Doosan Fuel Cell is a South Korean company affiliated with Doosan that manufactures fuel cells. Its subsidiary, HyAxiom Motors, produces eco-friendly commercial vehicles.
History
In July 2014, Doosan decided to pursue a merger with FuelCell Power, as the country's residential fuel cell company. FuelCell Power is a residential and small building fuel cell manufacturer founded in 2001 and was listed on the KONEX market of the Korea Exchange in 2013. And the company acquired the assets and operating liabilities of Clearedge power to launch Doosan Fuel Cell America.[1] Doosan Group Chairman Park Yong-man said, "We will develop the fuel cell business into Doosan’s main business in the future."[2]
In January 2018, Doosan Fuel Cell, Hanhwa Energy, and Korea East-West Power established a special purpose corporation, Daesan Green Energy, and built the world’s first by-product hydrogen power plant, the Daesan Hydrogen Fuel Cell Power Plant, in Seosan, South Chungcheong Province. Doosan Fuel Cell supplied 114 units of its 440kW by-product fuel cells (total capacity 50MW) to the power plant and is responsible for its maintenance.[3]