Doosan Škoda Power

Doosan Škoda Power a.s. is a Czech power-generation equipment company headquartered in Plzeň. Its principal business is the design, manufacture, supply, modernization, and servicing of steam turbines and associated equipment for power stations and industrial machine rooms. The company is rooted in the engineering tradition of the Škoda works and operates as part of South Korea’s Doosan Group through Doosan Enerbility. Its product range covers steam turbines for a broad set of power-generation configurations, with published capacity ranges extending from small units of approximately 5–8 MW to large machines of up to about 1,250 MW. Applications include combined-cycle gas power plants, coal-fired generation, cogeneration and district heating, nuclear power, waste-to-energy facilities, and concentrated solar power. In some descriptions of its portfolio, the company cites a range of approximately 10–1,200 MW, reflecting the way capacity is presented across different applications and product categories. Doosan Škoda Power supplies both complete new equipment and components or services for existing installations. Its work can include turbine generators, high- and low-pressure components, condensers, water heaters, bypass valves, auxiliary systems, turbine islands, and complete turbine halls. The company also retrofits and modernizes its own earlier Škoda equipment as well as turbines originally supplied by other manufacturers. Such projects may involve replacement of rotors, blading, diaphragms, casings, valves, generators, condenser components, turning gear, or other parts, together with project management, commissioning, testing, training, and warranty support. The business serves conventional and lower-carbon power systems alike. Its combined-cycle steam turbines recover energy from gas-turbine exhaust and can improve the efficiency of simple-cycle gas generation. Its district-heating turbines are designed for varying steam and heat demand, using back-pressure and condensing arrangements to support heat networks. For coal generation, the company has developed turbine technology for ultra-supercritical steam conditions of roughly 600–620 °C, while its nuclear portfolio is designed for high steam flows, demanding operating conditions, and resistance to water-drop erosion. Its waste-to-energy work commonly uses combined-cycle concepts, and its heat-exchanger portfolio includes equipment produced to HEI, ASME Code, and AD Merkblatt standards, with materials such as titanium and specialized alloys used where operating conditions require them. The company reports installations totaling more than 55,000 MW in 60 countries, and reference material identifies customers or projects in markets including the United States, Japan, Turkey, Poland, Finland, Slovakia, and the Czech Republic. Its international position therefore combines original equipment manufacturing with a substantial installed-base service and modernization business. A significant corporate milestone came on 6 February 2025, when Doosan Škoda Power became a public company through an initial public offering on the Prague Stock Exchange. The listing marked a new ownership and capital-market phase for a business that had operated within Doosan since 2009. Available reference material does not establish an independent founding year, a current chief executive, or a stock ticker, so those details remain unspecified here.

Doosan Škoda Power is part of the long-running industrial engineering tradition associated with the Škoda works in Plzeň. The supplied reference material does not provide a precise independent founding date or a complete chronology of corporate reorganizations, but it identifies the company as a manufacturer and supplier of power-station equipment whose central specialization is steam-turbine technology. The company’s engineering scope developed around turbine systems for large and technically demanding power plants. Its portfolio came to include machines for coal-fired, nuclear, combined-cycle gas, cogeneration, district-heating, waste-to-energy, and concentrated-solar-power applications. Rather than limiting its activities to the sale of individual turbines, the company also supplied generators, condensers, water-heating systems, valves, auxiliaries, turbine islands, and complete turbine-hall solutions. This broader scope allowed it to participate in both new-build projects and the continued operation of existing plants. A major stage in the company’s modern corporate history occurred in 2009, when it became part of the South Korean Doosan group. The business is identified as belonging to Doosan Enerbility within that wider group. Its Czech base in Plzeň remained central to its manufacturing and engineering identity, while its customer base became international. Reference material describes installations totaling more than 55,000 MW in 60 countries and notes a significant presence in markets such as the United States and Japan. During the 2010s, the company participated in projects across Europe and neighboring markets. In 2012 it won a contract for a 320 MW two-cylinder steam turbine for the Hatay Erzin combined-cycle gas power plant in Turkey. In the same year, it began production of a steam turbine and a broad package of auxiliary equipment for Poland’s Stalowa Wola combined-cycle plant. These projects illustrate the company’s role as both a turbine supplier and an integrator of related balance-of-plant equipment. The service and modernization side of the business has been equally important. In Finland, the company worked on modernization programs for the Salmisaari and Hanasaari heating plants. The work included new or rebuilt turbine sections, generators, valves, three-dimensional blading, diaphragms, inner casings, turning gear, spare parts, and project-management services. In Slovakia, it modernized condenser equipment at the Mochovce plant, including replacement of brass components with titanium parts and water-chamber upgrades. In the Czech Republic, it retrofitted high-pressure components on original Škoda turbines at the Dukovany nuclear power plant. It had also retrofitted high-pressure components in two 1,000 MW turbines at Temelín, supporting the continued operation of that nuclear facility. Technologically, the company has pursued higher efficiency and operating flexibility. Its combined-cycle turbines recover steam-cycle energy from gas-turbine exhaust, while its district-heating designs accommodate changing heat demand through back-pressure and condensing configurations. It has also developed equipment for ultra-supercritical coal generation at steam temperatures around 600–620 °C and nuclear turbines capable of handling very large steam flows. Heat exchangers and condensers form another part of the portfolio, with products designed to relevant international pressure-equipment and heat-exchanger standards. On 6 February 2025, Doosan Škoda Power entered the public markets through an initial public offering on the Prague Stock Exchange. This was a significant corporate milestone after more than a decade within Doosan. The available reference material does not specify the IPO size, offer price, ticker, or named executives. It does, however, establish the company’s continuing position as an active Czech manufacturer and international supplier of steam-turbine systems and lifecycle services.

1. 2025Initial public offering on the Prague Stock Exchange

   Doosan Škoda Power becomes a public company through an initial public offering on 6 February 2025.

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2. 2012Wins Hatay Erzin turbine contract

   The company wins an order for a 320 MW two-cylinder steam turbine for Turkey’s Hatay Erzin combined-cycle gas power plant.

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3. 2012Begins Stalowa Wola equipment production

   Production begins for a steam turbine and associated generator, condenser, water heaters, bypass valves, and auxiliaries for Poland’s Stalowa Wola combined-cycle plant.

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4. 2009Joins Doosan

   Doosan Škoda Power becomes part of South Korea’s Doosan group, with Doosan Enerbility identified as its parent company within the group structure.

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International, high-engineering industrial equipment supplier focused on steam-turbine systems, power-generation efficiency, and lifecycle modernization.

• Steam turbinesPower-generation equipment

  The company designs and manufactures steam turbines for outputs ranging from small approximately 5–8 MW units to machines of up to about 1,250 MW. Applications include combined-cycle gas plants, coal generation, nuclear power, cogeneration, district heating, waste-to-energy, and concentrated solar power. The range includes condensing and back-pressure configurations, as well as turbines with different cylinder and exhaust arrangements for project-specific operating requirements.

• Combined-cycle steam turbinesPower-generation equipment

  These turbines form the steam-cycle portion of combined-cycle gas power plants, using heat recovered from gas-turbine exhaust to produce additional electricity. The company also describes combined-cycle and steam-tail applications for improving the efficiency of simple gas turbines. Its waste-to-energy turbine installations frequently use related combined-cycle concepts.

• District-heating and cogeneration turbinesHeat and power equipment

  Doosan Škoda Power supplies back-pressure and condensing turbines for district-heating systems and cogeneration plants. Regulated steam extraction and controlled condenser flow allow the equipment to respond to changing electricity and heat demand. These configurations are particularly suited to markets with established heat-distribution networks, including parts of Central and Northern Europe.

• Nuclear power turbinesNuclear power equipment

  The nuclear portfolio is designed for very large steam flows and demanding operating conditions. The reference material emphasizes component sizing, control of pressure and expansion, and resistance to water-drop erosion at high temperatures. The company has also supplied retrofit work for nuclear facilities including Dukovany and Temelín in the Czech Republic and Mochovce in Slovakia.

• Ultra-supercritical steam turbinesThermal power equipment

  For coal-fired generation, the company develops turbines intended for ultra-supercritical steam conditions, with cited operating temperatures of approximately 600–620 °C. Higher steam parameters can improve plant efficiency, while the turbine design must maintain reliability under elevated temperature and pressure conditions.

• Heat exchangers and condensersPower-plant heat-transfer equipment

  The company manufactures heat exchangers to HEI, ASME Code, and AD Merkblatt standards. Its range includes high- and low-pressure water heaters, radial and axial steam-output surface condensers, and retrofit equipment for previously installed Škoda heat exchangers. Titanium and specialized alloys are used where resistance to heat, corrosion, or demanding water conditions is required.

• Modernization and retrofit servicesIndustrial services

  Doosan Škoda Power modernizes and retrofits both Škoda and third-party turbine equipment. Services can cover replacement or redesign of rotors, blading, diaphragms, casings, valves, generators, condenser components, and turning gear. Project execution may include engineering, procurement, installation support, commissioning, testing, training, warranty work, and spare-parts supply.

• 2025Pursues a public-market listingOther

  After operating within the Doosan group since 2009, the company reached the Prague Stock Exchange through an initial public offering.

  What changed. Doosan Škoda Power became a publicly listed company on 6 February 2025.

  Aftermath. The listing created a public-market ownership and reporting framework. The available reference does not state the offer size, price, ticker, or subsequent financial performance.

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• 2012Supplies major turbine packages for Turkish and Polish plantsProduct launch

  The company expanded its project activity in combined-cycle generation through contracts in Turkey and Poland.

  What changed. It won the Hatay Erzin 320 MW turbine contract and began production of a turbine, generator, condenser, water heaters, bypass valves, and auxiliaries for Stalowa Wola.

  Aftermath. The projects demonstrated the company’s ability to provide both large steam turbines and broader turbine-island equipment packages for international power plants.

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• 2025Doosan Škoda Power becomes publicly listed on the Prague Stock Exchange

  The company completed an initial public offering and became publicly traded on the Prague Stock Exchange on 6 February 2025.

  M&AOther
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• 2012Doosan Škoda Power wins a contract for a 320 MW turbine at Turkey’s Hatay Erzin plant

  The company won a contract to supply a two-cylinder, 320 MW steam turbine for the Hatay Erzin combined-cycle gas power plant in Turkey.

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• 2012Production begins for equipment for Poland’s Stalowa Wola combined-cycle plant

  Doosan Škoda Power began producing a steam turbine and associated equipment for the Stalowa Wola combined-cycle power plant, including a generator, condenser, water heaters, bypass valves, and other auxiliaries.

  Product launchOther
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1. Doosan Škoda Power