Doosan Corporation built a fuel cell production plant by investing about 40 billion won in a 10,744-square-meter site in the 2nd General Industrial Complex in Iksan City of North Jeolla Province and held a ceremony in honor of the completion of the plant on May 23. Fuel cells generate electricity and heat through electrochemical reactions between hydrogen and oxygen. They are eco-friendly power generation facilities which record high energy density thanks to its high utilization rate and small installation area.
The completion of the Iksan plant earned Doosan Corporation the largest domestic fuel cell production base with a total of 144 units of 440 kW per year (total of 63 MW) and is able to respond quickly to domestic and overseas fuel cell demand along with a fuel cell plant in Connecticut, the US.
The Iksan plant has improved its quality and production capacity a great deal by automating production of stacks which play a key role in fuel cells, and has achieved cost competitiveness by localizing the BOP * (Balance of Plant) produced in the US.
Doosan Corporation built a stable production and supply system for electrodes, which are a main product to help hydrogen and oxygen react but were imported from overseas companies. The company will also continue to research and develop eco-friendly technologies and beginning in 2018, produce fuel cells that use by-product hydrogen as fuel and supply them to the Daesan Petrochemical Complex in South Chungcheong Province.
"By constructing the Iksan plant, we are able to contribute to the development of the new and renewable energy business in Korea and the creation of jobs. Localizing parts with more than 80 partners prunes costs and enhance product competitiveness,” said Dong Hyun-soo, president of Doosan Corporation. “We will make a foray into new markets such as Europe based on accumulated technology."