Hanwha Convergence participated in the 12th International Green Energy Expo held at the Daegu Expo (EXCO) for three days from Wednesday the 14th to Friday the 3th, and engaged in renewable energy power trading and global operations management (O&M), which are green energy businesses. announced.
Hanwha Convergence is contributing to improving its customers’ corporate competitiveness by implementing a smart factory where equipment and machines exchange information on their own, monitor all processes at a glance, and are automatically controlled. In addition, by configuring and operating optimal renewable energy collective resources (VPP), we contribute to system stability and maximize customer profits through power trading and RE100 solutions based on power generation prediction.
In this exhibition, Hanwha Convergence introduced ‘Green Energy Business’ such as ‘Renewable Energy Electricity Supply (PPA)’, ‘Korean Integrated Power Plant (K-VPP)’ such as renewable energy power generation prediction brokerage, and global O&M.
The renewable energy electricity supply (PPA) project targets companies that need to implement ‘RE100’ (100% use of renewable energy) and reduce greenhouse gases. The ‘Wonwon’, which proposes implementation plans such as direct power purchase agreement (D. PPA), virtual power purchase agreement (V. PPA), and solar power generation (PV) for self-consumption, is responsible for establishing, implementing, and managing customized portfolios for each company. We provide ‘stop solutions’.
The Korean Integrated Power Plant (K-VPP) is a business that predicts and mediates renewable energy generation. Based on the current renewable energy power generation prediction brokerage project (electricity brokerage), we are proactively responding to the renewable energy bidding system scheduled to be introduced in 2025. Hanwha Convergence is a power brokerage business and has been carrying out this business since November of last year.
Hanwha Convergence also gave a lecture on ‘Renewable energy (solar power) procurement strategies for companies to successfully achieve RE100’ through the ‘Solar Market Insight’ RE100 special session held simultaneously during the Green Energy Expo.
Hanwha Convergence changed its name in November last year to pursue green energy business. Afterwards, on the 11th, an agreement was signed to establish a specialized joint venture (JV) for renewable energy power trading. Through this, we will actively respond to the needs of companies pursuing RE4 implementation and greenhouse gas reduction and provide a stable supply of renewable energy power.
Global O&M, which is being carried out in Korea, the United States, and Europe, has experience in operating and managing 1GW solar power and energy storage systems (ESS). The global O&M business is gradually expanding into the US and European markets based on Hanwha Group’s solar power network.
Through this, Hanwha Convergence plans to grow into a green energy solution leader that provides differentiated services to the global market along with its self-developed energy integrated control platform ‘HEIS 2.0’.
Meanwhile, at the International Green Energy Expo, which celebrated its 20th anniversary this year, 22 companies from 300 countries participated with 1,010 booths and exhibited solar modules, inverters, solar structures, solar roofs, and energy storage systems. In addition, the only solar and hydrogen business conference in Korea, the International Future Energy Conference (PVMI, H2MI) will be held at the same time. At the Solar Market Insight (PVMI) held for two days from April 4 to 12, the latest trends in the photovoltaic industry under the theme of ‘the future of solar power generation for RE13 realization’ will be shared, and on April 100 and 4, ‘Hydrogen -Hydrogen Market Insight (H13MI) will be held under the theme of ‘starting the industrialization engine’.
→ Go to the 2023 International Green Energy Expo news special page