Power & FacilitiesOfficial Source Text
Doosan Fuel Cell Signs Contract to Supply PAFCs for U.S. AI Data Centers
Doosan Fuel Cell has officially announced that it has signed a 501.4 billion won contract with Hi-Exium to supply phosphoric acid fuel cell systems and will sequentially deliver products for U.S. AI data centers from the second half of 2026 through the first half of 2028.
VERIFIED FACTS
Key points identified in the original text
01Supply Contract with Hi-Exium for PAFC Worth 501.4 Billion Won
02Deliveries are scheduled to take place sequentially from the second half of 2026 through the first half of 2028.
03Final service areas: United States; customer and physical location undisclosed
04The company’s total installed capacity exceeds 800 MW; the Iksan plant’s annual production capacity of 275 MW is separate from contracted volumes.
AI-DC KOREA ANALYSIS
Interpretation and the following points to verify
This contract is a direct indication from the company that Doosan Fuel Cell’s PAFC has entered the on-site power supply chain for U.S. data centers. Since the contracting party is Hi-Axium and the final supply location is the United States, this will not be reflected in the company’s domestic data center power supply, KEPCO grid connection, emergency power, or current power generation capacity performance. The company’s stated installed capacity of over 800 MW and annual production capacity of 275 MW are company-wide metrics and do not correspond to the volume of this contract or the company’s available domestic production capacity. Details regarding the client, U.S. project location, power generation capacity, gas and hydrogen procurement, emissions, and grid conditions have not been disclosed; therefore, separate verification is required prior to placing an order.
PRIMARY EVIDENCE