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Hanwha Power Systems
July 25, 2023

Hanwha Power Systems stands as a global energy equipment leader based in South Korea, equipped with autonomous design, production, and testing capabilities. Our products, renowned for their diversity, quality, and advanced technology, consistently deliver unmatched value to customers worldwide.

Established in 1977, our foray into the energy equipment sector in 1997 leveraged our reliable technology and extensive experience in gas turbine engines. Over the years, we have evolved into a global powerhouse, having successfully deployed over 6,000 units of air and gas compressors globally. Employing cutting-edge technology, we've developed high-value product lines, encompassing industrial air compressors, fuel gas compressors for power plants, and boil-off gas compressors for LNG terminals.

Notably, we secured contracts for groundbreaking projects, including the world's first marine Vapor Recovery Unit (VRU) steam recovery turbo compressor. Additionally, we clinched contracts for compressors in Floating Storage Regasification Units (FSRU) and LNG carriers, showcasing our exceptional technology on the global stage. Our in-house developed core components empower our compressors and expanders with shorter lead times and superior performance, giving our customers a competitive edge.

Determined to foster enduring partnerships, we are rapidly expanding our global sales, customer service, and R&D networks. Strengthening collaborations, such as securing vendor approvals from major clients in the Middle East and Asia, exemplifies our commitment. Simultaneously, our Houston R&D Center collaborates with organizations like the Southwest Research Institute (SwRI) on innovative projects, like the supercritical carbon dioxide (sCO₂) engine.

Looking ahead, our aim is to be a premier global power and energy solutions provider. To achieve this, we're fortifying our compressor business and venturing into turbine-related sectors. A strategic partnership with Baker Hughes (BH) is a testament to our commitment, with a focus on selling BH's packaged products, including gas turbines, steam turbines, and barrel compressors.

Our current focus involves fulfilling our contract with the US Department of Energy (DOE) for sCO₂ engines, a project that has the potential to revolutionize the distributed power generation market. Anticipating success, we envision securing a leadership position with eco-friendly power generation solutions.

Additionally, we are at the forefront of the hydrogen energy landscape, the next frontier in eco-friendly energy. Securing a contract to supply hydrogen charging systems for the Korea Gas Corporation's multi-energy hub underscores our commitment. Upon successful completion, we plan to expand our footprint, providing hydrogen solutions globally.

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