Doosan Enerbility is concentrating its efforts on preoccupying the nascent small module reactor (SMR) market. It has decided to invest in X-Energy, a U.S. SMR technology developer, following its investment in NuScale Power, another U.S. SMR technology pioneer.Doosan Enerbility announced on Jan. 18 t
DL E&C announced on Jan. 18 that he has decided to make a strategic investment in X-Energy, a U.S. company developing small modular reactor (SMR) technology.DL E&C will invest US$2 million to take over the convertible bonds issued by X-Energy. Doosan Enerbility, a domestic nuclear power equipment co
The authors are analysts of Shinhan Securities. They can be reached at idh@shinhan.com and jiunmyoung@shinhan.com, respectively. -- Ed.4Q22 preview: Decent earnings considering forex effectsDoosan Bobcat’s operating profit is expected to have reached USD190mn (+45.7% YoY) on sales of USD1.72bn (+14.
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Expectations for an increase in demand for renewable energy are rising again, thanks to Hanwha Solutions’ expansion of photovoltaic manufacturing facilities in the US and Vestas’ strong order intake i
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai, will develop fuel cells for ships and power generation and secure eco-friendly hydrogen production technology, in partnership with Europe’s largest research center and a fuel cell parts manufacturer.KSOE
The International Contractors Association of Korea announced on Jan. 4 that South Korean construction companies’ new overseas contracts totaled US$30.98 billion last year to top US$30 billion for the third consecutive year.Specifically, 319 companies signed 580 contracts in 97 countries. The total w
Doosan Group is better prepared in the nuclear power plant and hydrogen sectors than any other company in the world, the group's chairman said in his New Year’s message to employees on Jan. 1.“Although a tougher business environment is expected in 2023, let’s look for growth opportunities in the
Doosan Enerbility is joining hands with research institutes at home and abroad to support the adoption of ammonia co-fired power plants in Vietnam. Using a mixture of ammonia and other existing fuels of power plants has the effect of reducing the carbon gas emissions, while maintaining the same leve
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed. Maintain BUY, target price of KRW44,000 We maintain BUY and TP of KRW44,000 on Doosan Fuel Cell. Our DCF-based TP (14.47% WACC, 3.9% TGR) implies 126.7x 12m P/E, 5.3x 12m fwd P/B and has 30.4% upside (vs.
A South Korean consortium is expected to invest US$130 million in X-Energy, an American private nuclear reactor and fuel design engineering company.The consortium is expected to include Doosan Enerbility and DL E&C and its equity ratio is estimated to be 5 percent. PEF Whale Investment is planning t
Doosan Enerbility announced on Dec. 12 that it had obtained a type certification from DEWI-OCC, the Germany-based international certification authority, for its 8MW offshore wind power system (Model Name: DS205-8MW).Since 2018, Doosan Enerbility has been pursuing the development of the 8MW large-cap
The author is an analyst of KB Securities. He can be reached at newday@kbfg.com. -- Ed. Maintain BUY; raise target price to KRW42,000 We raise our 12m TP for Doosan Bobcat by 12.0%, from KRW37,500 to KRW42,000 (12m fwd BVPS x 0.83x target), to accommodate upward revisions to earnings estimates due t
Doosan Enerbility is seeking to obtain ammonia cracking technology, a technology applicable to the field of hydrogen-fueled power generation. Ammonia cracking technology involves the process of generating hydrogen through the cracking of ammonia at high temperatures.Doosan Enerbility announced on De
The author is a strategist of NH Investment & Securities. He can be reached at lawrence.kim@nhqv.com. -- Ed. With the Covid-19 pandemic retreating, people are finally returning to the streets and resuming their normal daily lives. However, through the pandemic, the economy is now experiencing brisk
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. The Russia-Ukraine war has caused the prices of key commodities to skyrocket. As a result, interest in nuclear power plants (NPPs) is rising, and investment i
Saudi Arabia has discussed seawater desalination projects for Neom City with Korean companies that have expertise in core desalination technologies.Saudi Arabia plans to produce 100 percent of the electric power required to desalinate seawater for the eco-friendly future new city with renewable ener
Doosan Fuel Cell will export hydrogen fuel cells to China. The company announced on Nov. 21 that it has signed a hydrogen fuel cell supply contract with China’s ZKRG. The contract amount is 346.9 billion won, close to the company's entire 2021 sales of 381.4 billion won. Doosan Fuel Cell also ag
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. The global nuclear power market is rapidly expanding alongside an emphasis on carbon neutrality and energy security goals. Doosan Energy boasts a successful track record in supplying core equipme
Saudi Arabian Crown Prince Mohammed bin Salman Al Saud and South Korean President Yoon Suk-yeol met with each other in the morning of Nov. 17. They agreed to expand cooperation in the fields of energy, national defense and infrastructure construction in particular.In the afternoon, the crown prince
Doosan Enerbility announced on Nov. 14 that it aims to develop a 380MW fully hydrogen-powered turbine by 2027. The company intends to develop a turbine driven purely by hydrogen.Doosan Enerbility also plans to develop a combustor for the hydrogen turbine by 2026. The combustor is a core part of the