Doosan Enerbility plans to invest 1.3 trillion won ($950 million) to expand production capacity for gas turbines and small modular reactors, positioning itself for anticipated US orders in the second half of 2025.
The South Korean power equipment manufacturer revealed plans to increase annual gas turbine production from six to eight units during a recent analyst briefing, according to industry sources. The company is also weighing further expansion to 20 units if demand surges from AI data centers.
The capital commitment supports Doosan’s ambitious target to reach 1 trillion won in operating profit by 2029, though the company hasn’t detailed the specific timeline for achieving its expanded production capabilities.
Energy analysts note the move comes as global power demands increase, particularly from electricity-hungry AI infrastructure projects. Gas turbines remain attractive for grid stability while the SMR market develops as countries pursue nuclear options with smaller footprints.
Despite the aggressive expansion plans, Doosan faces significant challenges from established Western manufacturers with long-standing US relationships. The company will need to demonstrate it can deliver on schedule while maintaining quality standards to capture market share in the competitive power generation equipment sector.
