Hyosung is committed to promoting genuine ESG management through its brand RE:GEN. Hyosung strives to contribute to the advancing a circular economy, reducing global carbon emissions, providing sustainable and eco-friendly energy, and preventing resource depletion. Hyosung’s brand adheres to its core values of RECYCLE, UPCYCLE, ZERO, NEW ENERGY, and SAVE, diligently implementing them across all its subsidiaries to strive for tangible management.

Under the ESG brand RE:GEN, Hyosung has established five thematic foundations for each subsidiary: RE:GEN NEW ENERGY (Hyosung Heavy Industries), RE:GEN SMART IT (Hyosung TNS), RE:GEN ECO LIFESTYLE (Hyosung TNC), RE:GEN FUTURE MATERIALS (Hyosung Advanced Materials), and RE:GEN NEW CHEMISTRY (Hyosung Chemical). In this series, we will spotlight Hyosung Heavy Industries, a pioneering enterprise for energy solutions dedicated to future generations, under the theme RE:GEN NEW ENERGY.

Hyosung Heavy Industries is a prominent and influential player in the essential energy sector, powering our daily lives. As a leader in sustainable energy solutions, the has significantly invested in research and development. Hyosung Heavy Industries is committed to implementing environmentally friendly management practices that foster a harmonious relationship between humanity and nature.

Hyosung Heavy Industries aims to become the 'Total Energy Solution Leader for Tomorrow', by developing eco-friendly alternatives to conventional energy sources. It also builds a hydrogen value chain to pave the way for future generations. As part of the company’s commitment to environmental protection and fulfilling social responsibilities, Hyosung Heavy Industries the company reaches the maximum potential of its capabilities to meet the needs of its customers. As a company committed to driving innovation and contributing to sustainable development, Hyosung Heavy Industries presents the energy technology of tomorrow.

Energy for Tomorrow, Clean Energy

Countries worldwide have been promoting the use of renewable energy sources such as solar and wind power to combat the climate crisis by reducing coal-fired power generation. However, they have recently started exploring natural gas as a backup option due to the unstable supply of eco-friendly energy caused by extreme weather conditions. The popularity of natural gas as a cleaner alternative to fossil fuels has spiked.

Unfortunately, energy supply instability has resulted in an energy crisis due to the issues like the COVID-19 pandemic and conflicts such as the Russo-Ukrainian war. This energy crisis, expected to deliver a significant economic blow globally, is one of the pressing issues we are currently facing. The world is expected to experience a major energy transition through this crisis, underscoring the need to be prepared and proactive.

In anticipation of the future energy transition, Hyosung Heavy Industries invests in eco-friendly energy storage and supply technology. Hyosung Heavy Industries is also exploring hydrogen as an alternative energy source, recognizing its prevalence as a clean energy source in our daily lives.

Total Energy Solution Leader for Tomorrow

Every day, we rely on a vast array of energies that enable us to engage with our smartphones, computers, televisions, and other electronic devices. These energies also provide us with the convenience of air conditioning and efficient transportation, enhancing our quality of life. We owe this remarkable level of comfort and accessibility to the presence of electricity, which has revolutionized our daily existence.

Hyosung Heavy Industries has been a leading pioneer in the heavy electrical equipment industry, growing in parallel with the evolution of our nation's power grid. The company acknowledges the unsustainable practice of burning fossil fuels for energy production. It is committed to developing technologies that provide a consistent supply of green energy is a precious gift from nature.

Hyosung Heavy Industries is committed to developing an advanced, flexible power grid that can harness natural energy to generate electricity without harming the environment. The goal is to facilitate the provision and consumption of clean energy by pioneering innovative power solutions for the future. Hyosung Heavy Industries strives to replace fossil fuels by being at the forefront of the commercializing hydrogen and renewable energy.

Hyosung Heavy Industries' Endeavor for the Purification of Power Solutions

With a history spanning over half a century, Hyosung Heavy Industries has grown alongside the domestic power grid, establishing itself as a paradigm company in the industry. As a leading enterprise in power solutions within domestic market, Hyosung Heavy Industries holds a substantial market share in transformers, circuit breakers, and distribution panels, renowned for its superior technological expertise. Hyosung Heavy Industries is dedicated to surpassing its position as a prominent industry leader in the medium-voltage equipment sector. The company strives to meet all stakeholders' diverse needs and expectations, including customers, partners, employees, and shareholders. While pursuing excellence in its products and services, Hyosung Heavy Industries is equally committed to fulfilling its environmental and societal obligations.

Hyosung Heavy Industries prioritizes environmental sustainability as well as technological advancements. They constantly strive to develop solutions to ensure safe electricity usage, an essential part of daily life. Hyosung Heavy Industries is committed to developing clean power for a sustainable future. By using eco-friendly materials in transformers, circuit breakers, and distribution panels, and continuously improving electric power equipment efficiency, they are leading the industry in decarbonizing the power grid.

Hyosung Heavy Industries is making significant strides towards environmental sustainability by replacing the mineral oil commonly used in traditional transformers with biodegradable, eco-friendly insulating oil. In addition, they are developing transformer with synthetic ester oil that are both environmentally friendly and fire-safe. By proactively transitioning the insulating materials of power and industrial devices to eco-friendly alternatives, improving efficiency, and leading in the development and supply of environmentally friendly products, Hyosung Heavy Industries is demonstrating its commitment to promoting cleaner and more sustainable power solutions.

Hyosung Heavy Industries Pioneering the Commercialization of Hydrogen Energy

Hyosung Heavy Industries is leading the industry in commercializing hydrogen energy to achieve the shared goal of carbon neutrality. The company is dedicated to building a hydrogen value chain, which includes production, storage, transport, and supply, to support this shift towards sustainable energy. By 2023, Hyosung Heavy Industries plans to complete the construction of a liquid hydrogen plant at the Ulsan Yongyeon factory. After completion, Hyosung Heavy Industries plans to set up a fueling infrastructure to distribute the liquid hydrogen produced at the plant.

Hyosung Heavy Industries has been at the forefront of the national hydrogen fueling station market since 2000, leveraging its accumulated expertise in heavy industries such as generators and compressors. Having supplied nationwide natural gas compression systems and hydrogen gas compression systems for over half a century, the company has gained a competitive edge and knowledge with over half a century of experience.

The completion of Seoul's first commercial hydrogen fueling station at the National Assembly in 2019 was just the beginning. Since then, Hyosung Heavy Industries has installed hydrogen fueling stations at 18 locations, including the Government Complex Sejong. The company plans to establish 50 more liquid hydrogen fueling stations nationwide, expanding the hydrogen infrastructure to over 120 locations.

Hyosung Heavy Industries Renewable Energy for the Great Energy Transition

Hyosung Heavy Industries is deploying diverse strategies to prepare for the global energy transition. Commercializing and expanding renewable energy sources is one way to achieve sustainable energy systems. A transition to renewable energy involves replacing fossil fuels with solar and wind power. This is one of kind Hyosung Heavy Industries prepares for the future and managing the energy transition.

Currently, Hyosung Heavy Industries is implementing solar power generation systems by utilizing its photovoltaic EPC and inverter technology, not only in various domestic buildings but also in overseas subsidiaries. Furthermore, the company ensures the integration of solar systems in the buildings and facilities it constructs. In addition to solar, Hyosung Heavy Industries also manufactures essential parts for wind turbines such as gearboxes, generators, controllers, and towers.

Hyosung Heavy Industries has partnered with SE Wind, a subsidiary of the Shanghai Electric Group, to develop an 8MW wind turbine project in response to the increasing demand for larger offshore wind turbines. Recognizing the increasing importance of wind power, a renewable energy source unrestricted by site use, the company plans to successfully commence construction on various projects. Three major offshore wind projects are in the works: the 2.4GW Southwest wind farm, the 4.1GW Shinan wind farm, and the 4.5GW Ulsan floating wind farm. The aim is to finish these projects by 2030 to reach the goal of carbon neutrality.

Hyosung Heavy Industries: At the Forefront of 'Energy Transition' for Environmental and Human Wellbeing

In 2022, Hyosung Heavy Industries was awarded the Carbon Management Honors, a distinction conferred upon businesses that achieve the highest rating in the Carbon Disclosure Project (CDP) assessment. Earning a grade of A- in this evaluation, the company was recognized as a corporate leader implementing low-carbon, green growth by the CDP, a global carbon information disclosure agency. The accolade was earned due to Hyosung Heavy Industries' various initiatives to develop and commercialize new low-carbon energies, shifting away from traditional energy operations that deplete Earth's resources and emit carbon. Hyosung Heavy Industries’ commitment to providing energy solutions for a sustainable tomorrow was instrumental in earning recognition as a driver of low-carbon green growth.

The world is now at a turning point where a swift shift from a fossil fuel-dependent society to a carbon-neutral society is urgently needed. As a result of the current global energy crisis, there are many challenges that must be addressed to successfully commercialize renewable and hydrogen energy and prepare for the upcoming era of energy transition. To lead and respond effectively to the transformation towards cleaner energy, Hyosung Heavy Industries is making consistent efforts to use hydrogen energy, purify electric energy, and develop stable renewable energy sources.

Hyosung Heavy Industries offers a range of sustainable energy solutions that prioritize environmental protection and social responsibility. As we enter the era of energy transition, the company is dedicated to promoting the use of clean energy and maximizing power efficiency. By doing so, we aim to secure a comfortable life and a sustainable planet for future generations.