HD Hydrogen raises 18 billion won ahead of mass production of hydrogen fuel cells

HD Hydrogen will raise KRW 18 billion from its largest shareholder, HD Korea Shipbuilding & Offshore Engineering, through a rights offering.

The funds will support operating capital for full-scale production of SOFC-based hydrogen fuel cells and electrolyzer systems.

HD Hydrogen has already secured a Pyeongtaek site and a dedicated production line for mass production.

The capital injection is expected to speed up commercialization and stabilize production in the early ramp-up phase.