On Feb. 6, a joint research team at the Ulsan National Institute of Science and Technology (UNIST), led by Professor Lee Jae-sung, Professor Jang Ji-wook, and Professor Seok Sang-il from the Department of Energy and Chemical Engineering and Professor Lim Han-kwon from the Graduate School of Carbon N
The world’s most efficient quantum dot (QD) solar cell has been developed by the Ulsan National Institute of Science and Technology (UNIST). A quantum dot solution and a device used in the development of the solar cell can maintain high performance even after long-term storage, taking a step closer
The Korea Institute of Energy Research (KIER) will join forces with leading European industries, academia, and research centers in an international collaboration to develop carbon-neutral technologies.KIER has been officially selected by the European Union’s Horizon Europe Program as part of a conso
Jusung Engineering, a semiconductor, display, and solar equipment company, has carved a mythical path in the barren land of domestic ventures. This year marks its 30th anniversary. Established in 1993, the company has experienced various challenges but has achieved remarkable growth through continuo
At Nano Tech Day 2023 held on July 20 at Community House Masil in Seoul, a team from the Hyundai-Kia Basic Materials Research Center unwrapped a transparent solar cell that can lower reliance on electric vehicle batteries and eventually enable battery-free driving.The transparent solar cell was one
Hanwha Solutions will establish a research and development (R&D) hub in the United States. The hub will connect Korea and Germany. The expansion of Hanwha’s R&D center from two tracks to three tracks in the United States is expected to accelerate the company’s efforts to lead the next-generation sol
Hanwha Solutions’ Q CELLS will invest 136.5 billion won (US$101.9 million) to mass produce perovskite-silicon-based tandem cells called “dream solar cells.”Q CELLS announced on May 16 that it will build a pilot facility for volume production of tandem cell modules at its Jincheon plant in North Chun
Hanwha Solutions announced on March 14 that it will appoint Danielle Merfeld as chief technology officer and vice president of GE Renewable Energy, as its global chief technology officer for Q CELLS.CTO Murfeld majored in electrical engineering at the University of Notre Dame and received a Ph.D. in
Hanwha Q CELLS of Hanwha Solutions will participate in an R&D project for mass production of next-generation solar cells supported by the European Union (EU).The project is intended to build a perovskite-crystalline silicon tandem cell test production line at the Hanwha Q CELLS Global R&D Center in
Hanwha Solutions announced on Oct. 13 that it will start commercial production of TOPCon cells, which are more energy efficient than existing PERC cells, from April 2023 and begin mass-production of perovskite-based tandem cells from June 2026.According to the company, PERC cells, which currently ac
The Ulsan National Institute of Science and Technology announced on July 17 that its research team led by professor Choi Kyung-jin has developed a multifunctional anti-reflection film capable of increasing the service life and efficiency of a tandem solar cell in which a perovskite solar cell is on
It is predicted that solar power will be a partial solution to the ongoing EV battery shortage.In fact, the first car equipped with a solar roof was released in as early as 2009. However, since then, the automotive solar panels have shown little improvement. The roofs are still heavy, and their elec
Hanwha Solutions has come one step closer to becoming the world’s first company to mass-produce solar cells using perovskite. Perovskite cells are called a game changer in the photovoltaic market as they are superior to silicon photovoltaic cells in terms of efficiency, prices, production cost and f
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. 1Q22 operating loss amounts to KRW2.8bnUniTest posted sales of KRW17.9bn (-35% YoY) and operating loss of KRW2.8bn for 1Q22. By division, semiconductor tes
Hanwha Solutions announced on Nov. 18 that it will acquire a 16.67 percent stake in REC Silicon ASA, a leading producer of high-purity polysilicon, for a total of US$160.47 million.Headquartered in Fornebu, Norway, REC Silicon ASA, is running two polysilicon plants in the United States, supplying hi
Hanwha Q CELLS announced on Sept. 9 that it will invest 1.5 trillion won in domestic production and research facilities by 2025. The company plans to invest in line conversion for production of high-power products and research on tandem cells based on perovskite, a next-generation technology.Hanwha
The author is an analyst of KB Securities. He can be reached at yc.baek@kbfg.com. -- Ed. Maintain BUY We maintain BUY and revise down our TP by 3.3% to KRW58,000. Although we revise up 2021E/2022E NP (attributable to controlling interests) by 19.2%/19.8% in light of the earnings turnaround for Chemi
Hanwha Solutions announced on Jan. 4 that it has reorganized its solar energy business division and established a hydrogen technology research center.The company has expanded its global Green Energy Solution (GES) Business Division, which is in charge of renewable power generation projects. The GES
Hanwha Q CELLS will partner with universities and small and medium-sized enterprises to develop tandem cells, a next-generation solar cell.The company announced on Dec. 15 that a consortium it formed with universities and partner companies was selected for a government-funded research and developmen
The author is an analyst of NH Investment & Securities. He can be reached at ys.hwang@nhqv.com. -- Ed. Hanwha Solutions’ leading position in the solar industry and its efforts to nurture its hydrogen business stand out. While there have been concerns towards the recent Nikola issue, we recommend gre