Hanwha Solutions

Hanwha Solutions (한화솔루션) is a multinational renewable energy service provider and a subsidiary of South Korean conglomerate Hanwha Group. Headquartered in Seoul, the company was formed in January 2020 by the merger of Hanwha Q CELLS, Hanwha Chemical and Hanwha Advanced Materials. It acquired Hanwha Galleria and Hanwha City Development in April 2021.
Business.
The company operates its business through five segments: Q CELLS (photovoltaics), Chemical (chemicals), Advanced Material (materials), Galleria (retails) and City Development (real estate).
The Q CELLS Division provides photovoltaic cells and modules production, power plant operation, electricity retail and other related services. The Chemical Divisions manufacturers petrochemical products such as low-density polyethylene (LDPE), caustic sodas (CA) and polyvinyl chlorides (PVC). 
The Advanced material Divisions produces high-tech materials for automotive parts, electronic components and solar equipment. The Galleria Divisions operates retail businesses by running department stores. The City Development Division runs urban development and real estate business. 
In December 2020, the company raised 1.2 trillion won through rights offerings in an efforts to accelerate its expansion into renewable energy. In April 2021, The company issued its first overseas green bonds worth 1 billion yuan. 
Products.
Photovoltaic components 
In September 2019, Q CELLS introduced its latest module called Q.PEAK DUO-G9. It combines existing half-cell Q.ANTUM DUO technology with Zero-gap feature, which removes spaces between cells to increase deployment capacity. It launched a consortium with the academics and private entities to develop next-generation tandem cell technology using perovskite.
Its Green Energy Solutions division manages the downstream business. In March 2021,Q CELLS sold an 81-megawatt solar power plant in Texas to US-based solar energy solutions provider Adpture Renewables Inc. The Rippey Solar Project plant is capable of producing electricity for 115,000 people per year. 
With Distributed Energy Solutions division, Q CELLS operates an energy retail business in countries like Japan and Germany, where it supplies green electricity from 100 percent renewable sources to households and small-sized companies. 
Petrochemical products 
Chemical Division produced PVC (polyvinyl chloride) for the first time in South Korea. Including PVC, It also manufacturers other petrochemical products such as LDPE (low-density polyethylene), LLDPE (linear low-density polyethylene), CA (caustic soda), and TDI (Toluene Diisocyanate).
PVC is a general-purpose plastic widely used for applications such as synthetic leather, packaging, flooring, toys, and textiles. In 1966, Hanwha Chemical became the first company in South Korea to produce PVC. Now it focuses on manufacturing eco-friendly plasticizers developed by its own proprietary technology -- such as ECO-DEHCH. 
CA is an inorganic chemical product represented by caustic soda. It is used in various fields such as inorganic chemical products, paper, textiles,
metals, electricity and electronics. TDI is commonly used across a wide array of industries and in everyday life, such as polyurethane foam and paint adhesives. 
High-tech industrial material 
Advanced Material Division produces lightweight composite material for automotive components, Type 4 composite material for high-pressure gas storage equipment, photovoltaic material for EVA sheet and bank sheet.
Green hydrogen.
In December 2020, Hanwha Solutions pledged to build a green hydrogen plant in PyeongChang, Gangwon Province, as a part of its plan to create an ecosystem for the cleanest form of energy. Starting from late 2022, the plant aims to produce 290 tons of green hydrogen every year. 
Besides building a hydrogen manufacturing complex, the company also aims to develop advanced technology for hydrogen storage. In December 2020, it acquired US high-pressure tank maker Cimarron Composites and planned to invest $100 million through 2025. 
The company also seeks to enhance green hydrogen production capability with advanced electrolyte technology. 
CEO.
Kim Dong-Kwan, Lee Gu-Young, Kim Hee-Cheol, Ryu Doo-Hyung, Kim Eun-Soo. 