Bumhan Fuel Cell Co., Ltd. is a specialized hydrogen fuel cell company established in 2019 through a spin-off from Bumhan Industries Co., Ltd. The company focuses on military submarine fuel cells, building fuel cells, and hydrogen charging station businesses. It possesses unique technological capabilities, being the second in the world to successfully commercialize submarine fuel cells. Through the localization of hydrogen compressors and the construction of liquid hydrogen charging stations, the company is growing into a global leader providing integrated hydrogen energy solutions.BumhanFuelCellCo.,Ltd.isaspecializedhydrogenfuelcellcompanyestablishedin2019throughaspin-offfromBumhanIndustriesCo.,Ltd.Thecompanyfocusesonmilitarysubmarinefuelcells,buildingfuelcells,andhydrogenchargingstationbusinesses.Itpossessesuniquetechnologicalcapabilities,beingthesecondintheworldtosuccessfullycommercializesubmarinefuelcells.Throughthelocalizationofhydrogencompressorsandtheconstructionofliquidhydrogenchargingstations,thecompanyisgrowingintoagloballeaderprovidingintegratedhydrogenenergysolutions.
Key Products/TechnologiesKeyProducts/Technologies
Fuel Cells: Submarine fuel cell modules are a core product, successfully commercialized as the second in the world. These high-performance fuel cell modules are exclusively supplied to the Republic of Korea Navy's Jangbogo-III class (over 3,000-ton) submarines. As a key component of the Air Independent Propulsion (AIP) system, this technology enables long-duration underwater operations for submarines by generating electricity through hydrogen-oxygen chemical reactions. The company is also developing fuel cells for medium-sized AIP submarines and Unmanned Underwater Vehicles (UUVs), expanding its defense sector business. Building fuel cells include a diverse lineup of 5kW, 6kW, and 10kW models. The 10kW model, in particular, has achieved the highest power generation efficiency in Korea at 56.9%. Both models using city gas as fuel and those directly using pure hydrogen have obtained KGS certification. Development of a 25kW class for high-capacity building fuel cell market is underway, along with the development and prototyping of Solid Oxide Fuel Cells (SOFC) to meet future market demands. For marine applications, in collaboration with Samsung Heavy Industries, the company successfully developed a 5MW-class or higher liquid hydrogen fuel cell ship propulsion system. This technology obtained domestic first AIP (Approval In Principle) certification from DNV, a Norwegian classification society. Leading the marine mobility sector through the demonstration of ammonia-based fuel cell hybrid eco-friendly ships. The company plans to expand its market to hydrogen bus, power generation fuel cells, and more.FuelCells:Submarinefuelcellmodulesareacoreproduct,successfullycommercializedasthesecondintheworld.Thesehigh-performancefuelcellmodulesareexclusivelysuppliedtotheRepublicofKoreaNavy'sJangbogo-IIIclass(over3,000-ton)submarines.AsakeycomponentoftheAirIndependentPropulsion(AIP)system,thistechnologyenableslong-durationunderwateroperationsforsubmarinesbygeneratingelectricitythroughhydrogen-oxygenchemicalreactions.Thecompanyisalsodevelopingfuelcellsformedium-sizedAIPsubmarinesandUnmannedUnderwaterVehicles(UUVs),expandingitsdefensesectorbusiness.Buildingfuelcellsincludeadiverselineupof5kW,6kW,and10kWmodels.The10kWmodel,inparticular,hasachievedthehighestpowergenerationefficiencyinKoreaat56.9%.BothmodelsusingcitygasasfuelandthosedirectlyusingpurehydrogenhaveobtainedKGScertification.Developmentofa25kWclassforhigh-capacitybuildingfuelcellmarketisunderway,alongwiththedevelopmentandprototypingofSolidOxideFuelCells(SOFC)tomeetfuturemarketdemands.Formarineapplications,incollaborationwithSamsungHeavyIndustries,thecompanysuccessfullydevelopeda5MW-classorhigherliquidhydrogenfuelcellshippropulsionsystem.ThistechnologyobtaineddomesticfirstAIP(ApprovalInPrinciple)certificationfromDNV,aNorwegianclassificationsociety.Leadingthemarinemobilitysectorthroughthedemonstrationofammonia-basedfuelcellhybrideco-friendlyships.Thecompanyplanstoexpanditsmarkettohydrogenbus,powergenerationfuelcells,andmore.
Hydrogen Charging Stations: The hydrogen charging station construction business is a key initiative for expanding hydrogen energy infrastructure. The company entered the liquid hydrogen charging station market by being selected as the operator for the Incheon International Airport Terminal 2 parking lot liquid hydrogen charging station project. It demonstrates large-scale project execution capability by signing a contract with SK Plug Hyverse for the construction of eight liquid hydrogen charging stations for commercial hydrogen vehicles. Experience in constructing the first large-capacity hydrogen charging station for cargo trucks in Ulsan Sanggae. Proving its technological competitiveness by building a standard model for hydrogen bus charging stations based on domestically produced hydrogen compressors in Changwon Gapo. Utilizing the technological competitiveness of affiliate Bumhan Mecatech, including liquid hydrogen storage tanks, for synergistic effects. Efforts to expand the liquid hydrogen charging station business include the introduction of ultra-high pressure liquid hydrogen pumps.HydrogenChargingStations:Thehydrogenchargingstationconstructionbusinessisakeyinitiativeforexpandinghydrogenenergyinfrastructure.ThecompanyenteredtheliquidhydrogenchargingstationmarketbybeingselectedastheoperatorfortheIncheonInternationalAirportTerminal2parkinglotliquidhydrogenchargingstationproject.Itdemonstrateslarge-scaleprojectexecutioncapabilitybysigningacontractwithSKPlugHyversefortheconstructionofeightliquidhydrogenchargingstationsforcommercialhydrogenvehicles.Experienceinconstructingthefirstlarge-capacityhydrogenchargingstationforcargotrucksinUlsanSanggae.ProvingitstechnologicalcompetitivenessbybuildingastandardmodelforhydrogenbuschargingstationsbasedondomesticallyproducedhydrogencompressorsinChangwonGapo.UtilizingthetechnologicalcompetitivenessofaffiliateBumhanMecatech,includingliquidhydrogenstoragetanks,forsynergisticeffects.Effortstoexpandtheliquidhydrogenchargingstationbusinessincludetheintroductionofultra-highpressureliquidhydrogenpumps.
Hydrogen Compressors: Possessing technology for localizing hydrogen compressors by utilizing the excellent compressor technology of its parent company, Bumhan Industries. Capability to secure cost competitiveness by in-house production of compressors, a core component accounting for 50% of hydrogen charging station component costs.HydrogenCompressors:Possessingtechnologyforlocalizinghydrogencompressorsbyutilizingtheexcellentcompressortechnologyofitsparentcompany,BumhanIndustries.Capabilitytosecurecostcompetitivenessbyin-houseproductionofcompressors,acorecomponentaccountingfor50%ofhydrogenchargingstationcomponentcosts.
Core AdvantagesCoreAdvantages
Unrivaled Submarine Fuel Cell Technology: Exclusive technology, being the second in the world after Siemens Germany to successfully commercialize hydrogen fuel cells for submarines. Securing technological reliability and references by exclusively supplying fuel cell modules to the Republic of Korea Navy's Jangbogo-III class submarines. Expanding its defense business by developing fuel cells for medium-sized AIP submarines and Unmanned Underwater Vehicles.UnrivaledSubmarineFuelCellTechnology:Exclusivetechnology,beingthesecondintheworldafterSiemensGermanytosuccessfullycommercializehydrogenfuelcellsforsubmarines.SecuringtechnologicalreliabilityandreferencesbyexclusivelysupplyingfuelcellmodulestotheRepublicofKoreaNavy'sJangbogo-IIIclasssubmarines.Expandingitsdefensebusinessbydevelopingfuelcellsformedium-sizedAIPsubmarinesandUnmannedUnderwaterVehicles.
Turnkey Hydrogen Charging Station Solutions and Localization Competitiveness: Capability to supply hydrogen charging systems on a turnkey basis by utilizing domestically produced high-pressure compressor technology from its parent company, Bumhan Industries. Securing superior cost competitiveness compared to competitors by in-house production of compressors, a core component representing 50% of hydrogen charging station component costs. Ability to stably execute hydrogen charging station construction projects in line with the government's hydrogen economy activation roadmap.TurnkeyHydrogenChargingStationSolutionsandLocalizationCompetitiveness:Capabilitytosupplyhydrogenchargingsystemsonaturnkeybasisbyutilizingdomesticallyproducedhigh-pressurecompressortechnologyfromitsparentcompany,BumhanIndustries.Securingsuperiorcostcompetitivenesscomparedtocompetitorsbyin-houseproductionofcompressors,acorecomponentrepresenting50%ofhydrogenchargingstationcomponentcosts.Abilitytostablyexecutehydrogenchargingstationconstructionprojectsinlinewiththegovernment'shydrogeneconomyactivationroadmap.
Diversified Hydrogen Energy Business Portfolio: Providing integrated solutions across various hydrogen energy sectors, including fuel cell products for military (submarines), building, and marine applications, as well as hydrogen charging stations and hydrogen compressors. Technological diversification to meet future market demands through the development of high-efficiency Solid Oxide Fuel Cells (SOFC) in addition to Polymer Electrolyte Membrane Fuel Cells (PEMFC). Growth potential with plans to expand its market to hydrogen buses and power generation fuel cells.DiversifiedHydrogenEnergyBusinessPortfolio:Providingintegratedsolutionsacrossvarioushydrogenenergysectors,includingfuelcellproductsformilitary(submarines),building,andmarineapplications,aswellashydrogenchargingstationsandhydrogencompressors.Technologicaldiversificationtomeetfuturemarketdemandsthroughthedevelopmentofhigh-efficiencySolidOxideFuelCells(SOFC)inadditiontoPolymerElectrolyteMembraneFuelCells(PEMFC).Growthpotentialwithplanstoexpanditsmarkettohydrogenbusesandpowergenerationfuelcells.
Global K-Defense Linkage for Overseas Market Entry: Opportunities for global defense market entry by participating as a 'K-submarine One Team' (Hanwha Ocean, HD Hyundai Heavy Industries) in overseas submarine project bids such as Canada and Poland. Potential for overseas exports, receiving inquiries for submarine fuel cells from navies in various countries including Europe and Southeast Asia. Strengthening international competitiveness by being selected as the lead institution for the 'Development of Export-Type Submarine Fuel Cell Module Modification' national project by the Defense Technology Promotion Institute.GlobalK-DefenseLinkageforOverseasMarketEntry:Opportunitiesforglobaldefensemarketentrybyparticipatingasa'K-submarineOneTeam'(HanwhaOcean,HDHyundaiHeavyIndustries)inoverseassubmarineprojectbidssuchasCanadaandPoland.Potentialforoverseasexports,receivinginquiriesforsubmarinefuelcellsfromnaviesinvariouscountriesincludingEuropeandSoutheastAsia.Strengtheninginternationalcompetitivenessbybeingselectedastheleadinstitutionforthe'DevelopmentofExport-TypeSubmarineFuelCellModuleModification'nationalprojectbytheDefenseTechnologyPromotionInstitute.
Leading Liquid Hydrogen Charging Infrastructure Construction: Successfully entering the liquid hydrogen charging station market by winning the contract for the Incheon International Airport Terminal 2 liquid hydrogen charging station construction. Capability to lead the commercial vehicle liquid hydrogen infrastructure market through a large-scale liquid hydrogen charging station construction contract with SK Plug Hyverse. Technological expertise contributing to large-capacity charging and stability by utilizing liquid hydrogen technology, which offers higher storage and transportation efficiency compared to gaseous hydrogen.LeadingLiquidHydrogenChargingInfrastructureConstruction:SuccessfullyenteringtheliquidhydrogenchargingstationmarketbywinningthecontractfortheIncheonInternationalAirportTerminal2liquidhydrogenchargingstationconstruction.Capabilitytoleadthecommercialvehicleliquidhydrogeninfrastructuremarketthroughalarge-scaleliquidhydrogenchargingstationconstructioncontractwithSKPlugHyverse.Technologicalexpertisecontributingtolarge-capacitychargingandstabilitybyutilizingliquidhydrogentechnology,whichoffershigherstorageandtransportationefficiencycomparedtogaseoushydrogen.
Target IndustrieTargetIndustrie
Defense and Military Industry: Utilized as a core power source for naval forces, including submarines and unmanned underwater vehicles.DefenseandMilitaryIndustry:Utilizedasacorepowersourcefornavalforces,includingsubmarinesandunmannedunderwatervehicles.
Building and Residential Industry: Enhancing energy efficiency in distributed power systems for commercial buildings and residential homes.BuildingandResidentialIndustry:Enhancingenergyefficiencyindistributedpowersystemsforcommercialbuildingsandresidentialhomes.
Marine Mobility Industry: Main propulsion power for large vessels such as cruise ships and merchant ships, and eco-friendly marine solutions.MarineMobilityIndustry:Mainpropulsionpowerforlargevesselssuchascruiseshipsandmerchantships,andeco-friendlymarinesolutions.
Land Mobility Industry: Hydrogen charging infrastructure for hydrogen buses, commercial hydrogen vehicles, excavators, and forklifts.LandMobilityIndustry:Hydrogencharginginfrastructureforhydrogenbuses,commercialhydrogenvehicles,excavators,andforklifts.
Power Generation Industry: Electricity production through high-efficiency power generation fuel cell systems.PowerGenerationIndustry:Electricityproductionthroughhigh-efficiencypowergenerationfuelcellsystems.
Major MarketsMajorMarkets
Indonesia, India, MalaysiaIndonesia,India,Malaysia
Poland, ItalyPoland,Italy
CanadaCanada
Certifications/PatentsCertifications/Patents
Submarine fuel cell modules were selected as 'World-Class Products' by the Ministry of Trade, Industry and Energy in 2019.Submarinefuelcellmoduleswereselectedas'World-ClassProducts'bytheMinistryofTrade,IndustryandEnergyin2019.
Building fuel cell 5kW, 6kW, and 10kW models have completed KS and KGS certifications.Buildingfuelcell5kW,6kW,and10kWmodelshavecompletedKSandKGScertifications.
Pure hydrogen building fuel cell systems (5kW, 10kW) have obtained KGS certification.Purehydrogenbuildingfuelcellsystems(5kW,10kW)haveobtainedKGScertification.
The first domestic 5MW-class or higher marine liquid hydrogen fuel cell obtained AIP (Approval In Principle) certification from DNV, a Norwegian classification society.Thefirstdomestic5MW-classorhighermarineliquidhydrogenfuelcellobtainedAIP(ApprovalInPrinciple)certificationfromDNV,aNorwegianclassificationsociety.
Possession of high-pressure, high-durability gasket design and manufacturing technology.Possessionofhigh-pressure,high-durabilitygasketdesignandmanufacturingtechnology.
Possession of high-purity oxygen fuel cell technology.Possessionofhigh-purityoxygenfuelcelltechnology.
Confirmed as a specialized hydrogen company.Confirmedasaspecializedhydrogencompany.
Introduction
Location
61 Jayumuyeok 4-gil, Masanhoewon-gu, Changwon-si, Gyeongsangnam-do, South Korea
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Information
61 Jayumuyeok 4-gil, Masanhoewon-gu, Changwon-si, Gyeongsangnam-do, South Korea