South Korea’s government is scaling back its revenue-guarantee scheme for hydrogen fuel cell power plants, prompting industry concerns over project viability and the future of its hydrogen economy.
Doosan Fuel Cell is the company at the center of the news item. Its official materials describe it as a developer of environmentally friendly, high-efficiency fuel cells for power generation, and its investor pages list PAFC, SOFC, and PEMWE as core technology areas. The company was formed as a spin-off from Doosan Cor
Doosan Fuel Cell is a major Korean fuel cell manufacturer that supplies hydrogen fuel cell systems for distributed power generation projects and has an MOU with Seorabeol City Gas and GnC Energy to jointly build hydrogen fuel cell power plants where there is demand for distributed energy and city gas; while the Nawon-r
Formerly Doosan Heavy Industries & Construction, Doosan Enerbility independently developed and commercialized a 380 MW-class large gas turbine, becoming the first in Korea and fifth worldwide to do so, and now targets AI data center power markets with hydrogen-ready gas turbines and SMR-based solutions.[3][4][8]
Founded in 1896, Doosan has evolved into a global industrial group and is positioning itself as a key provider of customized energy solutions for AI-era data center power demand, centered around large gas turbines, SMRs, and fuel cells showcased at CES 2026.[1][3][7][8]
Doosan Fuel Cell was founded as part of the Doosan Group, listed on KRX in 2020, and has since developed a range of hydrogen fuel cell products including PAFC, PEMFC, and is working on SOFC. It leads the domestic hydrogen power generation market (62% market share as of 2023) and has multiple international projects and
Founded as part of Doosan Group's efforts in clean energy, Doosan Fuel Cell has advanced hydrogen solutions including the commercialization of solid oxide fuel cells (SOFC) and collaborates closely with technology and material partners. It is a leading supplier of hydrogen fuel cell technology especially aimed at stati
Founded in 1962 (formerly Doosan Heavy Industries & Construction), Doosan Enerbility has grown to become a major player in the global energy and construction equipment sector. In recent years, it has strategically shifted toward eco-friendly energy solutions such as hydrogen and ammonia, aligning with global decarboniz
Doosan is one of Ceres Power's manufacturing partners. In July 2025, Doosan began producing fuel cell systems with Ceres' solid oxide technology, moving toward mass market launch. Doosan is directly involved in scaling manufacturing capacity for stationary power using SOFCs[3].
Founded in 2019 as a part of Doosan Group. Doosan Fuel Cell is a leading supplier of Phosphoric Acid Fuel Cells (PAFC) and has completed various large-scale fuel cell projects in South Korea and exported hydrogen fuel cells internationally. Recently, it signed a long-term service agreement for the Ulsan hydrogen plant,
Doosan Mobility Innovation is a prominent player in the hydrogen fuel cell drone segment, with a focus on endurance drones for industrial, logistics, and surveillance applications. The company leverages South Korea's strong hydrogen economy and innovation clusters.
Doosan Enerbility, formerly known as Doosan Heavy Industries, is a major South Korean engineering firm specializing in power plant equipment and construction. Founded in 1962, the company has recently pivoted toward green and hydrogen energy technology development as part of Korea’s push for decarbonization.[1][4]
A South Korea-based manufacturer of advanced fuel cell systems, Doosan Fuel Cell is partnering with KOSPO to integrate its PEMFC and SOFC technologies into the grid for enhanced flexibility and stability.
A South Korea-based company specializing in Solid Oxide Fuel Cells and other hydrogen technologies, it is expanding domestic production and leveraging its parent company's power generation experience.
Doosan Fuel Cell is preparing to enter South Korea's hydrogen bus market through its subsidiary HyAxiom Motors, positioning itself as a key player in sustainable transportation.
Engineering and infrastructure lead for the Yeongam hydrogen fuel cell project. Doosan Enerbility has encountered market challenges and recently canceled a spinoff plan amid restructuring efforts.
