Manya Rathore
Research expert covering India
Fuel cell industry in South Korea - statistics & facts
As the world energy market evolves toward more sustainable solutions, South Korea has sought to capitalize on this by becoming a leading global provider of fuel cell technology. Unlike traditional combustion-based power generation, fuel cells produce very little emissions given the amount of electricity they can generate, making it a promising technology for environmental sustainability in the future. South Korea has become one of the largest fuel cell power generation markets in the world through heavy R&D investments and favorable policies generally for the new and renewable energy industry. The country has also sought to improve its ability to produce and distribute the hydrogen necessary to utilize fuel cells. For South Korea, such technology is not only integral to a sustainable energy future but also may create new opportunities for the country's export economy.
