Press Release Clean Energy & Ocean Solutions

Intersolar Award 2017 Goes to Hanwha Q CELLS' Reinforced Steel Frame Module Innovation

May 31, 2017
  • The Q.PEAK RSF L-G4.2 convinces Intersolar Award jury with reinforced steel-frame concept and many additional innovations
  • Reinforced steel frame design, decentralized junction box, easy mounting system and Q.ANTUM technology combine numerous advantages for higher yields and system performance as well as lower installation cost and lower LCOE
  • Hanwha Q CELLS CTO Ph.D. Daniel JW Jeong said: “Our steel frame module has a good chance of setting the next industry standard for utility scale solar modules.”

Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") (Nasdaq: HQCL), has won the Intersolar Award 2017 in the category Photovoltaics. The jury judged Hanwha Q CELLS' Q.PEAK RSF L-G4.2 solar module as the most innovative out of ten shortlisted entries and out of 51 applications in total. Receiving the award on behalf of Hanwha Q CELLS, the company's Global CTO, Ph.D. Daniel JW Jeong, said: "We are very pleased about the judgement of the Intersolar Award Jury. Our new steel frame module combines a number of innovations on different levels with our high performance cell technology Q.ANTUM. The improvements in terms of performance, installation cost and LCOE are such that we believe this technology is likely to be setting the next industry standard regarding solar modules for utility scale applications."


Q.PEAK RSF L - G4.1 is a monocrystalline 72-cell Q.ANTUM solar module ready for a maximum system voltage
of 1.500 V and combining the following innovations to reach lowest LCOE:
    · Q CELLS Reinforced Steel Frame technology
  • - Framing concept based on innovative steel coated with alloy of zinc-aluminium-magnesium
  • - 10 times better corrosion resistance compared to galvanised steel
  • - Self-repairing mechanism for cut edges

    · Decentralized Q.BOX
  • - Decentralised junction box with pluggable MC4-connectors in upper corners of the module
  • - Cable length can be customized to fit perfectly to any installation
  • - Lower losses from electrical resistance due to optimised cable length
  • - Faster and safer installation

    · Easy Mounting System
  • - Only small mounting key and self-tapping screw needed to fix modules on mounting structure
  • - Reduction of installation time on a standing mounting structure by over 60% compared to
    standard systems with clamp mounting
  • - Modules can be mounted without any gap between modules, thus reducing installation size or
    increasing total system power
  • - Safes a large amount of mounting materials

    · Q CELLS proprietary Q.ANTUM cell technology
  • - Rear side passivated monocrystalline solar cells for power classes up to 375 Wp
  • - Strongest standard 72 cell module on the market
  • - High power density leads to low BoS costs
  • - Q CELLS Yield Security: Anti LeTID, Anti LID, Anti PID, Hot-Spot Protect, Tra.Q

Hanwha Qcells

Hanwha Qcells (Hanwha Solutions Qcells division) is one of the world’s leading clean energy companies, recognized for its established reputation as a manufacturer of high-performance, high-quality solar cells, and modules, a portfolio of intelligent storage systems, and a growing international pipeline of large-scale renewable energy projects. Hanwha Qcells also provides renewable electricity retail services and packages to end customers the world over. The company is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in the U.S., Malaysia, China, and South Korea. Hanwha Qcells strives to offer Completely Clean Energy through the full spectrum of photovoltaic products, storage solutions, renewable electricity contracting, and large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa, and the Middle East, Hanwha Qcells provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental, and residential markets.

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Hanwha Group

Founded in 1952, Hanwha has grown quickly by anticipating and responding to changing business environments with a balanced business portfolio that includes energy & materials, aerospace, finance and retail & services. Our expertise and synergy in key areas have catapulted us into the seventh-largest business in South Korea and a Fortune Global 500 company. Hanwha continues to grow rapidly as we strive to pursue global leadership in all of our businesses. We are building a robust foundation for sustainable development and a brighter future for everyone.

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Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. 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. Further information regarding these and other risks is included in Hanwha Q CELLS filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. 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.