Trading of Fuel Cell-based Electric Power Increases Substantially

The Korea Power Exchange announced on Jan. 25 that the domestic trading volume of fuel cell-based electric power jumped more than 50 percent last year as state-run power companies and those in the private sector substantially increased their fuel cell power generation facilities in accordance with the government’s policy.

Last year, the domestic fuel cell facility capacity was 605 MW, up 30.4 percent from a year ago. The capacity, which stood at 56 MW in 2012, increased more than 10-fold in eight years by showing an average annual increase of 38.1 percent. In that period, the ratio of the capacity to the total renewable energy facility capacity rose from 1.4 percent to 2.9 percent.

The trading volume increased along with the fuel cell-based power generation. In 2020, the volume increased 53.9 percent to 3,428 GWh. For reference, it was 374 GWh in 2012. The ratio of the volume to the total trading volume of renewable energy-based electric power almost tripled from 5.7 percent to 15.3 percent.