Samsung Electronics and Hanwha Q CELLS Join Hands to Build Zero Energy Homes (Comprehensive)

Kim Hee-chul, President of Hanwha Q CELLS (left), and Lee Jae-seung, President of Samsung Electronics' Consumer Electronics Division, signed a Memorandum of Understanding (MOU) for mutual cooperation to establish zero-energy homes on the 2nd at Hanwha Group headquarters in Jung-gu, Seoul, and are taking a commemorative photo. (Photo by Samsung Electronics, Hanwha Q CELLS)

[Asia Economy reporters Hyunjin Jeong and Yoonju Hwang] Samsung Electronics and Hanwha Q CELLS have joined forces to realize the 'Zero Energy Home.' This eco-friendly energy solution business aims to reduce carbon emissions by efficiently using energy produced directly at home, targeting advanced markets such as Europe and the United States first.

Samsung Electronics and Hanwha Q CELLS announced on the 5th that they signed a Memorandum of Understanding (MOU) for mutual cooperation to build Zero Energy Homes on the 2nd at Hanwha Group headquarters in Jung-gu, Seoul. The signing ceremony was attended by key executives from both companies, including Jaesung Lee, President of Samsung Electronics' Consumer Electronics Division, and Heechul Kim, President of Hanwha Q CELLS. The two companies plan to collaborate in various areas such as linking their respective platforms, technology, and personnel support to realize Zero Energy Homes.

The Zero Energy Home envisioned by the two companies involves Hanwha Q CELLS producing and securing electricity through residential solar modules and energy storage systems (ESS), while Samsung Electronics provides an energy management system based on its 'SmartThings Energy' service. This aims to offer an integrated comprehensive energy service covering energy production, storage, usage, and management.

In particular, Samsung Electronics' SmartThings is a service that monitors the energy consumption of Samsung home appliances linked to the application (app) in real time and analyzes user patterns to efficiently manage electricity usage. As an open platform, it allows users to connect and manage various Internet of Things (IoT) appliances later, even if they are not Samsung products.

Samsung Electronics and Hanwha Q CELLS will begin their cooperation focusing on the European and U.S. markets, where interest in eco-friendly energy is high. According to a survey by global energy consulting firm Wood Mackenzie, Hanwha Q CELLS ranked first in the U.S. residential solar module market for three consecutive years from 2018 to 2020.

President Lee said, "We expect great synergy when Samsung Electronics, which owns both smart appliances and the SmartThings platform, combines with Hanwha Q CELLS' solar energy solutions." President Kim emphasized, "We expect that the two Korean-leading companies cooperating in the global market will provide competitive energy-saving solutions," adding, "Through synergy between the two companies, we will establish a solid position in the global residential energy market."

Samsung Electronics has recently been focusing on developing energy solutions that can practically reduce energy consumption at home and on the smart housing sector. Last year, Samsung Electronics partnered with UK real estate developer Etopia to supply eco-heating system (EHS) heat pumps and home appliances connected to SmartThings to 6,000 eco-friendly homes over the next five years. Last month, Samsung signed an MOU with Korea Electric Power Corporation to develop a 'Home Energy Solution' based on power data, aiming to provide solutions that reduce energy consumption by integrating power data with SmartThings.

This content was produced with the assistance of AI translation services.