POSCO Fuel Cell Business Introduction

POSCO Fuel Cell Business Introduction

POSCO ENERGY Product Line-up Commercialized Products 300kW 2.5MW Product Development Stage 10 smw (in 2014) SOFC 10kW R&D Stage Marine Application, SOFC 10kW, MW s

Manufacturing Capabilities Cooperation Technology Assistance Sharpens PE&FCE Competitive Edge Stage 4 Stage 1 Complete system import from FCE, US ㆍ Period: 2004~2009 Stage 2 Localization of BOP Period: 2009 ~ 2011 STACK MBOP Stage 3 Localization of STACK Period: 2011 ~ 2012 STACK MBOP Cell Localization FCE of 포스코에너지 CELL Period : 2012 ~ 2015 STACK MBOP Cell EBOP STACK Cell 0% MBOP EBOP Cell 50% EBOP 75% EBOP 100% FCE POSCO Energy

POSCO Fuel Cell Hub World s Largest Fuel Cell Manufacturing Plant, and First One in Asia STACK Manufacturing Factory Under Construction Cell Manufacturing Factory BOP Manufacturing Factory 연료전지발전소 Fuel Cell Power Plant

MCFC Dissemination Track Records in Korea: 150 MW are commercially under operation (20 places) Nowon Samcheok Children s Grand Park Ilsan Bundang Boil Off Gas (BOG) - KOGAS (300kW) Sangam Incheon Hwaseong GGE Gwangmyung Seo-Incheon Daegu Godeok Dangjin Pohang Boryeong Gunsan Ulsan Large Scale Power Generation (Grid Support) - GGE (58.8MW) Busan Yeosu Bio Gas - Busan Wastewater Treatment Center (1.2MW)

Project Reference Gyeonggi Green Energy (58.8MW) Project Schedule - Nov. 2012 : Groundbreaking / Dec. 2013 : Project Completion Expected Effect - The World s largest Fuel Cell Power Plant - Produce Electricity (464 millions kwh / year) & Heat (195 Billions kcal / year) - Provide electricity to 140,000 households (70% electricity needs of Hwaseong City s residents) - reduce 60,000 tons per year of Greenhouse gas (Equivalent to 5million pine trees forestation)

Project Reference TCS1, Sungseo Industrial Park, Daegu Commercial Operation Commencement: Jun 2011 Capacity: 11.2MW

Project Reference World Cup Park, Seoul Commercial Operation Commencement: Oct 2010 Capacity: 2.4MW

Project Reference Riverside Wastewater Treatment Center, Busan Commercial Operation Commencement: Oct 2010 Capacity: 1.2MW Run on blended ADG (Anaerobic Digester Gas)

Recent News Legislative Marketing Creative Economy Initiative Government-Industry Partnership - Selected as a Flagship Project of Future Growth Engine Section ; Investment 365mil. USD for project development by 2020 (Seoul 20MW, Daegu 60MW, etc.) Fuel Cell Industry Vitalization Forum - Politicians, Academics, Subject matter experts - Justification of Government Subsidy Recent Project References PJT: 11.2MW Western Power Co. Place: Incheon Completion: Oct. 2014 PJT: 19.6MW Godeok Metro Depot Place: Seoul Completion: Oct. 2014 PJT: 5MW S-Power Place: Gawngmyung Completion: Jan. 2015

Fuel Cell Vehicle and Hydrogen 2015.04 Fuel Cell Group Eco-Technology Center Hyundai Motor Company

History of FCEVs 1966 General Motors Electrovan The first fuel cell car FC: 32 kw, 115 kph, 240 km 1997 Daimler Chrysler NECAR 3 First methanol reforming FCEV FC: 50 kw, 120 kph, 400 km 2006 General Motors Equinox FCEV FC: 93 kw, 160 kph, 320 km 2009 1993 Energy Partners Consulier The world s first PEMFC car FC: 15 kw, 95 kph, 95 km 2000 Hyundai Santa Fe FCEV Hyundai's 1st generation FCEV 2007 Mercedes-Benz F-Cell FC: 90 kw, 170 kph, 385 km 2013 2015 Toyota FCV-R FC:100kW, 160 kph, 700 km FC: 75 kw, 124 kph, 160 km Honda FCX Clarity Lease from 2008 ($600/month for 3 years ) FC: 100 kw, 160 kph, 570 km Hyundai Tucson ix Fuel Cell Series production FC: 100kW, 160 kph, 595 km

History of Development 04 Tucson FCEV (80kW) 06 Tucson FCEV I (80kW) 07 Tucson FCEV II (100kW) 98 Beginning of FCEV Development 02 Santa Fe FCEV (75kW) 04-09 US DOE Fleet (32 SUVs) 06-10 1 st Domestic Fleet (30 SUVs, 4 Buses) 09-13 2 nd Domestic Fleet (100 SUVs) 13 Small Series Production (World 1 st ) 14.6 Launching in U.S.A

ix 35 (Tucson ix) FCEV: Specifications EU US Fuel Cell Power 100kW Battery 24kW Max. Power 136ps 134hp Max. Torque 30.6kgf-m / 1,000rpm 221lb.-ft. / 1,000rpm Fuel Cell System Motor System H 2 Container AC Induction / 100 kw 5.64kg 12.4lb. (@700bar) (@10,000psi) Fuel Economy Driving Range Acceleration (0 100km) 0.95kgH 2 / 100km 594km (NEDC Mode) 12.5s 50MPGe(Combined) 265miles (Fuel Economy Label) Motor High Voltage Battery Hydrogen Container Max. Speed 160kph 100mph NEDC : New European Driving Cycle Fuel Economy Label : 70% of EPA mode test results

Fuel Cell Bus: Specifications Fuel Cell Power 200 kw Super capacitor 100 kw Max. Power 402hp Motor System PM Motor / 300 kw H 2 Container 40 kg (@350 bar) 86 lb. (@5,000 psi) Fuel Economy 4.49 kgh 2 /100km (@60 kph) 10.75 kgh 2 /100km(@Local Mode) Driving Range Acceleration (0 50km) Max. Speed 440 km (Local Mode) 8.5 s 103 kph / 64 mph

Vehicle Performance Test Hot Weather High temperature test at Death Valley Long distance test drive: 2,900km (1,800 miles) Outside temperature: 40~47ºC (104~ 117ºF) 1,300km (800miles) at Mojave, 1,600km (1,000miles) at Death valley Gradability test at Towne Pass (`14.8) High altitude test in Denver, CO. (`14.8) Elevation change: 0 m 1,500 m (4,920ft) Verified performance of vehicle at 1.6~4.3 km (5,250~14,100ft) altitude

Vehicle Performance Test Cold Weather Cold test in environmental chamber Cold test in Mt. Taebak Chamber temperature : -20ºC (-4ºF) Outside temperature : -19ºC (-2.2ºF) Cold test in Sweden High attitude test in Bolzano: 2.8km (9000ft) Outside temperature reached -41.5ºC (-42.7ºF) Outside temperature : -8ºC (17.6ºF)

Activities for Technology Verification DOE Demonstration Project Hope on Wheels (HOW) 32 Fuel Cell SUVs in California and Michigan ( 04-09) Charity event for children cancer patients in US ( 11.10) H2moves Project in Europe Zero Drives : Oslo to Monaco 4 Tucson Fuel Cells in Oslo and Copenhagen ( 11 12) 2,300km (1,400miles) driving without mobile H2 station ( 12.04) [Launching Event]

Effects of Fuel Cell Vehicle - The stone age did not end for lack of stone, and the oil age will end long before the world runs out of oil 1) 1) Sheikh Zaki Yamani, Oil Minister, Saudi Arabia Energy Paradigm Wood fuel generation Fossil fuels generation Coal Oil Gas Industrialization (~1800) Clean energy generation Ford-T Convenience Prius Model-S No pollution Volt Tucson Fuel Cell

19