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Approaching Carbon Emissions and Climate Change with Creative Technological Ingenuity
As carbon and greenhouse gas emissions have exponentially increased over the course of the last several decades, a variety of industries have shifted to prioritise a cleaner and greener economic business model.
Hanwha is a sustainability-focused company at the forefront of the environmental-economic movement, investing its time, infrastructure, and technology towards lowering the Earth’s temperature and carbon emissions. With a diverse presence in green energy, aerospace, mechatronics, materials and financial services, Hanwha is tackling the issue of climate change from all angles of its businesses and corporate practices.
“Climate change is as significant a challenge as humanity has ever faced,” states CEO of Hanwha Solutions, Dong Kwan Kim. “According to IPCC’s report in 2014, the energy supply sector is the largest contributor to global greenhouse gases, responsible for approximately 35% of total emissions,” Kim continues. “So if we can make changes in how we produce, harvest, and utilise energy, the impact will be immense.” Hanwha’s mission of maintaining and creating economic growth in an environmentally conscious way resonates on a global level, as a majority of countries around the world have experienced extreme weather conditions and events in recent years due to climate change.
Qcells, the solar business arm of Hanwha Solutions, focuses on being a global leader in solar energy. Its essential priority is to make solar power “more efficient, more affordable, and more available around the world,” says Justin (Koo-Yung) Lee, CEO of the division. By developing technologies that include increasing the efficiency of solar panels, improving off-grid applications, and developing energy management systems, Qcells defines its mission as making solar energy the logical choice. Going above and beyond standard industry practices, Qcells is leaving no stone unturned and minimizing the use of fossil fuels along its entire supply chain – one area of focus is the use of hydropower in the US to produce clean polysilicon that powers the cells.
At the same time, Hanwha is harnessing its hydrogen technology and offering a decarbonizing solution for existing gas power infrastructure, by working with stranded assets that are no longer viable as we shift away from fossil fuels. Modifying, or retrofitting, existing gas turbines to allow them to run partly on hydrogen can not only decrease the use of gas significantly but also lower carbon dioxide emission levels. “We’ve succeeded in Europe and the US in retrofitting commercial gas turbines that now burn up to 30% hydrogen,” Charles (Hee Cheul) Kim, CEO of Hanwha Impact, explains. The ability to not only create environmentally friendly energy sources, but also to use its technology to actively reduce pollution in our planet, is incredibly notable.
Hanwha also literally goes beyond energy solutions by focusing on space technology to promote sustainability. “Space is literally revolutionizing how we do business and live our lives. The benefits are real and tangible. What people don’t realize is that space technologies have the potential to help us achieve sustainability here on the ground,” Hyunwoo Shin, CEO of Hanwha Aerospace, states. Space indeed is a unique sector with creative solutions that can be applied to different industries. In the renewable energy arena, space technology can help with the identification of optimal sites for the production of renewable energy facilities and power grid synchronization. Hanwha also focuses on developing satellite technology to improve climate change monitoring, weather forecasting and disaster management by essentially creating an Earth observation data platform.
With the innovative goal to utilise technology with clean energy to create a more sustainable future, Hanwha’s pioneering approach to reducing carbon emissions stems from its unique advances in solar, hydrogen, and space technology. “Economic growth and development can’t come at the expense of future generations. There really is no room for concessions when it comes to the environment,” states CEO of Hanwha Solutions, Dong Kwan Kim. And Hanwha does not seem to be conceding at any regard. When it comes to ensuring a planet for future generations, there are many steps that must be taken. Hanwha’s ongoing mission against global warming is certainly a step in the right direction.
“Space is literally revolutionizing how we do business and live our lives. The benefits are real and tangible. What people don’t realize is that space technologies have the potential to help us achieve sustainability here on the ground.”
These articles are produced by TBD Media group