April 20, 2024
Industrials
Doosan to co-develop solid oxide fuel cell power systems with Ceres
Doosan Corp., a major fuel cell power systems developer in South Korea, said on July 16 it has signed an agreement with British fuel cell technology firm Ceres Power to co-develop a solid oxide fuel cell power system.
Under the agreement signed in Seoul, Doosan and Ceres will jointly develop SOFC distributed power systems.
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The agreement includes licensing, technology transfer and engineering services. The two sides will focus on developing a 5-20 kilowatt low-carbon power system over the two years, according to Doosan.
Doosan entered the fuel cell market in 2014 after acquiring local firm Fuel Cell Power and US-based ClearEdge Power.
Last year, the company secured more than 1 trillion won ($848 million) in orders.
By Ram Garikipati and newswires (ram@heraldcorp.com)
