Stocks related to Doosan Fuel Cell, a leader in the fuel cell sector, are rising together in the early session on the 20th. As the energy policy of the Lee Jae-myung government becomes clearer, it seems investors are continuing to bet on the expansion of the fuel cell industry.
As of 9:10 a.m. on that day, Doosan Fuel Cell 2nd preferred shares rose by 2,560 won (29.98%) from the previous trading day to hit a ceiling price of 11,100 won. Doosan Fuel Cell 1st preferred shares rose 28.38%, and Doosan Fuel Cell increased 22.94%, trading at 6,830 won and 23,850 won, respectively. In the KOSDAQ market, S-Fuelcell traded at 14,050 won, up 22.81%, and Bumhan Fuel Cell was trading at 20,500 won, an increase of 14.53%.
President Lee Jae-myung has promoted growth pledges for the hydrogen industry since his time as a presidential candidate. It is interpreted that investor interest has shifted following the release of the government's energy policy blueprint on the 19th.
The National Planning and Advisory Commission revealed the government's outline during a report from the Ministry of Trade, Industry and Energy regarding the renewable energy policy. Concerning hydrogen fuel cells, they presented plans for linking solar and wind energy to green hydrogen production and developing storage technology for green hydrogen.
The National Planning and Advisory Commission stated in a press release that "the Ministry of Trade, Industry and Energy will thoroughly establish specific strategies for the real growth of our economy and industry, such as measures for expanding renewable energy like solar and offshore wind, building an energy highway, and creating RE100 industrial complexes, and will review them as national tasks."