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

Localization■ FCE of █ 포스코에너지CELL Stage 3 · Period : 2012 ~ 2015 Localization of STACK Stage 2 · Period: 2011 ~ 2012 STACK Localization of BOP MBOP · Period: 2009 ~ 2011 STACK MBOP Stage 1 Cell STACK Complete system import from FCE, US MBOP Cell EBOP ㆍPeriod: 2004~2009

Cell EBOP STACK MBOP EBOP

Cell 100% EBOP 75% 50% 0% ■ FCE █ POSCO Energy POSCO Fuel Cell Hub

 World’s Largest Fuel Cell Manufacturing Plant, and First One in Asia

Under Construction

STACK Manufacturing Factory

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 Boil Off Gas (BOG) Ilsan Bundang Children’s Grand Park - KOGAS (300kW) Sangam Incheon Hwaseong GGE Gwangmyung Seo-Incheon Daegu Godeok Dangjin Pohang

Boryeong Large Scale Gunsan Power Generation (Grid Support) Ulsan - 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. PJT: 19.6MW Godeok Metro Depot PJT: 5MW S-Power Place: Incheon Place: Seoul Place: Gawngmyung Completion: Oct. 2014 Completion: Oct. 2014 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’ 1993 The first fuel cell car FC: 32 kW, 115 kph, 240 km Energy Partners Consulier The world’s first PEMFC car FC: 15 kW, 95 kph, 95 km 1997 Daimler Chrysler ‘NECAR 3’ First methanol reforming FCEV 2000 FC: 50 kW, 120 kph, 400 km Hyundai ‘Santa Fe FCEV’ Hyundai's 1st generation FCEV FC: 75 kW, 124 kph, 160 km 2006 General Motors ‘Equinox FCEV’ 2007 FC: 93 kW, 160 kph, 320 km Honda ‘FCX Clarity’ Lease from 2008 ($600/month for 3 years ) FC: 100 kW, 160 kph, 570 km 2009 Mercedes-Benz ‘F-Cell’ FC: 90 kW, 170 kph, 385 km 2013 Hyundai ‘Tucson ix Fuel Cell’ 2015 Series production FC: 100kW, 160 kph, 595 km Toyota FCV-R FC:100kW, 160 kph, 700 km History of Development

’98 Beginning of FCEV Development ’02 Santa Fe FCEV (75kW) ’04 Tucson FCEV (80kW) ’04 - ’09 US DOE Fleet (32 SUVs) ’06 Tucson FCEV I (80kW) ’06 - ’10 1st Domestic Fleet (30 SUVs, 4 Buses) ’07 Tucson FCEV II nd (100kW) ’09 - ’13 2 Domestic Fleet (100 SUVs)

’13 Small Series Production (World 1st)

’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

30.6kgf-m / Max. Torque 221lb.-ft. / 1,000rpm 1,000rpm

Motor System AC Induction / 100 kW Fuel Cell System 5.64kg 12.4lb. H Container 2 (@700bar) (@10,000psi) 0.95kgH / Fuel Economy 2 50MPGe(Combined) 100km

594km 265miles Driving Range (NEDC Mode) (Fuel Economy Label) Acceleration 12.5s (0 → 100km)

Max. Speed 160kph 100mph Motor High Voltage Hydrogen Battery Container ※ 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

40 kg (@350 bar) H2 Container 86 lb. (@5,000 psi)

4.49 kgH /100km (@60 kph) Fuel Economy 2 10.75 kgH2/100km(@Local Mode)

440 km Driving Range (Local Mode)

Acceleration 8.5 s (0 → 50km)

Max. Speed 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 oil1)

1)Sheikh Zaki Yamani, Oil Minister, Saudi Arabia

Energy Paradigm

Fossil fuels generation Wood fuel generation Coal Oil Gas Clean energy Industrialization (~1800) generation

Convenience No pollution Ford-T Prius Model-S

Volt

Tucson Fuel Cell 19