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Industry
Hanwha Solutions Q1 operating profit up 205 percent to 92.6 billion won
Hanwha Solutions said first-quarter operating profit rose 205.5 percent from a year earlier to 92.6 billion won, while revenue increased 25.5 percent to 3.88 trillion won on a consolidated basis. It marked a return to operating profit for the first time in three quarters since the second quarter of 2025. The company said U.S. solar customs delays eased, plant operations normalised and profitability improved across renewable energy, chemicals and advanced materials.
Industry
Shinsung E&G enters data centre solar power business
Shinsung E&G is entering renewable energy projects to meet rising electricity demand from data centres. The company said it signed a memorandum of understanding with Bridge Ocean Consulting to jointly 추진 solar power plant construction and build a renewable-based power supply system for data centres. The partners plan step-by-step cooperation from early development through permitting, external liaison and project structuring. Their first project under review is rooftop solar with an expected capacity of 15 to 30 MW.
Industry
LG Energy Solution signs 5 GWh ESS battery supply deal with Hanwha Qcells
LG Energy Solution said it has signed a 5 GWh energy storage system battery supply contract with Hanwha Qcells. The company will supply LFP batteries produced at its Holland, Michigan plant from 2028 to 2030 for ESS projects Hanwha Qcells is pursuing across the United States. The contract includes LG Energy Solution Vertech’s lifecycle services. The companies plan to link batteries and solar modules using U.S. production bases in Michigan and Georgia.
