HD Korea Shipbuilding & Offshore Engineering has acquired Finnish fuel cell company Convion for approximately €72 million, signaling its strategic move into the hydrogen fuel cell market. Convion, based in Helsinki, Finland, specializes in solid oxide fuel cells (SOFC) and solid oxide electrolysis cells (SOEC), known for their high efficiency in clean energy applications. This acquisition aligns with HD Korea's aim to secure a leading position in the growing hydrogen fuel cell market. The company plans to utilize Convion's advanced technology to enhance its capabilities in this sector. The global market for hydrogen fuel cells and electrolysis is expected to expand significantly, reaching 55 trillion won by 2040. HD Korea Shipbuilding's strategy involves two tracks: HD Hydrogen for domestic power generation and marine applications, and Convion for technology development and European business expansion. This move follows the company's previous investments in the fuel cell sector, emphasizing its commitment to advancing clean energy technologies. Hydrogen fuel cells are crucial for clean energy and emission reduction. SOFCs offer high efficiency and fuel flexibility, while SOECs are essential for green hydrogen production through electrolysis.