Doosan Enerbility history, company profile (overview) and history video
Doosan Enerbility Co., Ltd., formerly known as Doosan Heavy Industries & Construction Co., Ltd., is a heavy industrial company headquartered in Changwon, South Korea.
The company offers energy solutions for thermal power, nuclear power and renewable energy. Its eco-friendly energy solutions involve gas turbines, wind power, solar energy, and hydrogen energy.
The name “Enerbility” combines the words “energy” and “sustainability”.
Doosan Enerbility was established in 1962 as Hyundai Yanghaeng. It started out as a trading firm, importing raw materials and equipment for manufacturing and construction as well as cement.
In 1973, Gunpo Plant was built in Gunpo, Gyeonggido, to produce castings, machinery and forgings paving the way for the company’s growth into a machinery and heavy industry company.
In 1978, the company won its first desalination project to supply equipment to the Farasan project in Saudi Arabia.
In 1980, the company was renamed Hanjung as a government-invested public enterprise.
In 1982, the construction of Changwon Plant, one of the world’s largest integrated manufacturing plants at the time, was completed.
In 1994, the construction of the First Korea-Standard Thermal Plant was completed.
In 1995, the company entered the nuclear plant market in China.
In 1995, HANVICO was also set up as a joint venture between Doosan Heavy Industries & Construction and the state-run heavy manufacturer DMF of Vietnam.
In 1999, Doosan Heavy Industries & Construction was integrated with several other domestic power industries.
In 2000, the company became public and was listed on the Stock Exchange.
In 2000, a consortium led by the Doosan Group selected the preferred bidder to acquire Korea Heavy Industries & Construction (Hanjung) and Doosan’s acquisition of Hanjung is considered to be one of the most successful privatizations and M&As in Korea’s history.
In 2001, Korea Heavy Industries and Construction Co., Ltd. was renamed as Doosan Heavy Industries & Construction Co., Ltd. after privatization.
In 2005, the company acquired the water treatment business of AES of the US (currently Doosan Hydro Technology).
In 2006, it won an order for the World’s largest Coal-fired thermal power plant in Mundra, India. It also established Water R&D Center in Dubai and Tampa.
In 2006, the company also acquired Kvaerner IMGB (IMGB Romania), Romania’s largest casting and forging manufacturer.
In 2007, it won the Shauibah Phase 3 Expansion RO project in Saudi Arabia, the company’s first RO project.
In 2008, the company made a strategic alliance with Burns & Roe, a global leader in the engineering and designing of coal-fired power plants.
In 2009, Doosan Heavy Industries & Construction acquired the Czech-based Skoda Power, and enhanced its core power product line of boilers, turbines, and generators. It also opened the Doosan Vina Plant in Vietnam.
In 2010, the company participated in a consortium led by Korea Electric Power Corporation (KEPCO) that won a project in the UAE to supply major equipment for APR1400 nuclear units.
In 2010, Doosan Power Systems was formed to coordinate the operations of Doosan Babcock of the UK and Skoda Power of the Czech Republic, providing total power solutions to Europe and the Americas.
In February 2011, the India-based boilermaker Chennai Works (currently Doosan Power Systems India) was acquired.
In November 2011, subsidiary Doosan Power Systems (DPS) acquired German-based Lentjes (currently Doosan Lentjes).
In 2012, the company acquired the UK-based Enpure (currently Doosan Empure). Also in 2012, Indian subsidiary DPSI won orders from India’s state-owned power utility NTPC.
In 2013, the company entered the Latin American market with Escondida Plant in Chile.
In 2014, it entered the Central Asian Power Market with Karabatan Plant in Kazakhstan.
In 2015, the company entered into the South African Power Market.
In 2016, Doosan Heavy Industries & Construction acquired 1Energy Systems (now known as Doosan GridTech), a company (US Energy Storage System Firm) that possesses fundamental technology in ESS (energy storage system) control systems.
In 2016, Jeju Tamra Offshore Wind Farm, Korea’s firs commercial offshore wind power complex, was also launched.
In 2017, the company acquired ACT Independent Turbo Services (ACT), a US gas turbine service company, and established Doosan Turbomachinery Services. It also acquired the 5.5MW offshore wind power technology developed by Hyundai Electric & Energy Systems.
In 2018, the company entered the Wind Power Market in Vietnam.
In 2020, Doosan expanded its hydropower business by participating in the development of the Upper Trishuli-1 hydropower plant in Nepal and a hydropower plant in Pakistan. It also signed the contract to build Korea’s first hydrogen liquefaction Plant, together with Gyeongnam Province, Changwon City and Changwon Industry Promotion Agency (CWIP).
In 2022, Doosan Heavy Industries & Construction changed its name to Doosan Enerbility.
*Information from Forbes.com, Wikipedia.org, and www.doosanenerbility.com/en
**Video published on YouTube by “Doosan Lentjes“