UK fuel cell technology specialist Ceres Power has signed a collaboration agreement with South Korea’s Doosan to jointly develop highly efficient fuel cell power systems.
Doosan is now adding solid oxide fuek cell (SOFC) technology to its fuel cell portfolio through a system licence for Ceres Power’s world leading SteelCell SOFC technology.
Both parties have agreed to jointly develop a 5-20KW low carbon power system for use in the commercial stationary power market.
Doosan and Ceres intend to explore an expansion of the collaboration to access broader applications within South Korea and internationally as well as the potential to broaden the collaboration to include manufacturing.
Both fuel cells and hydrogen have become a central part in South Korea’s energy transformation as they provide a stable and flexible power supply that helps balance an increase in the intermittent energy production from solar and wind power.
The South Korean government is targeting fuel cell power generation to reach 15GW by 2040 and has recently announced several initiatives to promote increased use of both renewable power generation and hydrogen technology.
“South Korea is a key market for us given their ambition to be a world leader in hydrogen and fuel cells,” said Phil Caldwell, CEO of Ceres Power.
“Doosan have clearly established themselves as the leader in this sector and are the ideal partner for us to enter into the Korean market, adding to our strategic partnerships with Weichai in China and Bosch.”
JH Seo, Executive Vice-President of Technology Strategy at Doosan Corporation, added, “Doosan continues to invest and expand on our leading position in the fuel cell sector. We are delighted to partner with Ceres Power to jointly develop world-leading SOFC systems.”