- FuelCell Energy (FCEL, Financial) signs a Memorandum of Understanding (MOU) with Inuverse for potential 100MW fuel cell deployment in Korea.
- The deployment aims to support the AI Daegu Data Center, slated to begin phased deployment in 2027.
- FuelCell's current operations in Korea include the largest single-site fuel cell park with 58MW capacity.
FuelCell Energy, Inc. (FCEL) has entered into a strategic Memorandum of Understanding (MOU) with Inuverse to explore the deployment of up to 100 megawatts (MW) of fuel cell-based power at the AI Daegu Data Center (AI DDC) in Korea. This phased deployment is scheduled to commence in 2027, signaling a significant expansion for FuelCell Energy in the rapidly growing AI-specialized hyperscale data center market.
The collaboration will leverage FuelCell's advanced thermal energy capabilities, which include absorption chilling for rack cooling, thereby reducing operational costs and improving performance at the data center. This clean baseload energy will be delivered in a microgrid configuration, using modular systems designed for rapid deployment, an essential feature to support the significant energy demands of AI and cloud computing.
Currently, FuelCell Energy operates Korea's largest single-site fuel cell park with a 58MW capacity, demonstrating its established presence in the region. The non-binding MOU represents a strategic move to support renewable energy and Environmental, Social, and Governance (ESG) objectives while addressing the critical need for uninterrupted power in AI workloads.
While the MOU does not guarantee commitments, it positions FuelCell Energy for future revenue opportunities and strengthens its footprint in Asia. As part of the sustainability initiative, the project aligns with Inuverse's aim to achieve renewable energy and ESG targets, potentially setting global standards for data centers in the AI era.
