- SOFC, one of the 3rd generation fuel cells… Developing a Korean model with improved efficiency and life
- Investing 72.4 billion won including building production facilities with the goal of mass production in 2024
- Joint development of core parts mass production technology with British companies
Doosan FuelCell is developing a’Korean-style solid oxide fuel cell (SOFC)’ for high-efficiency power generation.
The key is to localize cells and stacks, the core parts of SOFC, and to mass-produce Korean-style SOFC systems in Korea from 2024. Doosan Fuel Cell, which has the core technologies of polymer electrolyte fuel cell (PEMFC) and phosphoric acid fuel cell (PAFC), will expand its fuel cell portfolio to SOFC, one of the 3rd generation fuel cells.
Doosan Fuelcell held a board meeting on the 19th and announced that it had approved the investment plan for Korean SOFC production facilities. It plans to invest 72.4 billion won by the end of 2023 to build a power generation SOFC cell stack manufacturing line and an SOFC system assembly line.
On the same day, Doosan FuelCell signed a technology agreement with Ceres Power, a British SOFC technology company, for SOFC development. According to this agreement, Doosan FuelCell, Cell Stack, a key component of Ceres Power and SOFC for power generation. Cooperate in the development of mass production technology and production equipment for
SOFC, which operates at a high temperature of 800℃ or higher, is one of the fuel cell power generation systems with higher power efficiency compared to other fuel cell types. Due to its high power efficiency, it is preferred in a power-generation environment that requires only power excluding heat. Doosan FuelCell plans to develop an SOFC with improved power efficiency and improved life expectancy while operating at 620°C, which is about 200°C lower than before.
Yoo Soo-kyung, CEO of Doosan Fuel Cell, said, “We will diversify our portfolio of fuel cells such as PEMFC, PAFC and SOFC by developing a’Korean-style high-efficiency SOFC’, and respond flexibly to the needs of customers and markets.” I will lead the construction.”
Prior to this, Doosan FuelCell announced a capital increase worth 342 billion won last month to expand production lines for hydrogen fuel cells in line with market expansion. Through the capital increase, the production scale of the 63MW plant in Iksan will be increased by more than four times to 260MW, while R&D and related manufacturing facilities such as Korean high-efficiency SOFC technology development and localization will be established, and new businesses related to the hydrogen industry and application development will be promoted Plan.
As a result of Doosan FuelCell’s own analysis, as the domestic Green New Deal policy and the hydrogen economy policies of major global countries are materialized, the size of the hydrogen fuel cell market in 2023 is expected to nearly double from 300MW to 580MW.
Recently, Doosan FuelCell raised its sales target for 2023 by 50% from KRW 1 trillion to KRW 1.5 trillion.