[Hot Stock] Doosan Enerbility Jumps 7% on Gas Turbine Orders and Development

Doosan Enerbility's stock price is rising as the company signed a major gas turbine supply contract with a US company and began developing an AI combined cycle power plant.

As of 9:32 a.m. on March 10, Doosan Enerbility was trading at 103,100 won, up 6,900 won (7.17%) from the previous trading day.

On March 6, Doosan Enerbility announced that it had signed a contract to supply seven 380MW-class gas turbines to xAI, an artificial intelligence (AI) startup founded by Elon Musk. Since succeeding in localizing large gas turbines in 2019 and completing 17,000 hours of demonstration, the company has now secured a total of 23 orders, including this latest contract.

The previous day, Korea Western Power signed a memorandum of understanding with Doosan Enerbility for the development of AI-based combined cycle power generation using domestic gas turbines. After demonstration at the Gimpo Combined Heat & Power Plant in Gyeonggi Province, the technology is scheduled to be applied to the Yeosu Combined Cycle Power Plant currently under construction by Korea Western Power in Jeonnam Province. In addition, the K-Gas Turbine and K-Digital Twin packages are being simultaneously promoted for entry into overseas markets.

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