Doosan Fuel Cell Wins KRW 501.4 Billion U.S. AI Data Center Deal

In recent hydrogen news, Doosan Fuel Cell Co., Ltd. has taken a major step into the U.S. hydrogen data centers market by securing a KRW 501.4 billion (around USD 360 million) contract with its U.S. subsidiary, HyAxiom, Inc.. Under the agreement, the subsidiary will deploy phosphoric acid fuel cell (PAFC) systems as behind-the-meter power solutions at artificial intelligence facilities across the United States, with deliveries staged between the second half of 2026 and the first half of 2028.

Background of Doosan Fuel Cell

Doosan Fuel Cell became a public company in late 2019 after Doosan Corporation carved out its fuel cell division and listed it on Korea’s KOSPI exchange. Specializing in stationary fuel cell manufacturing and long-term maintenance services, the company designs and produces both PAFC and solid oxide fuel cell (SOFC) systems. It has built what it describes as Korea’s largest fuel cell factory in Iksan, expanding capacity to roughly 300 MW per year of PAFC output. Over the years, the firm has led landmark domestic projects, including a 50 MW by-product hydrogen power plant in Daesan and multiple 100 MW-scale utility ventures, while also exporting systems to China and, more recently, SOFC stacks to Europe.

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