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Hanwha Power Systems

Hanwha Power Systems launched in 1997 on the strengths of reliable technology and deep experience in gas turbine engines. Since then, we’ve become a global powerhouse and have sold more than 5,000 units worldwide. Using advanced technology, we developed high-value-added product lines. Our product lines include air compressors for industrial processes, fuel gas compressors for power plants, boil-off gas compressors for LNG terminals and plants, and extremely low-temperature compressors, expanders, and LD/HD (low duty/high duty) compressors for LNG carriers.

In 2011, we entered the gas compressor market and are now the only energy equipment company in South Korea capable of independently designing, producing, and testing large-capacity high-pressure gas compressors. Our high-efficiency compressors along with our expanders, give our customers a competitive advantage in delivery and the ability to build their core components in-house. In 2013, we launched the world's largest air-cooled turbo compressor SA3100. In 2014, we won the contract to supply the world's first marine Vapor Recovery Unit (VRU) steam recovery turbo compressor. And, in 2015, we entered the LD/HD compressor market with a compressor for LNG carriers and solutions for shipbuilders.

Hanwha Power Systems is an energy equipment company that is rapidly expanding its sales and R&D networks globally. We currently have six international sales offices, as well as production facilities in South Korea and China. Our R&D centers, located in the cities of Houston, the US and Pangyo, South Korea, are accelerating our development co-ops on a global scale. At the same time, we’ve been focusing on developing closer relationships with our key customers in the O&G industry. In the first half of 2016, we obtained a vendor approval for API617 and API672 from Saudi Aramco. We also strengthened our cooperation with GE Oil & Gas by signing MOUs for gas turbine generators and packages.

Our next goal is to become a total energy solutions supplier. To this end, we’re working to strengthen our product portfolio in the compressor business and expand into turbine-related businesses that can support petroleum gas and power generation customers. Recently, we received an order from the US Department of Energy (DOE) for a project related to SCO2 engine development. We are now looking to collaborate with Southwest Research Institute (SRI) in the US. The SCO2 project is expected to supplant the steam turbine market and become a game changer that creates new markets in the distributed power generation market. In partnership with KEPCO in 2017, we began the development of a pure oxygen gas turbine)—an eco-friendly and highly efficient power generation equipment. We expect our collected efforts and accomplishments to propel us to leadership in the eco-friendly power generation solutions market.

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Hanwha's businesses span chemicals & materials, aerospace & mechatronics, solar energy, finance,
leisure & lifestyle, and construction. Through the integration of our growing number of affiliate enterprises worldwide, we are harnessing the power of sustainable, quality growth to continually increase the value we bring to our customers.

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