174 Power Global
174 Power Global is the U.S. energy platform of Hanwha Group, developing utility-scale solar and storage, powered land for hyperscale data centers, retail electricity supply (Chariot Energy) in ERCOT and PJM, and dispatchable gas generation for grid stability.
- Company typePrivate
- Founded2013
- HeadquartersIrvine, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What 174 Power Global does
174 Power Global is the U.S. investment and incubation arm of Hanwha Energy and an affiliate of Hanwha Group, a Fortune Global 500 South Korean conglomerate. Founded in 2013 and headquartered in Irvine, California, the company operates an integrated energy platform spanning the full U.S. energy value chain through four wholly-owned operating subsidiaries: Hanwha Renewables (utility-scale solar and battery energy storage development), Hanwha Data Centers (powered land and integrated energy infrastructure for hyperscale and enterprise data center users), Chariot Energy (residential and commercial retail electricity supply in the deregulated ERCOT and PJM markets), and Hanwha Gas Power Solutions (dispatchable gas generation for grid stability and large energy users).
The company's business model combines long-duration, capital-intensive infrastructure development (solar, storage, gas generation, and powered land) with downstream retail energy delivery through Chariot Energy. Revenue is generated through multiple mechanics: power sales from utility-scale renewable and dispatchable generation assets, long-term power supply agreements and infrastructure fees from hyperscale and enterprise data center customers, and retail electricity supply margins from residential and commercial consumers in deregulated markets. The company raised $210 million in a 2019 funding round and acquired OnForce Solar that same year to bolster its distributed-generation capability. Henry Yun serves as founder and CEO.
Customer segments are diversified across three primary axes: hyperscale/enterprise data center operators seeking powered land, large energy users and utilities requiring dispatchable generation and grid support, and residential/commercial electricity consumers in deregulated markets. The integrated platform architecture — generation, grid support, energy-backed infrastructure, and end-customer delivery — is designed to capture cross-vertical synergies, with Hanwha Group providing patient capital and global scale advantages relative to independent U.S. energy developers.
174 Power Global firmographics
Firmographics- Name
- 174 Power Global
- Legal name
- Hanwha Energy USA
- Website
- https://174powerglobal.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- 174 Power Global is the U.S. energy platform of Hanwha Group, developing utility-scale solar and storage, powered land for hyperscale data centers, retail electricity supply (Chariot Energy) in ERCOT and PJM, and dispatchable gas generation for grid stability.
- Ownership category
- akta.pro rank
174 Power Global industry classification
Industry- Product category
- Integrated Energy Infrastructure
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111), Fossil Fuel Electric Power Generation (221112), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Utility-Scale Power Generation Asset Management (EUAEAMAA)
- akta.pro secondary industry
- Renewable Energy Infrastructure (FSAAAKAG)
Keywords
Where 174 Power Global is headquartered
LocationHeadquarters
- HQ city
- Irvine
- HQ country
- United States
- HQ region
- North America
Markets served
174 Power Global business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D
Distribution channels2 records
174 Power Global product offering
Product offeringCore offering
174 Power Global, through its affiliated U.S. platform Hanwha Energy USA, operates an integrated energy infrastructure business spanning utility-scale solar and battery storage development, powered-land solutions for hyperscale data centers, retail electricity supply to residential and commercial consumers in deregulated markets (ERCOT and PJM), and dispatchable gas-fired generation for grid stability. Revenue is derived from long-term power offtake agreements, electricity sales, project development, and energy supply contracts across the United States.
Product overview
Hanwha Energy USA operates an integrated energy platform that spans renewable energy generation, energy-backed infrastructure, and end-customer energy delivery. The platform consists of four main operating subsidiaries: Hanwha Renewables (utility-scale solar and battery storage development), Hanwha Data Centers (powered land and infrastructure for data centers), Chariot Energy (retail electricity supply for residential and commercial customers in ERCOT and PJM markets), and Hanwha Gas Power Solutions (dispatchable gas generation for grid stability). This multi-brand portfolio covers the full energy value chain from generation and grid support to energy-backed infrastructure and end-customer delivery.
Differentiator
Problem solved
Functional benefit
Brands
- Hanwha Renewables: Utility-scale solar and battery energy storage development across the United States. The cornerstone of Hanwha Energy USA's clean energy platform.
- Hanwha Data Centers
- Chariot Energy
- Hanwha Gas Power Solutions
Products and services
- Hanwha Renewables
Companies that use 174 Power Global
Customer profileSegments3 records
Ideal customer profiles4 records
174 Power Global technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
174 Power Global partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- LandownersminorPartnerships with landowners for utility-scale solar, battery storage, and other energy infrastructure development sites.
- Infrastructure PartnersminorCollaborative partnerships for developing energy infrastructure solutions that advance the U.S. energy market.
Recent moves6 records
Expansion highlights7 records
174 Power Global competitors and assessment
Company assessmentBroad incumbents
- NRG Energy: Large U.S. retail electricity provider and power generator with significant ERCOT and PJM presence. Comparable retail-supply footprint to Chariot Energy, while also operating dispatchable generation assets similar to Hanwha Gas Power Solutions.
- EDF Renewables: U.S. subsidiary of EDF Group, one of the largest renewable energy developers globally. Comparable in utility-scale solar and storage development, with similar parent-backed capital structure and long-dated project pipeline.
- NextEra Energy Resources: The largest U.S. renewable energy developer and operator (subsidiary of NextEra Energy). Directly comparable as a utility-scale solar and storage developer with grid-scale generation assets, but operates as a much larger, publicly listed incumbent with a broader portfolio.
Direct peers
- Calpine Corporation: Largest U.S. operator of dispatchable natural gas and geothermal power generation, with significant presence in ERCOT and PJM. Directly comparable to Hanwha Gas Power Solutions' flexible, dispatchable generation profile.
- Apex Clean Energy: U.S. utility-scale renewable energy developer with a large pipeline of wind and solar projects. Comparable as a privately held, project developer focused on large-scale clean energy infrastructure across multiple U.S. regions.
- Avantus (formerly 8minute Solar Energy): Major U.S. utility-scale solar and storage developer with one of the largest U.S. development pipelines. Directly comparable to Hanwha Renewables in project scale, technology focus, and developer business model.
- Clearway Energy: U.S. renewable energy owner/operator with utility-scale wind and solar assets. Comparable as a contracted renewables platform owning and operating grid-scale clean energy projects across the U.S.
- Intersect Power: Utility-scale solar and storage developer with a dedicated focus on powered-land and integrated energy solutions for data center customers. The most direct peer to Hanwha Data Centers and Hanwha Renewables given the hyperscaler-driven strategy.
- Invenergy: Privately held U.S. developer of utility-scale wind, solar, and battery storage projects. Closely comparable in scale, private ownership profile, and vertically integrated development + operations model across renewable generation.
- Vistra Corp: Major U.S. power generator and retail electricity provider with large ERCOT exposure (TXU Energy brand). Directly comparable through the combination of dispatchable generation (gas + nuclear) and retail energy supply in the same Texas market where Chariot Energy operates.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
174 Power Global social profiles
Digital presence174 Power Global financial estimates
Financial estimateRevenue estimate
Valuation estimate
174 Power Global leadership team
Management profileNumber of profiles
Profiles1 record
174 Power Global subsidiaries and ownership
Company hierarchySubsidiaries4 records
174 Power Global funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
174 Power Global M&A and investment
M&A and investmentM&A1 record
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 174 Power Global
What does 174 Power Global do?
174 Power Global, through its affiliated U.S. platform Hanwha Energy USA, operates an integrated energy infrastructure business spanning utility-scale solar and battery storage development, powered-land solutions for hyperscale data centers, retail electricity supply to residential and commercial consumers in deregulated markets (ERCOT and PJM), and dispatchable gas-fired generation for grid stability. Revenue is derived from long-term power offtake agreements, electricity sales, project development, and energy supply contracts across the United States.
Is 174 Power Global a public or private company?
174 Power Global is a private company. It is classified as corporate owned and is currently operating.
When was 174 Power Global founded?
174 Power Global was founded in 2013. It employs 101 to 250 people.
Where is 174 Power Global based?
174 Power Global is headquartered in Irvine, United States, in the North America region.
Who are 174 Power Global's main competitors?
Broad incumbents on record are NRG Energy, EDF Renewables and NextEra Energy Resources. Direct peers are Calpine Corporation, Apex Clean Energy, Avantus (formerly 8minute Solar Energy), Clearway Energy, Intersect Power, Invenergy and Vistra Corp.
Does 174 Power Global have an API?
No public API is recorded for 174 Power Global.
What industry is 174 Power Global in?
174 Power Global's product category is Integrated Energy Infrastructure. Its primary akta.pro industry code is EUAEAMAA, Utility-Scale Power Generation Asset Management, with a secondary code of FSAAAKAG, Renewable Energy Infrastructure. Its NAICS code is 221114 and its SIC code is 4911.