Doosan Fuel Cell disclosed the price of a contract that had been confidential since September 2025. The company will maintain a byproduct-hydrogen fuel-cell plant for Ulsan Eneroot No. 2 for 20 years. The ₩35.3 billion value excludes VAT and equals 8.57% of 2024 consolidated revenue. Service fees are paid quarterly. The agreement runs through October 14, 2046, but its value and term may change.
Doosan Fuel Cell will supply fuel-cell systems for US data centers to affiliate HyAxiom. The ₩501.4 billion contract equals 110.25% of 2025 consolidated revenue. It runs from September 1, 2026 through April 20, 2028. Payment terms are 20% upfront, 75% during delivery and 5% at completion. The filing says the price and schedule may change as the project proceeds.
Doosan Fuel Cell signed a ₩27.5bn maintenance contract with YH Power 2. The value equals 6.05% of FY2025 consolidated revenue. It covers 20 years of service at a plant using the company's fuel-cell equipment. The contract was signed on August 11, 2026 and ends March 31, 2048. Service fees are paid quarterly without an advance. The value and period may change.
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