VINSSEN

About VINSSEN

VINSSEN is a South Korean maritime technology company established in 2017, positioning itself at the forefront of the marine industry's transition to sustainable energy. The company operates in the clean technology and manufacturing sectors, focusing on the development and production of eco-friendly propulsion systems for ships. Its business model encompasses the manufacturing of hydrogen fuel cell systems and related components, alongside providing comprehensive engineering services including design, retrofitting, and after-market support. Clients range from private water transporter operators to government entities and global energy corporations.

The company was founded by CEO Lee Chil-hwan and has garnered significant financial backing through multiple funding rounds, including a Series C in 2024, to fuel its research and development and global expansion. A key milestone was the 2021 establishment of a 4,300-square-meter factory in the Daebul National Industrial Complex. VINSSEN has achieved notable successes, such as delivering Korea's first fully electric passenger ship, the "Garden Dream," in 2023 and participating in a major hydrogen fuel pilot project in Singapore with partners like Shell and Seatrium. The company has also established a branch in Singapore to target the broader Southeast Asian market.

VINSSEN’s core product offering revolves around its modular Proton Exchange Membrane (PEM) fuel cell systems, available in various power outputs such as 60kW, 100kW, and 250kW models. A distinct feature is the use of a proprietary Titanium Bipolar Plate technology, which enhances durability and reduces weight, critical factors for maritime applications. These fuel cell systems are often paired with the company's marine-grade lithium-ion battery solutions to create efficient hybrid electric propulsion systems. This integrated system, which includes the fuel cell module, converter, battery, and transformer, allows for excess energy to be stored and used during peak power demands, ensuring stable and efficient vessel operation. The company has received numerous certifications and approvals in principle from bodies like the Korean Register (KR) and Bureau Veritas (BV), validating the technology for commercial use.