The 126-year-old South Korean conglomerate is making a large investment on hydrogen-powered technology as a means to recover its fortune, according to a Bloomberg report. Its initial focus will be on drones, but the company also has high ambitions for other uses for hydrogen technology in the long-term.

“Our long-term vision is to provide fuel cells for various kinds of mobile applications, like robots, starting with hydrogen drones,” said Doosoon Lee, chief executive officer of unit Doosan Mobility Innovation. “We will also play a crucial role in the South Korean government’s goal to build a multi-seat unmanned aerial vehicle.”

Hydrogen is increasingly becoming a popular alternative to standard lithium-ion batteries, as it allows drones to overcome power limitations and fly higher and for longer.

Doosan Mobility unveiled its first DS30 hydrogen drone in 2020 and launched an updated model – the DS30W – in Europe in November 2021. The drones, designed...