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ENOGIA has secured a multi-million euro contract to provide technology for South Korea's first fully privately financed waste-heat-to-power project at LOTTE Fine Chemical's fuel cell park in Ulsan. The project, led by SK Telecom, includes ENOGIA's ORC (Organic Rankine Cycle) modules to convert waste heat into low-carbon electricity for the site, enhancing energy efficiency.

The system is expected to be operational between 2026 and 2027, aligning with the industrial schedule of the hydrogen fuel cell plant. Additionally, a 20-year long-term service agreement has been signed to ensure the project's maintenance and optimization.

This initiative supports South Korea's hydrogen economy and industrial decarbonization goals. ENOGIA anticipates a revenue growth of over 50% by 2025, alongside positive cash flow and net income.