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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.

AI & Enterprise

Meta to tap space solar power to secure round-the-clock electricity for data centres

Meta will invest in space-based solar power transmission technology to secure night-time electricity for its data centres. It signed a power capacity reservation agreement of up to 1 gigawatt with startup Overview Energy, its first major demand contract. Meta data centres used more than 18,000 gigawatt hours of electricity in 2024. Overview Energy plans to collect solar energy via satellites and send it as near-infrared beams to ground solar plants.

Industry

South Korea draws up nanotechnology master plan, upgrades national strategic technology framework

The South Korean government will step up its next-generation science and technology strategy by drawing up a comprehensive nanotechnology research plan every five years. The National Science and Technology Advisory Council reviewed and approved the sixth nanotechnology master plan for 2026 to 2035 and a plan to upgrade the national strategic technology framework. The government also derived 55 “NEXT national strategic technologies” and plans to invest 60 trillion won in strategic technologies over the next five years.