Hanwha Energy Australia

What Hanwha Energy Australia does

Hanwha Energy Australia Pty. Ltd. is a privately held Australian proprietary limited company and a wholly-owned subsidiary of South Korean conglomerate Hanwha Group, operating within its Energy & Maritime Solutions division. Founded in 2018 and headquartered in Sydney, the company's primary Australian initiative is the Tangkam Battery Energy Storage System (BESS), a 100MW/200MWh utility-scale battery storage facility located approximately 150 km west of Brisbane, Queensland. The system is designed to store surplus daytime solar generation for dispatch during evening peak demand and to supply ancillary grid services including system inertia, supporting roughly 150,000 households and aligning with Queensland's 100% renewable energy target.

The company pursues utility-scale grid infrastructure opportunities through enterprise field sales and direct engagement with transmission network operators, most notably Powerlink Queensland, from which it secured grid connection approval in December 2025. Its go-to-market is project-based, relying on formal government and utility procurement processes and grid connection agreements rather than transactional or SaaS-style distribution. The revenue model centers on managed services once Tangkam is operational, monetizing energy time-shifting (arbitrage between low-price daytime solar periods and high-price evening peaks) and ancillary service payments such as system inertia and other grid stability products.

Hanwha Energy Australia also leverages related Hanwha entities in Australia, including Hanwha Energy Retail Australia Pty Ltd (trading as Nectr), indicating potential cross-stack value capture from generation and storage through retail electricity supply. No proprietary AI/ML capabilities, software products, or technology patents are disclosed in the input data; the competitive positioning rests on the regulatory milestone of grid connection approval, the scale of the 100MW/200MWh build, and the financial and execution backing of the Hanwha Group. As a development-stage infrastructure subsidiary, the entity is not yet generating operating revenue from its core BESS product.

Name

Hanwha Energy Australia

Legal name

Hanwha Energy Australia Pty. Ltd.

Website

https://hanwha.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Hanwha Energy Australia Pty. Ltd., a wholly-owned subsidiary of Hanwha Group, develops utility-scale battery energy storage infrastructure in Australia, with its flagship 100MW/200MWh Tangkam BESS in Queensland serving transmission network operator Powerlink Queensland via energy time-shifting and ancillary grid services.

Ownership category

akta.pro rank

Product category

Utility-Scale Energy Storage

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industries

BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL), BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE), BESS Grid Interconnection, System Studies & Grid Code Compliance (EUAFAAAJ)

Keywords

• Utility-scale battery storage
• Grid energy storage
• Renewable energy infrastructure
• Battery energy storage systems
• Grid ancillary services

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Grid Services and Energy Storage: Utility-scale BESS projects that generate revenue through energy time-shifting (storing solar energy during low-demand periods and selling during peak demand) and providing ancillary grid services such as system inertia to transmission network operators.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Hanwha Energy Australia develops, owns, and operates large-scale Battery Energy Storage System (BESS) assets in Queensland, Australia, most notably the Tangkam BESS, a 100MW/200MWh grid-connected storage project. The company sells managed grid services and energy storage capacity to transmission network operators, supporting renewable energy integration, frequency control, and grid stability. Revenue is generated through long-term managed-services contracts with grid operators such as Powerlink Queensland.

Product overview

Hanwha Energy Australia operates as part of Hanwha's Energy & Maritime Solutions division. The company's primary product in Australia is the Tangkam Battery Energy Storage System (BESS), a 100MW/200MWh grid-scale battery storage facility. The Tangkam BESS stores surplus daytime solar energy for dispatch during evening peak demand periods and provides critical grid stability services including system inertia. Hanwha Energy Australia also maintains relationships with related Hanwha entities including Hanwha Energy Retail Australia Pty Ltd (Nectr), expanding the energy solution portfolio in the Australian market.

Differentiator

Problem solved

Functional benefit

Products and services

• Tangkam Battery Energy Storage System (BESS) A 100MW/200MWh grid-scale lithium-ion battery energy storage system located in Queensland, Australia, designed to provide grid services including energy time-shifting, frequency control ancillary services, and large-scale solar energy storage. It is offered to transmission network service providers such as Powerlink Queensland under long-term managed-services arrangements.

Quantifiable outcome

• Supports approximately 150,000 households with stored solar energy
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Powerlink QueenslandcoreStrategic or Co-development PartnerPowerlink Queensland is the transmission network operator for the Queensland electricity grid. Hanwha Energy Australia has received grid connection approval from Powerlink Queensland for its Tangkam Battery Energy Storage System, enabling the project to advance toward construction.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Wartsila Energy Storage: Provides grid-scale BESS solutions and services globally, with growing Australian/NEM footprint. Comparable technology and project development model.
• Tesla Energy: Megapack-based utility-scale BESS with active Australian deployments (e.g., Victorian Big Battery). Directly comparable in scale, technology, and grid services offering.
• Fluence Energy: Global pure-play utility-scale BESS provider supplying containerized systems and IPP/asset management services. Most direct competitor to Hanwha Energy Australia on project development, OEM, and grid services across Australia and globally.
• Powin Energy: BESS OEM delivering utility-scale storage systems internationally. Competes on hardware, integration, and increasingly on project development.

Regional players

• Edify Energy: Australian developer of large-scale solar, wind, and battery storage projects. Directly comparable as an Australian-focused BESS developer competing for the same grid connections and offtake.
• TagEnergy: Australia-active renewable energy developer with significant BESS pipeline, including the 1.5GW/3GWh Pyramid Hill project. Comparable in project scale and Australian NEM focus.
• Genex Power: ASX-listed Australian renewable and storage developer (Bouldercombe, Kidston). Comparable in business model as a dedicated Australian BESS developer/operator.

Broad incumbents

• Neoen: French renewable IPP with major Australian battery and wind/solar portfolio (e.g., Hornsdale Power Reserve, Victorian Big Battery). Competes for utility-scale BESS project development in the NEM.
• EnergyAustralia: Major Australian gentailer investing in utility-scale batteries (e.g., Wooreen). Represents the incumbent utility-side competitor in the NEM storage market.

Others

• Qcells (Hanwha Qcells): Fellow Hanwha Group subsidiary and major solar module/BESS-adjacent manufacturer. Sister entity whose supply chain and technology stack support Hanwha Energy Australia's projects.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hanwha-group

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hanwha Energy Australia