This includes the world's largest at 58.8 MW, installed in Hwasung City, which powers 70,000 homes. Korea has embraced using fuel cells for energy production more than most other countries, encouraged by generous government incentives and the absence of domestic energy assets. Korea aims to derive around 11% of its energy from new and renewable energy sources by 2035, and fuel cells are one of the technologies chosen to achieve this goal. Seoul is going even further, aiming to have 50% of its renewable electricity generation from fuel cells by 2030. Markets targeted include small stationary units for homes and small business, large-scale stationary, and vehicles. The Korean Ministry of Trade, Industry & Energy (MTIE) estimates that there will be a total of about 50,000 plug-in electric vehicles (PEVs) on Korea's roads in 2015.
Korea has embraced using fuel cells for energy production more than most other countries, encouraged by generous government incentives and the absence of domestic energy assets. Korea aims to derive around 11% of its energy from new and renewable energy sources by 2035, and fuel cells are one of the technologies chosen to achieve this goal. Seoul is going even further, aiming to have 50% of its renewable electricity generation from fuel cells by 2030. Markets targeted include small stationary units for homes and small business, large-scale stationary, and vehicles. The Korean Ministry of Trade, Industry & Energy (MTIE) estimates that there will be a total of about 50,000 plug-in electric vehicles (PEVs) on Korea's roads in 2015.