Hanwha Impact’s subsidiaries, Hanwha Power Systems and PSM, have merged under a unified brand, Hanwha Power. The restructuring creates a comprehensive energy infrastructure provider targeting rising global demand for stable power and low-carbon solutions.
Hanwha Impact’s subsidiaries, Hanwha Power Systems and U.S.-based gas turbine service firm Power Systems Mfg., LLC (PSM), have merged operations under a single entity named Hanwha Power, according to official disclosures. The consolidation unites the companies’ capabilities in main equipment, auxiliary systems, and aftermarket services to offer integrated lifecycle support for gas turbine power plants.
The restructuring comes as global power markets face intensified strain from electrification and data center expansion, driving urgent demand for reliable generation capacity. By integrating its rotating machinery technology, Hanwha Power aims to move beyond equipment-focused business models toward a unified energy solution provider.
The entity will also consolidate expertise in low-carbon fuels, including hydrogen and ammonia, building on existing LNG gas turbine capabilities to support decarbonization efforts. Hanwha Power plans to operate global bases across North America, Europe, the Middle East, and Asia to streamline technology development, engineering, sales, and service delivery.
The unified structure is designed to enhance local responsiveness and operational efficiency, positioning the company to capture opportunities in both new installations and retrofitting existing turbines with eco-friendly combustor technology. Hanwha Impact is a South Korean industrial holding company focused on chemicals, energy equipment, and advanced materials.
About GlobeNewsInfo
GlobeNewsInfo.com is a business news platform providing latest updates on global business developments, projects, and contract opportunities across diverse sectors and regions. The platform is designed to serve as a trusted source of information for companies, investors, and professionals worldwide.