Energy & Materials
Solar Energy
In a meeting held on May 21, 2022, Kim Dong-kwan, the president of Hanwha Solutions, laid down a plan to spend 36.7 trillion KRW on its energy and aerospace sectors.[8] He said he wanted to commit the company to solar energy to reduce its carbon footprint and supply high quality energy. Additionally, he announced plans to build another modular factory in the United States.[5] In order to tackle the problem of stagnating bee populations, Hanwha has created a solar beehive, that helps to protect and maintain a stable bee population.[9] Hanwha QCELLS has launched a new brand that ventures into the electric vehicle charging market called Hanwha Motiev in 2022.[10]
Wind Energy
Hanwha operates in the onshore and offshore wind power generation sectors, with a focus on Europe through its subsidiary Q Energy, as well as the domestic market.[11]
Hydrogen
Hanwha develops a hydrogen value chain, which includes production, utilization, and storage services, utilizing renewable energy sources. Hanwha acquired Thomassen Energy/PSM in July 2021, which enables retrofitting of gas turbines for hydrogen use.[12]
Materials
Hanwha Solutions produces basic petrochemical products, such as PVC (Polyvinyl Chloride), LLDPE (Linear Low-Density Polyethylene), CA (Caustic Soda), ASR (Alkali Water Soluble Resin), and TDI (Toluene Diisocyanate), as well as working on eco-friendly technologies including low-impact plasticizers.[13]
Solar Energy
In a meeting held on May 21, 2022, Kim Dong-kwan, the president of Hanwha Solutions, laid down a plan to spend 36.7 trillion KRW on its energy and aerospace sectors.[8] He said he wanted to commit the company to solar energy to reduce its carbon footprint and supply high quality energy. Additionally, he announced plans to build another modular factory in the United States.[5] In order to tackle the problem of stagnating bee populations, Hanwha has created a solar beehive, that helps to protect and maintain a stable bee population.[9] Hanwha QCELLS has launched a new brand that ventures into the electric vehicle charging market called Hanwha Motiev in 2022.[10]
Wind Energy
Hanwha operates in the onshore and offshore wind power generation sectors, with a focus on Europe through its subsidiary Q Energy, as well as the domestic market.[11]
Hydrogen
Hanwha develops a hydrogen value chain, which includes production, utilization, and storage services, utilizing renewable energy sources. Hanwha acquired Thomassen Energy/PSM in July 2021, which enables retrofitting of gas turbines for hydrogen use.[12]
Materials
Hanwha Solutions produces basic petrochemical products, such as PVC (Polyvinyl Chloride), LLDPE (Linear Low-Density Polyethylene), CA (Caustic Soda), ASR (Alkali Water Soluble Resin), and TDI (Toluene Diisocyanate), as well as working on eco-friendly technologies including low-impact plasticizers.[13]
Aerospace
Space
Hanwha is also extensively investing in the space market, and jointly established "Space Research Center" with KAIST. Hanwha Aerospace contributes to South Korea's space industry, including satellite observation services and the development of the Nuri space launch vehicle. Hanwha took an 8.8% stake in British company OneWeb, a satellite communication service provider as of 2022.[14]
Aircraft Engine
Hanwha Aerospace is South Korea's sole aircraft engine producer, partnering with global aviation engine companies for component manufacturing.[15]
Vision Solutions
Hanwha Vision (formerly Samsung Techwin, before getting acquired by Hanwha) delivers video surveillance services with a focus on optics design, image processing, and AI-based platforms to improve service offerings.
Space
Hanwha is also extensively investing in the space market, and jointly established "Space Research Center" with KAIST. Hanwha Aerospace contributes to South Korea's space industry, including satellite observation services and the development of the Nuri space launch vehicle. Hanwha took an 8.8% stake in British company OneWeb, a satellite communication service provider as of 2022.[14]
Aircraft Engine
Hanwha Aerospace is South Korea's sole aircraft engine producer, partnering with global aviation engine companies for component manufacturing.[15]
Vision Solutions
Hanwha Vision (formerly Samsung Techwin, before getting acquired by Hanwha) delivers video surveillance services with a focus on optics design, image processing, and AI-based platforms to improve service offerings.[16]
Finance
Hanwha operates in the financial industry, providing insurance, securities, and asset-management services, and investing in technology-based financial services.
Retail & Services
Hanwha engages in retail & services such as department stores, hotels, and resorts, as well as developing large-scale complexes.[17]
