Doosan Fuel Cell announced that its U.S. subsidiary, HyAxiom, has signed a supply contract for phosphoric acid fuel cells (PAFC) worth 322.2 billion won ($242 million) on September 15. This follows a 501.4 billion won contract earlier this month, bringing the total contract value between the two companies to 823.6 billion won.
The products from this latest order will be supplied to North America through HyAxiom starting in 2028. HyAxiom will provide engineering, commissioning, and long-term service agreements (LTSA) for these products.
This additional order reflects the growing demand for on-site power generation systems near data centers, driven by increased power needs from artificial intelligence (AI) data centers. Fuel cells are emerging as a leading on-site power solution due to their short installation times and modular structure, allowing for incremental expansions.
In the past month, Doosan Fuel Cell has secured approximately 930 billion won in overseas orders, including a 108.7 billion won contract for solid oxide fuel cell (SOFC) stacks with Germany's Reverion GmbH in August. Combined with domestic supply contracts, the total order value for the year has reached approximately 1.1 trillion won.
A representative from Doosan Fuel Cell stated, "This additional order is a recognition of our product competitiveness and supply responsiveness in the U.S. market. We will do our utmost to ensure stable delivery and quality management."
Meanwhile, Doosan Fuel Cell is expanding its business beyond the domestic power generation fuel cell market into overseas markets in North America and Europe. By broadening its product range to include SOFCs in addition to PAFCs, the company aims to increase orders targeting new power demands from data centers and distributed power sources.
* This article has been translated by AI.
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