Hanwha Q CELLS and MS Unveil New Energy Solution "Expecting Minimum Cost and Maximum Profit"

Providing Customized Models for Customers
Real-Time Monitoring of Energy Assets

Hanwha Solutions Q CELLS Division (Hanwha Q CELLS) has pre-released a newly developed energy solution software in collaboration with Microsoft (MS).

Park Young-chun, Head of Hanwha Q CELLS Digital Solution Center, is introducing new energy software at the aT Center in Seocho-gu, Seoul on the 26th. Photo by Hanwha Solutions

Hanwha Q CELLS participated in the ‘MS Artificial Intelligence (AI) Tour in Seoul’ held by MS on the 26th at the aT Center in Yangjae-dong, Seocho-gu, Seoul. Satya Nadella, MS CEO and Chairman of the Board, delivered the keynote session, followed by a breakout session where Park Youngchun, Head of the Digital Solution Center at Hanwha Q CELLS ES Business Division, introduced the new energy software.

The software unveiled that day is a product independently developed by Hanwha Q CELLS utilizing MS’s Azure AI platform. Hanwha Q CELLS plans to expand its business area into the smart energy service sector that controls the entire process from power generation, storage, trading, to consumption through AI-based software development.

The new software supports customers who want to install modules or energy storage systems (ESS) by predicting models that expect minimal cost and maximum profit, helping them select the optimal solution. The prediction results are derived after learning data such as incentives, interest rates, climate conditions, and energy consumption, which vary by country and region, through AI machine learning techniques.

It is also possible to optimize the operation and management of installed energy assets. Customers can gather their assets on a single platform for real-time monitoring. Additionally, it features functions that predict real-time fluctuating power generation and electricity demand to plan ESS charging and discharging schedules and support trading electricity under optimal conditions. This software can be used not only by customers using solar power and ESS at homes but also by renewable energy demand companies and utility companies operating energy infrastructure. In particular, large-scale power producers can expect power grid stabilization effects and rapid response in emergencies such as power outages.

The final version of the energy software revealed during this tour is scheduled to be released this year. Hanwha Q CELLS plans to strengthen its position as an energy service provider in major markets such as the United States by developing and launching energy management software based on AI and Internet of Things (IoT) technology cooperation with MS. Market research firm Global Market Insights (GMI) has forecasted that the U.S. energy service market will grow from approximately $3.08 billion in 2023 to about $6.75 billion by 2032.

Park, the center head, stated, “With the unprecedented growth of various distributed energies such as residential solar power, ESS, and EVs, the need for advanced bidirectional energy management software incorporating cutting-edge technology is greatly emerging. Hanwha Q CELLS will strengthen its energy software business based on cooperation with MS, a leader in AI and cloud fields, and complete a differentiated value chain as a total energy solution provider.”

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