Posco Energy: Posco gives up hydrogen fuel cell opportunities in Asia

Posco Energy, a subsidiary of South Korean steel giant Posco, surrendered its exclusive rights to market, manufacture and service FuelCell Energy's advanced hydrogen fuel cells in Asia. In a statement announced Tuesday, the two firms reached a settlement to end a license dispute that had begun in 2015. As a result, Posco will relinquish its exclusive rights to the Connecticut-based firm's molten carbonate fuel cells, or MCFCs, in Asia. Though Posco will no longer be able to manufa