Hanwha Group is combining two of its subsidiaries, creating a global compressor and gas turbine business. Hanwha Power Systems and Power Systems Mfg. (PSM), a US-based gas turbine service company, will integrate their brands and become Hanwha Power. The creation of Hanwha Power brings together two providers of engineered solutions for the gas turbine power plant market. Through this integration, the company will cover main equipment, auxiliary systems, and services. This allows customers to work with a single partner to optimize across the entire lifecycle.
Hanwha Power will support the role of high-efficiency gas turbines and precision fuel supply systems in today’s energy mix. Additionally, building on its existing liquefied natural gas (LNG) gas turbine capabilities, the company will consolidate expertise in low-carbon power generation using fuels such as hydrogen and ammonia to align with the global trend toward decarbonization. Leveraging its combustor technology, Hanwha Power aims to lead the development of a sustainable energy ecosystem by providing solutions to retrofit installed gas turbines into eco-friendly facilities that complement renewable energy sources.
“At a time when the importance of energy equipment has reached its peak, Hanwha Power will consolidate global capabilities based on rotating machinery technology to strengthen the entire power industry value chain,” said Rafi Balta, chief executive officer of Hanwha Power. “We will enhance local responsiveness and service quality to improve the reliability and efficiency of power plants, and leap forward as a global energy solution company leading the decarbonization era.”
Hanwha Power plans to integrate and operate its global bases in North America, Europe, the Middle East, and Asia, aiming to optimize operations across technology development, engineering, sales, and services.
