Hanwha Q CELLS Wins 'Korea Consumer Award' for 5 Consecutive Years

Korea Consumer Association Hosts Korea Consumer Awards
Selected as Global Best Company
Awarded for High Technology and Thorough Quality Control
Recognized for Excellent Export Capabilities

CEO Lee Guyoung: "We Will Showcase Our Capabilities as a Global Energy Solutions Company"

[Asia Economy Reporter Donghoon Jeong] Hanwha Solutions' solar division (Hanwha Q CELLS) announced on the 22nd that it has been selected as the 'Global Best Company' for the fifth consecutive year at the '2022 Korea Consumer Awards' hosted by the Korea Consumer Association.

The Korea Consumer Awards recognize companies, individuals, and organizations that lead the promotion of consumer rights and possess competitiveness, reliability, and public interest.

Hanwha Q CELLS received this award in recognition of its excellent export capabilities in the global market, based on outstanding technology and strong brand power. Hanwha Q CELLS ranked first in market share in countries such as Germany, a renewable energy powerhouse, as well as the United Kingdom and Japan. In the United States, it achieved first place in market share for residential modules for four consecutive years and commercial modules for three consecutive years until last year.

Hanwha Q CELLS holds high trustworthiness in the global market. It conducts quality tests based on standards up to three times stricter than international standard quality criteria. It was the first in the world to obtain the 'QCPV' solar module quality certification from the global certification body 'T?V Rheinland.' Additionally, Hanwha Q CELLS was selected as a 'Top Performer' for seven consecutive years up to this year in the solar module reliability evaluation conducted by another global certification body, PVEL.

Furthermore, Hanwha Q CELLS maintains a leading position in the global solar market by continuously developing and launching new products. Recently, it demonstrated its high technological competitiveness once again by introducing the new high-efficiency module product 'Q.TRON,' based on TOPCon cells, to the European market.

Meanwhile, Hanwha Q CELLS is jointly researching next-generation solar technologies with academia and small and medium-sized enterprises to ensure that the domestic solar industry continues to lead the global market. Hanwha Q CELLS has been selected as a national project research institute developing perovskite-crystalline silicon tandem cells and module processes and is currently conducting research and development.

Lee Gu-young, CEO of Hanwha Q CELLS, said, "Hanwha Q CELLS has established itself as a global premium brand through continuous technological innovation and product development," adding, "We will continue to provide solutions tailored to the energy market conditions and customer characteristics of each country and showcase our capabilities as a global energy solutions company to the world."