Doosan signs $78 million SOFC stack supply contract with Reverion
The stacks will be supplied in phases through the second half of 2027. Reverion’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 other European markets.
Doosan Fuel Cell has announced that it has signed an SOFC Stack supply contract worth approximately KRW 108.7 billion (about USD 78 million) with German energy company Reverion. This represents the largest overseas export contract in the South Korean company’s history and accounts for 23.9% of its consolidated revenue as of the end of 2025, Doosan said.
Reverion previously installed Doosan Fuel Cell’s SOFC stack and completed its own performance verification. Last year, Doosan Fuel Cell became the first company in South Korea to successfully localize and mass-produce SOFC systems. This export marks the company’s entry into the global stack foundry business, which it has been pursuing as a new business area.
The stacks will be supplied in phases through the second half of 2027. Reverion’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 other European markets, Doosan said.
Reverion specializes in reversible power generation systems that generate electricity from gas and can switch into electrolysis mode when surplus electricity becomes available.
“Mid-to-low temperature SOFC technology is key to high-efficiency fuel cell systems that have already entered the mass-production stage, with its feasibility already demonstrated across various sites,” said Stephan Herrmann, CEO of Reverion. “We expect the installation of high-efficiency on-site power generation systems to accelerate across the European market in the future.”
Doosan Fuel Cell developed its mid-to-low temperature SOFC stack through technological cooperation with UK-based Ceres Power.
“This SOFC stack export is highly meaningful in that the core component foundry business has led to tangible results in the overseas markets,” said Jaedong Yoon, Executive Vice President of Doosan Fuel Cell. “Building on this export success, we will step up our efforts to secure customers globally, including North America and Europe.”
