Hanwha Worldwide News: December-2022
Worldwide News
Please click the flags to see Hanwha's news updates around the globe
Australia 레이어 닫기
- Hanwha Energy Australia Pty., Ltd Hanwha Energy Australia Secures 150 Million AUD in Funding to Accelerate Growth
In September of this year, Hanwha Energy Australia Pty Ltd. secured a 150 million AUD (102.2 million USD) investment to fast-track the development and growth of its vertically integrated renewable energy business — a move that strengthens the company’s position to compete with legacy retailers that are attempting to keep up with the green energy transition, and expand its customer base as many smaller retailers exit the market.
Hanwha Energy Australia has an ambitious strategic roadmap to become Australia’s premier energy platform service provider by operating an integrated portfolio of utility-scale and distributed renewable energy solutions. Hanwha Energy Australia, together with its retail energy businesses Nectr, combines utility-scale renewable energy generation, rooftop solar and home batteries, retail energy, finance and technology to offer residential, commercial and large-scale customers a one-stop shop for their energy needs.
The investment, supported by a collection of South Korean financial institutions, will enable Hanwha Energy Australia to significantly expand its presence in utility-scale projects such as solar farms and large-scale batteries. It will also grow the company’s retail and distributed energy customer base and continue the development of technology platforms that connect local consumers with reliable and affordable renewable energy.
“This investment is a clear endorsement of the value of our business model and its attractiveness to like-minded investors in this sector,” said head of Hanwha Energy Australia Tae Hong Kim.
Over the last couple of years, the Australian energy market has witnessed considerable and increasing price volatility, as well as a sustained increase in demand for renewable energy from residential and business sectors. This backdrop serves to underline the interconnectedness of Hanwha Energy Australia’s key strategic goals. The combination of renewable energy generation capabilities and energy platform innovation will enable the company to deliver consistently high service levels to an expanding customer base and circumvent possible price hikes in the wholesale electricity market.
“Our strategic roadmap will build on the strength of our retail brand Nectr by opening up our award-winning renewable energy plans and services to small and medium-sized enterprises (SMEs) and commercial and industrial (C&I) customers,” stated Managing Director of Nectr Andrew Butler. “We envisage an expansion of this customer base as we grow our renewable energy generation assets and supply arrangements throughout the electricity grid. We will continue to offer our customers price stability through access to a compelling suite of solar, battery, and solar + battery systems.”
Thailand 레이어 닫기
- Hanwha Chemical (Thailand) Co., Ltd Hanwha Chemical (Thailand) Hits Target of 1,000 Accident-free Days
On October 20, 2022, Hanwha Chemical Thailand (HCT), Hanwha Solutions Chemical Division’s Thailand office, achieved a first-time record of 1,000 accident-free days.
Maintaining a safe environment in a location where many people are present has posed challenges for the Hanwha Chemical Thailand team. However, due to the unwavering dedication of the company’s employees, the team has been able to achieve this valuable target and celebrate almost three years of safety within the workplace. The successful completion of this goal was made possible through cooperation as one united team.
To achieve sustainable business growth and fulfill their social responsibilities, Hanwha Solutions Chemical Division has adopted safety, health and environment as core values. Each year, Hanwha Solutions Chemical Division quantitively assesses the safety awareness level of its employees to identify areas for improvement. The company also employs a systematic process to ensure that employees are aware of any changes in processes, safety standards, or the workplace environment to prevent accidents and promote an advanced culture of workplace safety. Hanwha Solutions Chemical Division has made employee safety training courses more hands-on, interactive and discussion-based, further securing a safe work environment and promoting accident-free days.
HCT’s has set its next benchmark at 1,200 accident-free days, which the company hopes to achieve by May 2023.
United States of America 레이어 닫기
- Hanwha Energy USA Holdings Corporation How Hanwha Energy is Helping to Conquer the US Energy Crisis
Hanwha Energy's U.S. developer 174 Power Global and its subsidiary, Chariot Energy, are helping solve the Texas energy crisis through extensive solar power retail and development. The energy market in Texas is unique in that it is independently operated by the Electric Reliability Council of Texas (ERCOT), which manages about 90% of the state’s electric load. As ERCOT's first energy providers to successfully bring affordable, 100% renewable energy plans to the market, Chariot and 174 Power Global empower consumers in Texas to take advantage of the Inflation Reduction Act (IRA), which offers extended federal tax credits for certain types of renewable and clean energy projects.
ERCOT is still struggling to recover nearly two years after Winter Storm Uri wreaked havoc on the state’s energy retailers and nearly eight million homes and businesses in February of 2021. The inability of power plants to perform in extreme weather was the number one cause of the outages last year, resulting in blackouts for more than two out of three Texans and 246 deaths. With aging and outdated fossil fuel plants failing faster than clean energy project developers can keep up, energy demand is at an all-time high.
As Uri caused temperatures to plummet across Texas, home heating and other electricity needs surged. However, multiple factors beyond the winter storm have led to record numbers for energy demand. These include the state’s population boom, the rising price of natural gas, an influx of crypto-miners attracted by cheap energy and low rent, and an increasing number of electric vehicles needing to be charged. This combination of factors has resulted in a jump in average summer ERCOT energy prices of almost 20% in five years.
Based on all these factors, estimates from ERCOT show that Texans could experience calls to reduce electricity usage — or even more power outages — this winter if the grid experiences very high power demand. However, according to Stanford University researchers, Texas could end power outage problems by switching to clean energy. ERCOT expects photovoltaics (PV) to play a major role in providing solutions in the coming years as the number of households with rooftop solar has nearly doubled since 2020 with no signs of this exponential growth slowing down.
As 174 Power Global addresses supply constraints at the utility level with the development of several utility-scale PV, energy storage and green hydrogen projects, Chariot is working diligently to leverage its brand at the end-user level to empower consumers with the tools and education necessary to embrace distributed generation options such as residential rooftop solar, energy storage and EV charging. Together, these two brands are working diligently to fix the troubled Texas grid and accelerate the clean energy transition, benefiting both people and the planet.
Vietnam 레이어 닫기
- Pinetree Securities Pinetree Securities Continues Its Dream of Redefining the Future of Finance
Pinetree Securities (Pinetree) announced upgrades to its web trading system (WTS) WebTrading and its award-winning mobile trading application AlphaTrading to provide customers with an enhanced trading experience.
On December 23, the company will launch a new version of WebTrading with enhanced functions and a more user-friendly design. The new interface will feature revised UI/UX to improve the platform’s appearance and boost convenience. This launch follows a previous update which took place in October where two functions were added to help investors enjoy higher efficiency while trading including an upgrade that allows customers to edit their trading orders instead of canceling and placing new orders. Furthermore, customers can now extend their margin loan online — a feature that better serves professional investors.
In September of this year, AlphaTrading was also redesigned with completely modern UI/UX, providing a friendlier in-app experience for mass audiences and a new generation of investors. AlphaTrading has been recognized as a market leading stock trading application and was named Securities Company With Outstanding IT Application — Digital Transformation by the Financial Services Awards in 2021.
In addition to these improved trading experiences, Pinetree has continued to pursue opportunities for attracting new users, expanding its customer base through collaborations with fintech firms in Vietnam. Accordingly, Pinetree recently partnered with Vietnam’s top ride-hailing platform Grab to promote its brand awareness and further develop its customer base. Grab customers participating in the promotion receive rewards including a GrabCar voucher or GrabRewards points when downloading the PineX mobile trading application and registering a new account using specific promo codes. To date, thousands of customers have joined the event.
Since its establishment in Vietnam in 2019, Pinetree has invested heavily in digital technology to provide its customers with optimized financial products and services. In alignment with its “no branch, no brokerage, and digital platforms only" strategy, Pinetree is continuously updating its trading ecosystem including the company’s website, digital research center, web trading system (WTS) and mobile trading system (MTS). Pinetree will continue to prioritize customer experience through its platforms and products.