As part of Team Ireland Trade Mission Week to South Korea program , I attended the signing of a MOU between Lumcloon Energy, an Enterprise Ireland client and SK Ecoplant, a subsidiary of the SK Group (2nd largest conglomerate after Samsung) , for a joint data centre project running on fuel cell technology, which would be the very first in Europe. A fuel cell uses the chemical energy, which is generally hydrogen, to cleanly and efficiently produce electricity with water and heat as the only products.
As part of Enterprise Ireland’s Leading in a Changing World strategy, the government’s trade agency is supporting and encouraging companies to lead globally on sustainability and achieving climate action targets. The transition to a low carbon and circular economy and achievement of a 51% reduction in emissions by 2030 across all sectors of the economy represents a whole of society challenge.
Enterprise, along with all sectors, must fundamentally change, to adapt to this challenge and realise the many opportunities this transformation represents. The Lumcloon/SK Ecoplant project is an excellent example of a strategic international collaboration to collectively find solutions, improve lives and enhance efficiency and sustainability.