Doosan Fuel Cell Secures $233M U.S. Fuel Cell Supply Deal
Doosan Fuel Cell is accelerating its expansion into the North American market with another major fuel cell supply contract, just two weeks after securing a large-scale order from the same customer.Doosan Fuel Cell said Tuesday that it had signed a 322.2 billion won ($233 million) contract with HyAxi
Doosan Fuel Cell has sealed a $233 million deal with HyAxiom, the U.S. subsidiary of Doosan Corp., to supply phosphoric acid fuel cell systems. This brings the total value of Doosan Fuel Cell's agreements with HyAxiom to 823.6 billion won. The latest contract will supply systems in phases starting in 2028, with HyAxiom providing engineering, commissioning, and maintenance services.
The surge in electricity demand from data centers, driven by the growth of artificial intelligence infrastructure, has made on-site power generation an attractive solution. Fuel cells are gaining attention for their quick installation and modular configurations, allowing for scalable power generation. Doosan Fuel Cell's consecutive contracts with HyAxiom signal strong demand for its fuel cell systems in North America.
The company is also expanding into international markets, signing a $108.7 million agreement with Germany's Reverion GmbH for solid oxide fuel cell stacks. Overall, Doosan Fuel Cell is capitalizing on the growing demand for dedicated and on-site power generation as AI infrastructure reshapes the global power market.
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