Concentrate on hydrogen power R&D capabilities… to secure competitiveness early
Promotion of global solar and wind power projects
Solar and green hydrogen field, employing more than 250 domestic and foreign
Hanwha Solutions reorganized its organization to expand investment in new growth businesses. At the time of its 1st anniversary, it is planning to build an organization that can implement large-scale investment plans for solar and hydrogen businesses. Accordingly, it is expected to accelerate the implementation of mid- to long-term strategies to become a global eco-friendly energy and materials company.
Hanwha Solutions announced on the 4th that it has reorganized its organization to strengthen its competitiveness in new growth engines, such as reorganizing the solar power business unit and establishing a new hydrogen technology research center. A large number of domestic and foreign experts are also scheduled to be hired to strengthen R&D capabilities.
First of all, the’global GES (Green Energy Solution) business unit’ in charge of renewable power generation projects was expanded and reorganized. The key is to integrate development, EPC (design, procurement, and construction) and project finance functions that were scattered in several business units into the’global GES business unit’ and strengthen the development business capabilities. The company has established a plan to generate annual sales of 5 trillion won only in the’renewable energy power plant development project’ four years later by 2025.
Shin Dong-jin, a former Hanwha E&C executive director, received a drop as the head of the expanded and reorganized’Global GES Division’. Shin has experienced construction work in the construction field and is evaluated as the right person to strengthen the power generation project business.
The GES division plans to advance not only solar power generation but also wind power generation projects. According to the trend of increasing the proportion of wind power generation around the world, it is planning to expand the renewable energy power generation business based on the capabilities accumulated in the solar power sector. To this end, it is planning to actively recruit external personnel with abundant experience in the wind power generation business as well as solar power.
Hee-cheol Kim, CEO of Q-Cell, said, “Last year, due to the corona, we were unable to actively engage in power plant development projects.” I will actively engage in the power generation business.”
Hanwha Solutions removed the’Korea GES Division’ from the existing Korean division to strengthen the domestic power plant development business. In addition, as a way to strengthen the’green hydrogen business’, the existing hydroelectric technology development team was expanded and reorganized into the’hydrogen technology research center’. In-wan Son, who has led the field of water electrolysis technology (a technology that produces hydrogen from water), a core technology of P2G (power to gas), was elected as the first head of the center. It also plans to significantly recruit external experts to secure technology for mass production of green hydrogen early.
A separate Task Force (TF) organization is responsible for the’Green Hydrogen Demonstration Project’ to be built in Pyeongchang, Gangwon-do with Gangwon-do and Korea Gas Technology Corporation.
The introduction of specialized personnel and organizational reorganization to promote the’transport and storage super-large hydrogen tank business’ is also scheduled for the first half of the year. Earlier, the company acquired Cimarron, an American high-pressure hydrogen tank development startup at the end of last year.
Hanwha Solutions plans to employ more than 250 people at home and abroad only in the solar and green hydrogen fields this year, targeting R&D personnel in the field of next-generation solar power products such as perovskite tandem cells, high-pressure hydrogen tanks, and water electrolysis.
An official at Hanwha Solutions said, “This organizational reorganization focused on securing capabilities to secure new growth engines for the company.” “Agile organization that can continuously secure talented people based on active investment and respond quickly to changes. I will make it.”
Copyright owner © Market economy Unauthorized reproduction and redistribution prohibited