Doosan Škoda Power

What Doosan Škoda Power does

Doosan Škoda Power a.s. is a Czech-based manufacturer of steam turbine-generator sets for power generation, headquartered in Pilsen. Founded in 1859, the company designs and produces customized steam turbines ranging from 3 to 1,300 MW for nuclear, fossil-fuel, combined heat and power (CHP), biomass, waste-to-energy, and concentrated solar power (CSP) applications. The company has supplied over 540 steam turbines globally, with a particularly deep installed base across European nuclear power plants, and has been a subsidiary of South Korea's Doosan Enerbility (formerly Doosan Heavy Industries & Construction) since 2009.

The company's product portfolio includes standardized turbines such as the DST-S10 (95 MW back-pressure for district heating) and DST-G10 (15–19 MW single-casing for waste-to-energy and biomass), generator sets including 1,086 MW nuclear-class units, heat exchangers, and the Turbo Life Care System (TLCS) for lifecycle monitoring and diagnostics. Beyond equipment, it provides comprehensive OEM and non-OEM maintenance, modernization, retrofit, and spare parts services, which generate recurring service revenue tied to the installed base of more than 540 turbines.

Doosan Škoda Power generates revenue through direct enterprise sales to utilities, nuclear operators, and industrial energy producers, delivered via EPC contracts and equipment supply agreements; pricing is project-based and not publicly disclosed. The company listed on the Prague Stock Exchange (BCPP) on February 6, 2025 under ticker DSPW, with parent Doosan Enerbility retaining a minimum 67% stake. Named customers include ČEZ, Fortum, KHNP, ORLEN Group, AKSA Energy, and PAPREC Engineering, spanning the Czech Republic, Poland, Finland, Kazakhstan, France, and other markets.

Name

Doosan Škoda Power

Legal name

Doosan Škoda Power a.s.

Website

https://doosanskodapower.com

Company type

Public

Founded year

1859

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Doosan Škoda Power is a Czech manufacturer of steam turbine-generator sets (3–1,300 MW) for nuclear, thermal, CHP, and renewable power plants, selling directly to utilities and nuclear operators globally via EPC contracts and long-term service agreements.

Ownership category

akta.pro rank

Product category

Power Generation Equipment

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Power Boiler and Heat Exchanger Manufacturing (33241)

SIC

Engines & Turbines (3510), Motors & Generators (3621), Fabricated Plate Work (Boiler Shops) (3443), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Steam Turbines & Turbogenerators (IMAHAFAB)

akta.pro secondary industries

Nuclear Steam Supply System Components & Turbine Islands (IMAHAFAG), Thermal Power Plant Modernization & Life Extension (Boiler/Turbine/Generator) (EUAEALAA), Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA), Cooling, Water/Steam Cycle & Balance-of-Plant Retrofits (Condensers, Cooling Towers) (EUAEALAK), Power Generation Plant Construction (Thermal, Hydro, Nuclear) (IMAFADAC)

Keywords

• Steam turbine manufacturing
• Power generation equipment
• Turbine generator systems
• Combined heat power
• Nuclear power turbines

Headquarters

HQ city

Pilsen

HQ country

Czechia

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Equipment Sales: Direct equipment sales of turbine-generator systems to power plant operators and utilities
2. EPC Contracts: EPC contracts involving engineering, procurement, and construction services for power plant projects
3. Service and Maintenance: Long-term service agreements, generator replacements, and ongoing maintenance for installed turbine systems

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Doosan Škoda Power designs, manufactures, and supplies customized steam turbine-generator sets ranging from 3 to 1,300 MW for power plant applications including nuclear, fossil-fuel, combined heat and power (CHP), biomass, waste-to-energy, and concentrated solar power plants. The company also delivers generator sets, the Turbo Life Care System (TLCS) for lifecycle monitoring, heat exchangers, EPC project delivery, and comprehensive OEM and non-OEM maintenance, modernization, and retrofit services.

Product overview

Doosan Škoda Power is a leading global manufacturer and supplier of power plant equipment headquartered in Pilsen, Czech Republic. The company offers a comprehensive portfolio centered on customized steam turbine-generator sets ranging from 3 to 1,300 MW for applications including nuclear power plants, fossil-fuel plants, combined heat and power (CHP), biomass, waste-to-energy, and concentrated solar power. Their product ecosystem includes the Turbo Life Care System (TLCS) for lifecycle monitoring, heat exchangers, and full R&D and production cooperation services. The service portfolio encompasses OEM and non-OEM maintenance, overhauls, spare parts supply, and retrofit/modernization solutions. Key product lines include the DST-S10 back-pressure turbine (95 MW) and DST-G10 standardized single-casing turbine (15-19 MW), alongside generator replacement services for nuclear facilities. The company has supplied over 540 steam turbines globally and continues to expand through strategic projects in Europe, Asia, and North America.

Differentiator

Problem solved

Functional benefit

Products and services

• Steam Turbines (3 to 1,300 MW)

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• KHNPcoreStrategic or Co-development Partner · 1 January 2024Doosan Škoda Power signed contract with Korea Hydro & Nuclear Power (KHNP) for turbine supply for Dukovany Nuclear Power Plant in Czech Republic. This represents a significant strategic partnership in the nuclear power segment.
• ČEZcoreStrategic or Co-development Partner · 1 January 2024Contract with ČEZ for generator replacement at Temelín Nuclear Power Plant in Czech Republic. Long-standing relationship with major Czech utility.
• I&C EnergocoreStrategic or Co-development Partner · 1 January 2024Letter of Intent signed with I&C Energo for generator replacement project at Temelín Nuclear Power Plant, indicating collaborative approach to nuclear modernization.
• ORLEN GroupflagshipStrategic or Co-development Partner · 1 January 2024EPC contract with ORLEN Group for Plock heat and power plant modernization in Poland. Major project involving comprehensive power plant upgrade.
• AKSA EnergycoreStrategic or Co-development Partner · 1 January 2024Partnership with AKSA Energy for Kyzylorda natural gas CHP plant in Kazakhstan. International expansion into Central Asian market.
• PAPREC ENGINEERINGminorStrategic or Co-development Partner · 1 January 2024Contract with PAPREC ENGINEERING for Pierrefonds waste-to-energy plant in Réunion. Partnership in renewable energy segment.
• FortumcoreStrategic or Co-development Partner · 1 January 2024Contract with Fortum for turbine modernization at Loviisa nuclear power plant in Finland. Major nuclear services partnership with Nordic utility.
• Energoprojekt PrahaminorStrategic or Co-development PartnerDesign support services partnership as part of Czech industrial collaboration in power plant projects.

Scale indicators2 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Siemens Energy: Global OEM of steam turbines, gas turbines and generator sets for nuclear, thermal and CHP applications. Closely overlaps DSPW across utility-scale steam turbine sales, nuclear turbine islands, and long-term service agreements, but with a broader portfolio and larger balance sheet.
• GE Vernova: Direct competitor in steam and nuclear turbine-generator sets with global service footprint. Competes head-to-head on utility-scale and nuclear tenders and offers comparable modernization/retrofit services on installed fleets.
• Mitsubishi Power: Major OEM of steam turbines and turbine-generator sets for thermal and nuclear power plants. Competes in the same utility/EPC channels, particularly in Asia and EMEA, with comparable MW range and service offerings.
• Ansaldo Energia: Italian-based OEM of steam turbines, gas turbines and generators for thermal and nuclear power plants, with a strong service business. Direct competitor on European nuclear and thermal modernization projects.

Broad incumbents

• MAN Energy Solutions: Established turbomachinery manufacturer with steam turbines, gas turbines and large reciprocating engines for power and propulsion. Overlaps with DSPW on CHP and industrial power-generation steam turbines as part of a wider industrial portfolio.
• Doosan Enerbility: Parent company and South Korean OEM of turbines and power plant equipment. Comparable steam turbine technology and EPC capabilities, and serves as both parent and adjacent competitor in global markets.
• Babcock & Wilcox: Supplier of boilers, steam generation and heat exchangers serving fossil and nuclear power plants. Adjacent competitor on the steam-cycle side and on heat-exchanger product overlap with DSPW's heat exchanger line.

Emerging players

• Andritz: Supplies turbines (hydro and industrial), pumps and service for the power sector. Comparable in the turbine and service business but with a stronger hydro focus and partial overlap in industrial steam turbines and retrofit services.

Regional players

• Shanghai Electric: Chinese OEM of thermal and nuclear power generation equipment, including steam turbines and generator sets. Competes in similar nuclear/thermal RFPs primarily outside of DSPW's home market, often on price.
• BHEL (Bharat Heavy Electricals): Indian state-owned OEM of power generation equipment including steam turbines and turbo-generators for thermal and nuclear plants. Comparable product range with a regional/emerging-market go-to-market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/doosan_skoda
• YouTubeyoutube.com/channel/UCY6KYCYCxVaGmm32JOh9cgQ
• Facebookfacebook.com/doosanplzen
• LinkedInlinkedin.com/company/doosan-skoda-power
• Instagraminstagram.com/doosanskoda

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Doosan Škoda Power