# Hanwha Power Systems Co.

Hanwha Power Systems Co. is an Operating Company based in Changwon-si, South Korea.

## Overview

- **Organization type:** Operating Company
- **Headquarters:** Changwon-si, South Korea
- **Region:** North America
- **Address:** Changwon-si, South Korea
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** hanwhapowersystems.com
- **LinkedIn:** https://www.linkedin.com/company/hanwha-power

## Regulatory record

- **Reports private funds:** No

## About

Hanwha Power Systems Co. (HPS) is an industrial-technology arm of the Hanwha Group, the South Korean conglomerate founded in 1952. The company focuses on the design and manufacture of centrifugal compressors, steam turbines, and power-recovery systems, primarily for the oil and gas, petrochemical, and renewable-energy sectors. Hanwha Group's broader portfolio spans defense, solar energy, and financial services, but HPS operates as a standalone engineering and manufacturing unit. The company's strategy centers on providing turbomachinery for liquefied natural gas (LNG) plants, refinery upgrades, and waste-heat recovery systems. It also supplies components for hydrogen and carbon-capture infrastructure, reflecting a shift toward clean-energy applications. Geographic footprint includes offices in Changwon-si, Toronto, Menlo Park, San Francisco, London, West Palm Beach, and Cambridge, targeting markets in North America, Europe, and the Middle East. Headcount and financial deployment figures are not publicly disclosed. The firm has not reported a notable operational event in the last 24 months through public channels. Hanwha Group's other subsidiaries, such as Hanwha Solutions and Hanwha Aerospace, provide adjacent capabilities in solar manufacturing and defense, but HPS remains focused on industrial power systems. HPS operates as a vertically integrated equipment manufacturer rather than a capital allocator, distinguishing it from typical family-office or asset-manager profiles. Its relationship to the Hanwha Group's conglomerate structure — where cross-subsidization and shared R&D occur — creates a model uncommon among standalone industrial firms. This structure allows for long-cycle product development without quarterly earnings pressure from external shareholders.

## Sectors

- Industrial Tech
- Energy Transition & Renewables
- Infrastructure
- Robotics & Automation

## Offices

- Toronto, Canada
- Menlo Park, United States
- San Francisco, United States
- London, United Kingdom
- West Palm Beach, United States
- Cambridge, United Kingdom

## Questions

### What markets does Hanwha Power Systems serve?

HPS supplies centrifugal compressors, steam turbines, and power-recovery systems primarily to oil and gas, petrochemical, and renewable-energy sectors. Key applications include LNG liquefaction, refinery upgrades, waste-heat recovery, and hydrogen infrastructure. The company has offices in South Korea, Canada, the US, and the UK (per firm communications).

### Who are the key principals at Hanwha Power Systems Co.?

Leadership details for Hanwha Power Systems Co. are not publicly disclosed in a verifiable format. The company's homepage and press releases do not name a CEO or managing director. Hanwha Group's overall governance involves the Kim family, but specific principals for HPS remain unconfirmed.

### What recent projects or contracts has Hanwha Power Systems undertaken?

In February 2025, HPS announced a supply agreement for centrifugal compressors for a Middle Eastern LNG project. The firm also partnered on hydrogen infrastructure initiatives in 2023, per public press releases. No other specific recent deals are verifiable through public sources.

## Related profiles

- [Applebee's International](https://altss.com/profile/applebees-international)
- [Livzon Pharmaceutical Group Inc.](https://altss.com/profile/livzon-pharmaceutical-group-inc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/hanwha-power-systems-co

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology