Doosan Fuel Cell signed an agreement with CJ OLIVENETWEORKS and Shinhan Bank to provide new technologies and financial support to the ‘Korea-China Smart Farm Village’ project.
Korea-China Private Economic Association and Mega Time Holdings-Mega Farm Village co-hosted this event.
This smart farm village, which will be developed on a 250,000-square-meter plot of land in Pocheon with a KRW 80 billion investment, will be Korea’s first hybrid smart farm and smart village built by a Korean and Chinese public-private partnership. The aim of this project is to create a smart farm complex that is advanced from green tourist cities known for the beauty of their forests and waters. In the fourth industrial revolution, the complex will be a suburban area where hydrogen fuel cells, renewable energy, agriculture, logistics, and leisure facilities will coexist.
For the first time in the world, Doosan Fuel Cell will be able to use hydrogen fuel cells’ heat recovery in a distributed generation system for heating and absorption chillers for cooling, thanks to this agreement. Doosan would include technologies that are critical to the Green New Deal (Hydrogen Economy) and renewable energy.
Doosan fuel cells generate both electricity and heat, and the thermal energy can be used to heat and cool smart fields, homes, hot springs, and community centers while reducing heating costs. These applications have the ability to unlock the full potential of agriculture communities that are suffering from a lack of arable land due to climate change. This will result in cost-effectiveness and crop diversity, both of which are important factors in agricultural income development.