- In a bid to create hydrogen fuel cell industrial ecosystems and to grow a vibrant regional economy.
- Doosan Fuel Cell rolls up its sleeves to “localize fuel cell power generation technology.”
Doosan Fuel Cell signed a memorandum of understanding with North Gyeongsang Province, Pohang City, Korea Hydro & Nuclear Power, Pohang University of Science & Technology, and Pohang Techno Park for ‘Hydrogen Fuel Cell Power Generation Cluster’ on June 8
It intends to help foster ecosystems where the world’s most advanced fuel cell industry can thrive under the H2 economy roadmap and benefit local economies.
The signing ceremony was joined by Cheolwoo Lee, governor of North Gyeongsang Province, Kangdeok Lee, mayor of Pohang City, Sookyung Yoo, CEO of Doosan Fuel Cell, and 100 industrial, academic and institutional stakeholders.
The project is built around a shared belief that Pohang’s mature fuel cell R&D infrastructure and collaboration between industry and academia is worth leveraging. 242.7 billion won will be invested under the plan from 2021 to 2025. The goal of the cluster is to integrate relative companies at Yeongil Bay Industrial Complex and create hydrogen supply chain to drive new business formation and ecosystems.
This project is expected to contribute to 40 corporate relocations and 100,000 new jobs which in turn would create KRW 3.8 trillion added values.
Corporates and stakeholders involved in the agreement chose to promote
i) fuel cell business complex, ii) fuel cell certificate system, iii) fuel cell testbed, iv) fuel cell experts, and
v) fuel cell operations & maintenance technology at Yeongil Bay Industrial Complex.
“Doosan Fuel Cell will stay committed to utility scale technology localization by building upon superb fuel cell infrastructure and R&D facilities in Pohang,” said Sookyung Yoo, CEO of Doosan Fuel Cell. “Our long term goal is to become a global leading fuel cell tech company while developing diverse product portfolios.”