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reliable, cost-competitive power and natural AsiaPacific region.” ts Green New Deal has committed
gas into the Philippine market, for the benefit NEW FORTRESS ENERGY, October 15, 2020 KRW73.4 trillion (£59.7bn) as part of a wider
of the country and the Filipino people. national strategy to tackle climate change,
Under the MoU, PNOC and NFE will work support industry and jobs, and to break the
together to identify potential opportunities FUEL CELLS economy’s dependence on carbon
to accelerate the development of important
LNG and power infrastructure in the Ceres, Doosan to build
country, leveraging future investments to
build a new and durable LNG value chain 50MW mass manufacturing SOL AR
in the Philippines capable of generating
jobs, revenue and opportunity far beyond facility in South Korea IKEA Australia has
prospective terminal or power plant sites.
“The memorandum will enable cleaner, Fuel cell technology specialist Ceres Power announced the launch
more affordable and more reliable energy for Holdings and Doosan Fuel Cell will build an
the people of the Philippines,” said Wes Edens, initial 50MW mass manufacturing facility for of Australia-first clean
CEO and chairman of NFE. “Increasing access fuel cell stacks in South Korea as part of a new
to power across the islands at a rapid pace will strategic collaboration. energy storage initiative
create significant growth opportunities. The contract also includes a global non-
We look forward to working closely with exclusive license to manufacture Ceres’ solid that will support the South
our partners at PNOC and the government oxide fuel cell stacks with technology transfer
to bring more reliable power and help and joint development as well as agreed Australian power grid, in
accelerate the clean energy transition.” The royalty streams upon the commencement
MoU was signed October 14, 2020 in a virtual of production and commercial sale of 5kW addition to powering its
ceremony that featured PNOC president SteelCell® stacks.
and CEO Admiral Reuben S. Lista (Ret) and The new facility in South Korea will Adelaide store.
New Fortress chairman and CEO Wes Edens. leverage Doosan’s strength in industrialisation
Secretary of Energy, Alfonso G. for the production of Ceres SteelCells® and The IKEA Australia Clean Energy
Cusi, who is also the ex-officio chairman stacks by 2024 and support integration Transformation Project will transition IKEA
of the board of PNOC, was also present to of stacks for higher power generation Adelaide to operating with 100% renewable
extend the Department of Energy’s support to applications. energy by 2025 and will generate low cost and
the co-operation. Fuel cell stacks manufactured by Doosan clean energy for the Adelaide community.
“We are confident that, with this will initially meet its own product demand for The project is being run in conjunction with
cooperation with New Fortress Energy, PNOC CHP and the planned power plant product Planet Ark Power, the South Australian
will find meaningful ways to contribute to line. Government, SA Power Networks and Epic
achieving energy security and stability in the In time, manufacturing could expand Energy.
country,” said Admiral Lista. “NFE can help us to meet global demand for Ceres’ stacks in Stage 1 of the project will see 1.2MW of
bridge the gaps in the value chain for a robust multiple applications. solar panels installed onsite on the rooftop
LNG industry and enable us to take that giant South Korea has progressive targets that of IKEA Adelaide, coupled with a 3.4MWh
leap towards the realisation of the Philippines’ encourage the deployment of hydrogen and onsite battery, managed by Planet Ark Power’s
potential as a strategic LNG hub for the fuel cell technology (16GW by 2040). unique digital platform - eleXsys energy

P12 www. NEWSBASE .com Week 42 21•October•2020