Revealed today (March 29) the funds will be used to invest and support the development of hydrogen-powered logistic drones.
This could be a vital market in the future with drones increasingly becoming more reliable for logistic operations and transporting goods over distances. Hydrogen fuel cells provide longer flight times and thus are important for this emerging industry.
In addition to this, the hydrogen-powered drones also are zero-emission and clean helping to support the green energy industry.
DMI plans to use the investment funds on strengthening its product lineup, enhancing overseas sales capabilities, attracting top talent, and developing water-cooled fuel cells that can be applied to large mobility for transportation such as logistics.
Research and development of water-cooled fuel cell is an area that DMI is actively exploring, and is focusing on developing cargo drones and logistics drones with 10-50kg payloads with aims to commercialise them after 2025.
A spokesperson for Doosan Mobility Innovation said, “We were able to attract investments since ultra-light fuel cell market for mobility has been recognised for its future value and growth potential.
“DMI plans to expand its product line-up, diversify mobility business using fuel cell by actively entering overseas market, and become the leader in the industrial drone industry.”
North American Hydrogen Summit
H2 View is taking its events platform to America’s original clean hydrogen hub of California. Together with the California Fuel Cell Partnership (CaFCP), we will stage our North American Hydrogen Summit in San Francisco on July 14-15.
As our summit theme Building Bridges: Hydrogen hubs and investment suggests, the event will explore the $8bn of funding announced to create at least four regional hydrogen hubs in the US. These hubs will turbo-charge the nation’s progress toward heavy trucking and industrial sectors that run without producing carbon pollution – and they may just provide the path forward to a hydrogen-fuelled future.
With California and Texas vying to be America’s hydrogen capital today, where are the hubs of tomorrow? Further still, what can other states, and countries, learn from California’s success story? And how can we build bridges to a successful flow of international investment?
Our early bird offer tickets are $1,000, for a limited time only. If you are a member of the CaFCP, be sure to grab your ticket at a discounted rate with a code that can be provided to you by the events team.
Full information about this event including attendance and sponsorship packages can be found here.