Hanwha Energy
- Combined heat and power plants (cogeneration)
- Renewable energy power plant project development
- Energy solutions development
Since its start in the cogeneration business in 2007, Hanwha Energy has diversified its business portfolio — including solar power, energy storage systems (ESS), and LNG — to evolve into a retail energy business that offers a comprehensive set of energy solutions. Our advanced technology is at the core of who we are and how we can develop eco-friendly, highly efficient global energy markets with a forward-looking global energy model.
We operate cogeneration plants to provide a stable supply of high-quality electricity and ultra-high-pressure steam to companies in national industrial complexes across South Korea. By providing readily available power, our plants improve the competitive advantage of our off-takers. Our energy solutions consistently comply with South Korean government requirements for energy efficiency and the reduction of greenhouse gas emissions. Our relentless pursuit of advances in technology continually improves our existing solutions while we also seek new ones.
Oberon 1A solar power plant in Texas, U.S.
For sustainable growth, we are diversifying and building businesses overseas in solar power generation, retail energy, and more. We operate solar power plants in the U.S., Mexico, Japan, Vietnam, Malaysia, and India, and are building additional solar power plants in Spain and Italy. In the U.S., we are the first South Korean company to successfully implement a business model that links solar power generation with retail energy. In Spain, we are providing retail solar energy and distributed energy solutions for both businesses and consumers. We are also developing solar projects in Australia. Following our entry into the solar power generation and retail energy markets, we have begun expanding into distributed energy solutions services.
At the same time, using our foundation in energy storage systems (ESS), we are actively promoting energy solutions that cater to each stage of the value chain for electric power. We are conducting solar energy-connected ESS businesses in the U.S. and Mexico, and we plan to steadily expand our solar businesses, beginning with ESS operation for frequency regulation in Ireland. We are also pursuing new growth areas in LNG as we look to future growth engines and new opportunities. In South Korea, we are building a plant in Tongyeong city — a 1 GW LNG power plant. Once complete, we will supply the LNG needed to power the plant and launch an LNG terminal rental business. Overseas, we’re entering the gas-to-power market in Vietnam, and have formed a consortium with Korea Gas Corporation and Korea Southern Power Company to build LNG plants and LNG terminal businesses there.
Hanwha Energy Yeosu cogeneration plant
We aim to become the world’s leading renewable energy developer as we strengthen profitability in our cogeneration business, expand our LNG business, and sharpen the competitiveness of our solar and ESS businesses. In retail energy, we will provide differentiated services based on distributed energy solutions for each region. In addition, we will develop energy conversion technology, upgrade ESS and solar power technologies, and secure digital and AI-based platform capabilities. Through our diversified efforts, we will continue to grow as a leader in the sustainable, eco-friendly energy market.
Get the latest news about Hanwha, right in your inbox.
Fields marked with * are mandatory.
- Non-employee
- Employee