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Press Release
- Promote the implementation of this business model to city gas suppliers nationwide
Doosan Fuel Cell is developing a new fuel cell business model in cooperation with city gas suppliers and local communities.
▲Following the MOU ceremony, Seungjun Lee, Head of Division at Doosan Fuel Cell (center in the photo) is taking a commemorative photo with Junseok Kim, CEO of Seorabeol City Gas (far right), and Byeongcheol Choi, Head of Division at GnC Energy (far left).
On June 16th, Doosan Fuel cell signed a memorandum of understanding (MOU) with Seorabeol City Gas and GnC Energy at its Dongdaemun Doosan Tower to collaborate on 'Energy Business to Boost Regional Energy Welfare.'
Under the MOU, Doosan Fuel Cell will provide fuel cells supply and LTSA (Long term service agreement) services, while Seorabeol City Gas will supply city gas within the region, support business-wise infrastructure, and share responsibilities for LTSA. GnC Energy will undertake business development, investment, and EPC (engineering, procurement, construction) services.
Doosan Fuel Cell, Seorabeol City Gas and GnC Energy will jointly build hydrogen fuel cell power plants in regions with demand for distributed energy and city gas and supply electricity, heat, and city gas, delivering optimal energy solutions tailored to the specific needs of each locality. This is expected to reduce local communities’reliance on external power sources and lower energy costs, ultimately enhancing regional energy self-sufficiency.
Leveraging this business cooperation with Seorabeol City Gas, Doosan Fuel Cell seeks to capitalize on business opportunities by expanding the model to over 30 city gas suppliers across the country. In addition, the LTSA service will be partially delegated to city gas suppliers to optimize resource utilization by Doosan Fuel Cell and improve overall service quality.
A Doosan Fuel Cell’s Vice President Seungjun Lee stated, “This MOU will promote energy self-sufficiency in local communities by creating synergy through each company's strengths. It is also significant as a mutually beneficial business model that creates a win-win for both the companies and local communities." He added, "Going forward, we are committed to developing region-specific business models and actively pursuing new order opportunities.
