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Doosan Fuel Cell Secures First Export Deal for Key SOFC Component
🇰🇷 South Korea /Economy & Trade

Doosan Fuel Cell Secures First Export Deal for Key SOFC Component

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Doosan Fuel Cell has secured its first export contract for Solid Oxide Fuel Cell (SOFC) stacks.
  • The company will supply stacks produced with its proprietary technology to Reverion GmbH, a German energy firm, in a deal worth approximately 108.7 billion won.
  • This marks the largest export contract in the company's history and is expected to contribute significantly to its revenue in 2025.

Doosan Fuel Cell is set to make a significant entry into the European market with its first export of Solid Oxide Fuel Cell (SOFC) stacks. The South Korean company announced on the 5th that it has signed a substantial supply contract with Reverion GmbH, a specialized energy company based in Germany.

The agreement, valued at approximately 108.7 billion won (about $78 million USD), involves the delivery of SOFC stacks manufactured using Doosan Fuel Cell's proprietary production technology. This marks a major milestone for the company, representing its largest export deal since its inception.

This landmark contract is projected to significantly bolster Doosan Fuel Cell's financial performance. The company anticipates that the exports will contribute approximately 23% to its consolidated revenue by the end of 2025. The deal underscores Doosan Fuel Cell's growing capabilities in advanced fuel cell technology and its strategic expansion into international markets.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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