Doosan Fuel Cell

Doosan Fuel Cell is a South Korean fuel-cell company affiliated with Doosan Group. Its business is centered on stationary fuel-cell systems for electricity generation, particularly phosphoric-acid fuel-cell (PAFC) technology, together with associated maintenance and power-plant support. The company’s activities form part of Doosan’s broader effort to build a substantial energy and hydrogen-related business. The company’s roots in the fuel-cell sector include Doosan’s 2014 decision to pursue a merger with FuelCell Power, a South Korean manufacturer focused on residential and small-building fuel-cell systems. FuelCell Power had been founded in 2001 and had entered the KONEX market of the Korea Exchange in 2013. Doosan also acquired the assets and operating liabilities of ClearEdge Power, supporting the launch of Doosan Fuel Cell America. These moves gave Doosan access to residential, commercial, and stationary fuel-cell capabilities in both South Korea and the United States. At the time, Doosan Group chairman Park Yong-man described fuel cells as a business that could become one of the group’s principal activities. Doosan Fuel Cell’s manufacturing base includes its Iksan facility. Construction began in February 2016, and mass production started in January 2017. The site was expanded in October 2022, with reported capacity reaching as much as 300 megawatts annually and 680 PAFC units per year. In 2024, the company completed a separate facility in the Saemangeum Industrial Complex in Gunsan, North Jeolla Province, designed to produce up to 50 megawatts of solid-oxide fuel-cell (SOFC) systems. The expansion reflects a move beyond the company’s established PAFC business toward additional fuel-cell architectures. A notable project was the Daesan Hydrogen Fuel Cell Power Plant in Seosan, South Chungcheong Province. In January 2018, Doosan Fuel Cell, Hanwha Energy, and Korea East-West Power established Daesan Green Energy as a special-purpose company and developed what was described as the world’s first power plant using by-product hydrogen. Doosan Fuel Cell supplied 114 units of its 440-kilowatt by-product fuel-cell systems, representing a total installed capacity of 50 megawatts, and took responsibility for maintenance. The company’s portfolio therefore spans fuel-cell equipment, large stationary generation projects, manufacturing, and service support. Its principal technology areas identified in the available reference material are PAFC and SOFC systems, with applications including distributed generation, commercial and industrial power, and power production using by-product hydrogen. Information available for this entry does not establish a complete current executive roster, detailed ownership structure, corporate website, or a comprehensive list of international markets.

Doosan Fuel Cell developed from Doosan Group’s entry into the fuel-cell industry during the 2010s. In July 2014, Doosan decided to pursue a merger with FuelCell Power, a South Korean company established in 2001 to manufacture fuel-cell systems for homes and small buildings. FuelCell Power had been listed on the KONEX market of the Korea Exchange in 2013. The transaction was part of Doosan’s effort to build a fuel-cell business covering more than one scale of application, from distributed and building-level systems to larger stationary power plants. Doosan also acquired the assets and operating liabilities of ClearEdge Power and used them to launch Doosan Fuel Cell America. This gave the group a presence in the US fuel-cell sector in addition to its South Korean operations. Doosan Group chairman Park Yong-man publicly indicated that fuel cells were intended to become an important future business for the group. The company subsequently expanded its manufacturing infrastructure. Construction of the Iksan plant began in February 2016, and the facility entered mass production in January 2017. The site became a major base for phosphoric-acid fuel-cell manufacturing. In October 2022, Doosan Fuel Cell expanded the Iksan facility, with reported production capability rising to as much as 300 megawatts and 680 PAFC units per year. Doosan Fuel Cell also participated in a major hydrogen-utilization project. In January 2018, it joined Hanwha Energy and Korea East-West Power in establishing Daesan Green Energy, a special-purpose corporation created to develop the Daesan Hydrogen Fuel Cell Power Plant in Seosan, South Chungcheong Province. The project was described as the world’s first power plant using by-product hydrogen. Doosan Fuel Cell supplied 114 of its 440 kW fuel-cell units, giving the plant a total capacity of 50 MW, and was responsible for maintenance. The company’s later manufacturing expansion broadened its technology base. In 2024, Doosan Fuel Cell completed a plant in the Saemangeum Industrial Complex in Gunsan, North Jeolla Province, with the ability to produce 50 MW of solid-oxide fuel cells. This facility complemented the company’s established PAFC production and indicated an expanded role in stationary fuel-cell technologies. Based on the available reference material, Doosan Fuel Cell remains an active Doosan-affiliated manufacturer and service provider, although a complete current corporate profile, executive list, ownership details, and market breakdown are not established here.

• 2024

  Saemangeum SOFC facility completed

  [1]Doosan Fuel Cellen.wikipedia.org

  Doosan Fuel Cell completed a Saemangeum facility designed to produce 50 MW of SOFC systems.

• 2022

  Iksan plant expansion

  [1]Doosan Fuel Cellen.wikipedia.org

  The Iksan facility was expanded to reported annual capacity of up to 300 MW and 680 PAFC units.

• 2018

  Daesan Green Energy is established

  [1]Doosan Fuel Cellen.wikipedia.org

  Doosan Fuel Cell, Hanwha Energy, and Korea East-West Power created Daesan Green Energy to develop a 50 MW by-product-hydrogen fuel-cell power plant.

• 2017

  Iksan plant begins mass production

  [1]Doosan Fuel Cellen.wikipedia.org

  The Iksan facility started mass production, supporting Doosan Fuel Cell’s PAFC manufacturing operations.

• 2016

  Iksan plant construction begins

  [1]Doosan Fuel Cellen.wikipedia.org

  Construction began on the company’s Iksan fuel-cell manufacturing facility.

• 2014

  Doosan pursues FuelCell Power merger

  [1]Doosan Fuel Cellen.wikipedia.org

  Doosan decided to pursue a merger with FuelCell Power as part of its move into residential and stationary fuel-cell businesses.

• 2014

  Doosan Fuel Cell America is launched

  [1]Doosan Fuel Cellen.wikipedia.org

  Following the acquisition of ClearEdge Power’s assets and operating liabilities, Doosan launched Doosan Fuel Cell America.

• 2013

  FuelCell Power enters the KONEX market

  [1]Doosan Fuel Cellen.wikipedia.org

  FuelCell Power became listed on the KONEX market of the Korea Exchange.

• 2001

  FuelCell Power is founded

  [1]Doosan Fuel Cellen.wikipedia.org

  FuelCell Power, later connected with Doosan’s fuel-cell business, was established as a South Korean manufacturer serving residential and small-building applications.

Doosan Fuel Cell is positioned as a Doosan Group energy-technology company focused on stationary fuel-cell generation, distributed power, hydrogen utilization, and long-term service support. Its established PAFC manufacturing base is complemented by expansion into SOFC production and projects using industrial by-product hydrogen.

• Stationary fuel-cell power generation

  PAFC fuel-cell systems

  Phosphoric-acid fuel-cell systems are a core part of Doosan Fuel Cell’s stationary-generation portfolio. The company manufactures units for distributed and larger-scale power applications, including 440 kW systems supplied to the Daesan Hydrogen Fuel Cell Power Plant. PAFC technology is used in projects requiring continuous electricity generation and can be deployed in dedicated power plants or distributed-energy installations.

• Hydrogen-fueled power generation · 2018

  By-product-hydrogen fuel-cell systems

  These systems use hydrogen generated as a by-product of industrial processes as an energy input for stationary electricity production. Doosan Fuel Cell supplied 114 440 kW units for the 50 MW Daesan Hydrogen Fuel Cell Power Plant and provides maintenance for the installed equipment. The offering links industrial hydrogen utilization with low-emission distributed power generation.

• Stationary fuel-cell power generation · 2024

  SOFC systems

  Solid-oxide fuel-cell systems represent a newer technology area in Doosan Fuel Cell’s manufacturing portfolio. The company completed a production facility in the Saemangeum Industrial Complex in 2024 with stated capacity of 50 MW. The available reference material identifies the facility and technology but does not provide a full specification or detailed commercial product range.

• 2024

  Completion of Saemangeum SOFC manufacturing facilityProduct launch

  Background

  Doosan Fuel Cell expanded beyond its established PAFC base into solid-oxide fuel-cell production.

  Action taken

  The company completed a plant in the Saemangeum Industrial Complex in Gunsan with stated production capability of 50 MW of SOFC systems.

  Aftermath

  The facility broadened Doosan Fuel Cell’s technology and manufacturing footprint, but detailed commercial output and customer information are not available in the supplied reference.

  Source

• 2022

  Expansion of Iksan PAFC manufacturingStrategy

  Background

  Doosan Fuel Cell expanded manufacturing capacity for its established phosphoric-acid fuel-cell business.

  Action taken

  The Iksan plant was expanded to reported capacity of up to 300 MW and 680 PAFC units per year.

  Aftermath

  The expansion increased the company’s ability to manufacture large numbers of stationary PAFC systems, although the reference does not provide utilization or sales figures.

  Source

• 2018

  Daesan by-product-hydrogen fuel-cell power projectProduct launch

  Background

  Doosan Fuel Cell partnered with Hanwha Energy and Korea East-West Power to develop a large stationary power project using industrial by-product hydrogen.

  Action taken

  The partners established Daesan Green Energy. Doosan Fuel Cell supplied 114 440 kW fuel-cell units, totaling 50 MW, and assumed maintenance responsibility.

  Aftermath

  The Daesan project was described as the world’s first by-product-hydrogen power plant and became a prominent demonstration of hydrogen-based stationary generation.

  Source

• 2014

  Pursuit of FuelCell Power merger and ClearEdge Power asset acquisitionM&A

  Background

  Doosan sought to establish a broader fuel-cell platform spanning residential, small-building, and stationary power applications.

  Action taken

  Doosan pursued a merger with FuelCell Power and acquired the assets and operating liabilities of ClearEdge Power, leading to the launch of Doosan Fuel Cell America.

  Aftermath

  The transactions expanded Doosan’s fuel-cell capabilities and supported its entry into the US market, although the available source does not provide financial terms or a complete integration history.

  Source

1. 1Doosan Fuel Cellen.wikipedia.org