Green Energy
Newsroom
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Press Release
Hanwha Announces Comprehensive Battery Partnership with LG Energy Solution
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Sustainability
Will the World Reach its Green Energy Tipping Point in 2023?
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Sustainability
Stepping into Sustainability in 2023: Hanwha’s Continued Partnership with Davos
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Sustainability
Hanwha’s Year in Review 2022
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Press Release
Hanwha Qcells Joins R&D Project in Europe Aimed at Mass Production of Tandem Solar Cells
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Sustainability
Better Soil, Better Life: 5 Ways Companies and Communities Can Celebrate World Soil Day
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Sustainability
Sustainability for All: How Hanwha’s SDG Commitment Creates Prosperity and Progress
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Sustainability
Defining Moments: How Hanwha is Aligning with COP27 in the Fight Against Climate Change
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Press Release
Hanwha Solutions Expands Investment in Korean Solar Energy Amidst Growing Global Solar Industry
Introduction
Hanwha is ramping up its response to the challenges of climate change as green energy becomes a global necessity. To help protect the Earth from climate change, Hanwha pursues clean energy sources that are vital to human life. Our global technology leadership provides the foundation to build an eco-friendly energy ecosystem that encompasses emerging hydrogen and wind power as well as a full solar value chain. Our solar power business is expanding from cell and module production to high-value-added services using information technology. We are also researching carbon-free hydrogen production using renewable energies, such as solar and wind. Q ENERGY is accelerating our entry into Europe’s renewable energy market through the development of onshore and offshore wind power generation. We are tapping into green energy’s outstanding potential and strengthening our competitiveness as a green infrastructure developer to lead the way to carbon neutrality.
's green energy solutions for an eco-friendly
- Hanwha Solutions
Qcells Division - Solar energy & hydrogen
production, solar energy retail,
wind power
- Hanwha Solutions
Chemical Division - Hydrogen production•High-pressure hydrogen
tanks for storage
and transportation
- Hanwha Power Systems
- Hydrogen combustion technology,
hydrogen recharging system
and compressor
- Hanwha Solutions
Insight Division - Solar energy development
- Hanwha Corporation
/Global - Ammonia as a means
of hydrogen storage
and transportation
- Hanwha Corporation
/Engineering & Construction - Wind farms
- Hanwha Energy
- Operation/management
of solar power plants
and energy retail
Business Highlights
Downstream solar business
Residential solar module (North Carolina, US)
Recognized for its world–class technology and quality, Hanwha Solutions has become a global leader in the solar industry. To realize a complete solar value chain, from solar cell and module production to ESS, power plant development and retail energy, we are actively promoting several businesses in major global markets. Ranked first in market share in both the residential and commercial solar module markets in the US, we are now expanding into Europe, Asia and Australia. In addition, in 2021, we invested in REC Silicon, a Norway–based US clean polysilicon manufacturer, to actively respond to the growing demand for solar power in the US. We have further secured low–carbon solar materials, which is accelerating eco–friendliness in our entire value chain.
Hanwha is committed to developing green technologies. We are aggressively investing in green hydrogen as a clean energy source that can significantly help realize global carbon neutrality. By innovating comprehensive value chains, we are expanding into the hydrogen economy, from production and storage to delivery and utilization, including water electrolysis technology and more. Our hydrogen energy business is already being recognized around the world. We have provided hydrogen combustion technology solutions to retrofit the gas turbines of LNG–fired power plants in the US and Europe and supplied hydrogen tanks to Shell, a global energy company, to support the company’s efforts in extending its hydrogen refueling network across California. With an optimal energy generation solution designed to support a carbon–neutral society, we are tapping into green hydrogen energy’s outstanding potential.
Hanwha Energy Innovation virtual showcase
in solar development
Hanwha Solutions Insight Division is working on solar power development projects that help generate renewable energy while minimizing environmental damage. Currently, we are operating floating solar power plants that produce eco–friendly electricity using idle water surfaces in Goheung Lake and other locations in South Korea. We are also developing utility–scale solar power plants by utilizing sea salt farms. We believe such projects will not only revitalize local economies but also help achieve carbon neutrality and meet the goals of RE100, a global corporate renewable energy initiative. Going forward, we plan to solidify our position as a total energy solutions provider by further utilizing our solar power plant operations and management capabilities.
Hapcheon Dam Floating Solar Power Project, South Gyeongsang, South Korea
for a healthy environment
Hanwha is strengthening its competitiveness as a green infrastructure developer to lead the advance to carbon neutrality. In 2020, Hanwha Corporation/Engineering & Construction expanded its wind power business by successfully completing the 76MW Yeongyang and 25MW Jeju Sumang wind farms in South Korea. We are also diversifying our wind power business portfolio by overseeing development of the 400MW Shinan Ui offshore wind power project and conducting research for the development of several new offshore wind farms. By relying on core technologies, such as our self–developed PRO–MBR (Phospate Removal Optimized Membrane BioReactor) advanced sewage treatment technology, we provide comprehensive solutions. These include the relocation and extension of existing facilities, planning and operations, as well as sophisticated convergence that goes beyond simply constructing water treatment facilities. We are changing the paradigm of environmental businesses.
Jeju Sumang Wind Power Complex
Key Affiliates
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Hanwha Corporation
Hanwha Corporation, the parent company of the Hanwha Group, is a global manufacturing company that has directly contributed to the growth of South Korea's economy. There are 3 divisions under the Hanwha Corporation: Global, Defense, and Machinery. Hanwha Corporation was founded in 1952 as Korea Explosives Company, quickly becoming the leader in the explosives industry of South Korea. It has since grown into a global manufacturing company operating in three business areas—explosives and chemical, defense, and machinery.
In 1959, Hanwha was the first domestic manufacturer of dynamite in South Korea. After having successfully developed safer, high-quality industrial explosives and fire process products, we have been able to supply the South Korean government with the crucial means to rebuild its cities and infrastructure.
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Hanwha Solutions
Hanwha Solutions is a newly formed corporation with the merger of Hanwha Chemical, Hanwha Qcells, and Hanwha Advanced Materials in January of 2020. Hanwha Solutions operates in three business areas: chemicals, total energy solutions, and advanced materials.
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Hanwha Energy
Established in 2007, Hanwha Energy is a comprehensive energy solutions company. We operate cogeneration plants that provide a stable supply of high-quality electricity and ultra-high-pressure steam to companies in national industrial complexes in South Korea. By providing readily available power, our plants improve the competitive advantage of our off-takers. Our cutting-edge technology consistently complies with South Korean government requirements for energy efficiency and greenhouse gas emissions reduction.
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Hanwha Impact
Hanwha Impact is leading the change for a sustainable future with low-carbon, sustainable energy, and innovative future-ready projects.
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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.
Our Global Footprint
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R&D
GERMANY, MALAYSIA,
CHINA, AND KOREA
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manufacturing
KOREA, CHINA, MALAYSIA,
AND USA
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marketing & sales
AUSTRALIA, CANADA, JAPAN,
USA, TURKEY, HUNGARY,
POLAND, FRANCE, GERMANY,
AND KOREA
*60+ countries, as of 2018
Global FootPrint
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