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Doosan ships first four hydrogen fuel cells worth $13.2 Mn to China

Doosan ships first four hydrogen fuel cells worth $13.2 Mn to China
Doosan ships first four hydrogen fuel cells worth $13.2 Mn to China

Doosan Fuel Cell, a South Korean fuel cell company, has reportedly dispatched four hydrogen fuel cells, valued at around $13.2 million, to China on Monday (27th of September), marking South Korea's first ever export of the said product.

According to the Korean Ministry of Trade, the fuel cells, with a total capacity of 1.8MW, would be installed in seven apartment buildings, housing a total of 400 families, as well as a commercial building in the city of Foshan, in China’s Guangdong province. The fuel cells would be used to generate both heat and electricity for these premises.

According to Doosan Fuel Cell, a subsidiary of Doosan Heavy Industries & Construction, the fuel cells were nearly entirely built in South Korea with Korean-made components.

To commemorate the product's first overseas shipment, a ceremony was conducted at the firm's manufacturing site in Iksan, North Jeolla Province.

The export is consistent with the Industry Ministry's hydrogen plan, unveiled in 2019, which intends to sell over 7 gigawatts worth of fuel cells worldwide.

An official from the Ministry stated that the export will allow South Korea to take the lead in a market bolstered by the worldwide trend of decarbonization and hydrogen economy.

Korea, Japan, and the United States are the three primary countries that use fuel cells. The trio installed 1.02 GW of fuel cells in 2019. In the first six months of this year, that figure increased to 1.54 GW.

South Korea’s National Assembly is now debating whether to require power providers to generate a specific amount of their electricity using fuel cells in order to support local business.

Hydrogen fuel cells mix hydrogen and oxygen to generate power and heat, with the sole waste being clean water.

During the ceremony conducted at the Doosan Fuel Cell head offices in Iksan, vice minister of energy, Mr. Park Ki-young stated that the government will offer assistance so that (local firms) can reduce the cost of fuel cells by one-third by 2040 and dominate the worldwide market.

Source credit: http://www.koreaherald.com/view.php?ud=20210927000707&np=1&mp=1

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Vinisha Joshi

Vinisha Joshi

Despite graduating with an engineering degree in electronics and communication, Vinisha Joshi chose the road less travelled, and decided to pursue her career in content writing . Currently, she pens down articles for cuereport.com and a few other distinguished news platforms, pertaining to business and finance.