasing energy security and reducing emissions for customers around the globe. The PureCell systems to be installed in the Lotte World Tower will help to meet South Korea's clean energy goals as part of the country's Renewable Portfolio Standard (RPS).
"With the prolonged effects of high oil prices and heightened environmental regulations worldwide, more businesses are in need of clean energy alternatives, like the PureCell system, to meet their operational needs" said Samsung Everland Energy Business E&A Division. "Through our partnership with UTC Power, Samsung Everland continues to provide valuable solutions to energy issues for our clients across Korea."
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. "This first building application in Korea is an important milestone for the PureCell system, and is a testament to the proven performance of our other fuel cell installations in the country," said Eric Strayer, general manager of international sales at UTC Power. "We are part of Korea's clean energy future and are developing local capabilities for service and installation." In addition to the PureCell systems to be installed at the Lotte World Tower, UTC Power recently announced Korean South East Power Co. Ltd. (KOSEP), a public utility company in the greater Seoul area, will install seven PureCell systems at their Bundang facility in early 2013. As UTC Power's capacity grows in Korea, so does their capability to create a local clean energy workforce.
The PureCell system is a dependable and durable energy solution, with total expected efficiencies more than double those of traditional power generation sources. With its ultra-clean design, optimized performance and streamlined installation, the PureCell system is the recommended choice for facilities with baseload heat and power requirements, like the Lotte World Tower. 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 UTC Power
UTC Power Corporation is a subsidiary 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
SOURCE UTC Power
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here