Hanwha Solutions Establishes ‘Green Energy’ Business Division to Meet Expanding Investment



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Hanwha Solutions' Brandenburg solar power plant in Germany.  Photo.  Hanwha Solutions
Hanwha Solutions’ Brandenburg solar power plant in Germany. Photo. Hanwha Solutions
[미디어SR 정혜원 기자] Celebrating its first anniversary, Hanwha Solutions has reorganized its organization to expand investment in new growth businesses.

The purpose is to reorganize the organization according to the large-scale investment plan for the solar and hydrogen business, and smoothly pursue a medium to long-term strategy to become a global green energy and materials company.

Hanwha Solutions announced on the 4th that it has reorganized its organization to strengthen the competitiveness of new growth engine businesses, such as the reorganization of the solar energy business unit and the establishment of a new hydrogen technology research center.

On this day, Hanwha Solutions also announced a plan to hire a large number of domestic and foreign experts to strengthen its R&D capabilities.

A Hanwha Solutions official told Media SR: “Reorganize the organization to efficiently operate the organization in accordance with the active investment plan for new and renewable energy.” “There is a plan to hire a large number of human resources, such as researchers and engineers, but the size of each specific field has not been specifically determined. I did not do it “.

Solar Energy Division Reorganization Strengthens Renewable Power Plant Development Globally

First, Hanwha Solutions expanded and reorganized its global GES (Green Energy Solution) business unit in charge of renewable energy generation projects.

The core of the division is to strengthen the capabilities of the new and renewable power plant development project by integrating the development, EPC (design, procurement and construction) and project finance functions that were dispersed across various business units. in the GES global business unit.

Through this, Hanwha Solutions plans to increase annual sales of 5 trillion won in the ‘Renewable Power Plant Development Project 2025’ alone.

The expanded and reorganized GES division will be managed by Dongjin Shin, a former Hanwha E&C executive. Shin has experienced construction jobs in the construction field and is evaluated as the right person to strengthen the power generation project business within the group.

The GES division is moving not only towards solar energy but also towards wind energy projects. In line with the trend of increasing the proportion of wind power generation around the world, the company plans to expand the renewable power generation business based on the accumulated capacities in the solar power sector.

To this end, Hanwha Solutions said it will actively hire outside staff with extensive experience in the wind and solar power generation business.

Hee-cheol Kim, CEO of Q-Cell, said: “Last year, due to the impact of Corona 19, we were unable to actively participate in power plant development projects.” I will actively participate in the power generation business ”.

In addition, Hanwha Solutions spun off the Korean business unit and established the Korea GES business unit to strengthen the domestic power plant development business.

In addition, it plans to actively enter the domestic renewable energy generation business in accordance with the ‘Ninth Basic Energy Supply and Demand Plan’ recently announced by the government by hiring new experts in national energy generation projects.

Hanwha Solutions Solar Power Plant in Beacon County, California, USA Photo.  Hanwha Solutions
Hanwha Solutions Solar Power Plant in Beacon County, California, USA Photo. Hanwha Solutions

Establishment of the Hydrogen Technology Research Center … Green Hydrogen Value Chain Ensures Battle of Speed

Hanwha Solutions expanded and reorganized the existing water electrolysis technology development team at the ‘Hydrogen Technology Research Center’ to strengthen the green hydrogen business. In-wan Son, who has led the field of water electrolysis technology (a technology that produces hydrogen from water), which is the core technology of P2G (gas power), was appointed central head, and hired largely to outside experts to develop technology for early green hydrogen mass production. I plan to secure it.

A separate working group organization (TF) is responsible for the green hydrogen demonstration project to be built in Pyeongchang, Gangwon-do with Gangwon-do and Korea Gas Technology Corporation.

In addition, in the first half of the year, the introduction of specialized personnel and organizational reorganization to promote the business of ultra-large hydrogen tanks for transport and storage is also scheduled after the acquisition of Cimarron, a US company of high-pressure hydrogen tanks. announced late last month.

Hanwha Solutions plans to employ more than 250 people at home and abroad in the green and solar hydrogen fields this year. The main target is R&D personnel in the field of next-generation solar energy products such as perovskite tandem cells, high-pressure hydrogen tanks, and water electrolysis.

A Hanwha Solutions official said: “This organizational reorganization was focused on securing capabilities to secure new growth engines for the company.” I will do it.”

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