Hanwha Q CELLS Co., Ltd. is a manufacturer of photovoltaic solar cells with headquarters in Seoul, South Korea and for technology and innovation in Thalheim, Germany. The present company was created in February 2015 by combining Hanwha SolarOne and Hanwha Q CELLS. It’s a subsidiary of the Hanwha Group.
South Korea — Hanwha and LG Energy Solution announced they are going to put money into constructing battery production facilities in the US.
The 2 corporations signed a memorandum of understanding in Seoul for comprehensive battery business cooperation for ESS and other clean-tech energy solutions.
The MOU was signed by LGES and three subsidiaries under Hanwha Group – Hanwha Solutions, owner of unpolluted energy manufacturer Qcells, Hanwha Corporation/Momentum and Hanwha Aerospace.
The joint investment is predicted to spice up battery supply resiliency for the US market amid the growing need for American-made Energy Storage Systems following the passage of the Inflation Reduction Act.
The 2 corporations can even pursue technology cooperation for developing advanced ESS solutions tailored for industrial, industrial and utility markets. They include an enclosure, heat management and other balance of the system.
“Now we have decided to collaborate with LG Energy Solution, which has several large-scale manufacturing facilities being constructed in U.S., to focus on the U.S. ESS market boasting fast growth due to green energy policies,” said Hanwha Group.
“Our partnership with Hanwha Group is predicted to take the competitiveness of every company’s battery-related businesses a step further,” said LG Energy Solution.