Doosan Fuel Cell Signs 108.7 Billion KRW SOFC Stack Contract with Liberion

Doosan Fuel Cell signed a solid oxide fuel cell (SOFC) stack supply contract worth approximately 108.7 billion KRW with German energy company Liberion, disclosed on the 5th. The contract represents about 23.9% of Doosan Fuel Cell's 2025 consolidated revenue and marks the largest export deal in the company's history. This agreement is the first commercial achievement of Doosan Fuel Cell's global stack foundry business, with sequential deliveries planned through the second half of 2027 to supply Liberion's next-generation fuel cell systems for eco-friendly power facilities in Germany and Europe.

Doosan Fuel Cell Signs 108.7 Billion KRW Contract with German Liberion

Doosan Fuel Cell disclosed the supply agreement with Liberion on the 5th, with the contract value reaching approximately 108.7 billion KRW. The amount equals roughly 23.9% of the company's 2025 year-end consolidated revenue, making it the largest export contract in Doosan Fuel Cell's history. The agreement marks a significant milestone as the first commercial outcome of the company's global stack foundry business initiative.

Doosan Fuel Cell-Liberion Contract Signing Ceremony [Source: Doosan Fuel Cell]

Sequential Stack Deliveries Planned Through Second Half of 2027

Doosan Fuel Cell plans to deliver SOFC stacks sequentially through the second half of 2027. Liberion's next-generation fuel cell systems equipped with Doosan Fuel Cell's SOFC stacks will be supplied to eco-friendly power generation facilities in Germany and across Europe.

Mid-Low Temperature SOFC Stack Operates at 620°C

The product Doosan Fuel Cell will supply is a mid-low temperature SOFC stack commercialized through technology cooperation with UK-based Ceres Power. Unlike conventional SOFC systems, the stack operates at approximately 620°C, a mid-low temperature range that delivers high power efficiency while ensuring operational stability and durability. The relatively lower operating temperature broadens material selection options and provides advantages in securing component lifespan.

Doosan Fuel Cell Targets Global Customer Expansion

Doosan Fuel Cell plans to accelerate global customer acquisition, including in North America and Europe, using this export contract as a foundation.

FAQ

What did Doosan Fuel Cell announce on the 5th? Doosan Fuel Cell disclosed a solid oxide fuel cell (SOFC) stack supply contract worth approximately 108.7 billion KRW with German energy company Liberion on the 5th. The contract represents about 23.9% of the company's 2025 consolidated revenue and is the largest export deal in Doosan Fuel Cell's history.

How does Doosan Fuel Cell's SOFC stack differ from conventional systems? Doosan Fuel Cell's SOFC stack is a mid-low temperature system developed through technology cooperation with UK-based Ceres Power. It operates at approximately 620°C, lower than conventional SOFC systems, delivering high power efficiency while ensuring operational stability and durability. The lower operating temperature broadens material selection options and provides advantages in securing component lifespan.