Hanwha Q CELLS Exhibited Comprehensive Package of Energy Solutions at Intersolar Europe 2019

  • From the latest iteration of the company's award-winning Q.PEAK DUO solar modules – including Hanwha Q CELLS' first-ever bifacial module – to the recently launched Q.ENERGY clean electricity tariff, Hanwha Q CELLS showcased its evolving capacity to be a provider of total energy solutions at Intersolar Europe


[May 17, 2019] Hanwha Q CELLS GmbH (“Hanwha Q CELLS” or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the world, Hanwha Q CELLS Co., Ltd., once again wowed visitors at the Intersolar Europe exhibition in Munich. This year, Hanwha Q CELLS offered a comprehensive package of energy solutions, from solar modules and storage solutions to the direct supply of 100% guaranteed renewable energy.

While last year Hanwha Q CELLS’ stage and screen hosted a series of informative presentations, this year’s booth (A1.180 and A1.270) targeted a broader variety of premium market segments – which was quite fitting given the Company’s focus on showcasing a range of new energy solutions designed for both the residential sector and the commercial and industrial (C&I) sector.

Introducing Q.ENERGY

As the market-leading solar module supplier in Germany in 2018, Hanwha Q CELLS stepped into 2019 eager to not only build on this leadership position, but to evolve into a total energy solutions provider. With the launch of Q.ENERGY, Hanwha Q CELLS became the first solar module manufacturer in the world to provide electricity directly to consumers.

The concept of Q.ENERGY is simple: customers can buy and consume 100% clean energy, regardless of whether they have their own solar system installed. Hanwha Q CELLS’ Q.ENERGY service delivers electricity – drawn from 100% clean energy sources in Germany and Austria – to customers, enabling them to power their homes in a green and environmentally friendly manner.

Q.ENERGY offers two energy tariffs to customers: Basic and Smart. The Q.ENERGY Basic tariff gives customers a stable monthly fee for a whole year while they participate in Hanwha Q CELLS’ green power community. Both the monthly basic fee and price per kWh are calculated based on the consumer’s postcode. The Q.ENERGY Smart tariff is based on the hourly price of green energy. Customers of this tariff can view electricity prices 24 hours in advance, and are able to proactively decide when to – for example – run their dishwasher or charge their electric vehicle in the most cost-effective manner.

Home is where the smart is

In addition to Q.ENERGY, Hanwha Q CELLS also showcased at Intersolar Europe the Q.HOME Cloud, which provides homeowners with the chance to take full and complete control of how they produce, consume, store and share their solar energy. Launching in Germany, the Q.HOME Cloud delivers decentralized energy solutions for homeowners who have the Hanwha Q CELLS solar+storage system installed. Stored solar energy can be smartly consumed by the homeowner, or – via the energy management software –intelligently, sustainably and cost-effectively utilized via a cloud-based system. The homeowner, meanwhile, receives the full FIT and simply pays a monthly flat rate.

Reliable solar and storage solutions to drive European growth

A recent market forecast by Bloomberg New Energy Finance (BNEF) expects 18 GW of new solar PV capacity to be added in Europe in 2019. Such a figure runs close to the record 21.2 GW installed in the heady days of 2011 and continues an upward installation trend that began in 2016. Faced with such bullish projections, the industry is becoming increasingly competitive, and while Hanwha Q CELLS remains the market leader in many of the continent’s largest and most important markets, the Company is determined to continue innovating and raising the bar in terms of solar module reliability and performance.

To demonstrate this commitment, Hanwha Q CELLS showcased its broadest ever selection of solar solutions at Intersolar Europe 2019. The Company’s flagship module series – the half-cell, monocrystalline Q.PEAK DUO (which last year won the Intersolar Award in the category of Photovoltaics) – was expanded with the recent launch of the Q.PEAK DUO-G6. This module range is manufactured with M4 wafers, which boast dimensions of 161.70 mm (as opposed to the 156.75 mm wafer dimensions found in the G5 range). These larger wafers help each module deliver up to about 6 % more power, meaning that the 120 cells Q.PEAK DUO-G6 version can deliver 355 Wp. In the format of 144 cells, the Q.PEAK DUO L-G6 has a power output of up to 420 Wp.

Complementing the new Q.PEAK DUO-G6 solar module was its predecessor, the Q.PEAK DUO-G5, the aesthetically pleasing Q.PEAK DUO BLK-G5, and the next-generation Q.PEAK DUO-G7, which will be made commercially available later this year.

Also on show at the Hanwha Q CELLS booth was the Q.PEAK DUO L-G5.3/BF, the company’s first ever bifacial module. The Q.PEAK DUO L-G5.3/BF is also a double glass (glass-glass) monocrystalline half-cell module manufactured with a white grid on the rear-glass for optimal energy harvest due to a very high front-side power of close to 400 W. Because of this high front-side power, a bifaciality factor of 70% means a rear-side power of up to 280 W, making the Q.PEAK DUO L-G5.3/BF an attractive proposition for developers seeking high energy yields. Commercialization of this product is scheduled for Q3 of this year.

All Hanwha Q CELLS solar modules exhibited at Intersolar Europe are manufactured using the company’s patent-protected, unique passivation technology, which is a key ingredient in our Q.ANTUM Technology. Additional cutting-edge technological and security features of Q.ANTUM Technology include excellent Anti-LID (light induced degradation) and Anti-PID (potential induced degradation) performance, as well as Hot-Spot Protect and traceable quality with Tra.Q™ laser identification to protect against counterfeiting.

Joining this range of solar modules at the Hanwha Q CELLS booth was the Q.FLAT-G5 mounting system designed for easy and fast installation on flat rooftops; the Q.HOME+ ESS HYB-G2 modular and scalable storage solution, and the new Q.HOME+ ESS AC-G2 battery, which is an AC-coupled storage system that is ideal for self-consumption markets.

Hanwha Q CELLS’ Head of EU Sales Maeng Yoon Kim said: “The very DNA of Hanwha Q CELLS is rooted in European R&D excellence and a desire to consistently deliver top-quality renewable energy products and services. We are very proud to arrive at Intersolar Europe as the leading solar module manufacturer in Europe, and are excited at the opportunities we can further bring to various markets across the continent with our new service offerings, such as Q.ENERGY and the Q.HOME Cloud.”

“At the same time, Hanwha Q CELLS continues to strive towards even greater excellence in solar module innovation, and we will continue to push the boundaries of cell and module technology thanks to our commitment to not only supporting R&D, but protecting our innovations. We believe that this is the perfect approach to take in order to support the sustainable growth of solar in Europe.”

Hanwha Q CELLS

Hanwha Q CELLS Co., Ltd. (NASDAQ:HQCL) is one of the world’s largest and most recognized photovoltaic manufacturers for its high-performance, high-quality solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the Company provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea.

For more information, visit: www.hanwha-qcells.com

Safe-Harbor Statement

This press release contains forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Hanwha Q CELLS’ operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Except as required by law, Hanwha Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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