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A History of Global Energy and Digital Transformation

Since its launch in 2001 with FMCS (Facility Monitoring & Control System) technology, Hanwha Energy has led digital innovation in key industries such as semiconductors and shipbuilding. The company is now expanding its global footprint by securing energy platforms and O&M bases worldwide.

2000s

Established core control system capabilities and expanded into the U.S. market.

2001

  • Sep 2001: Incorporated as SIT Co., Ltd.
  • Nov 2001: Developed utility integrated control system

2006 - 2009

  • Feb 2006: Founded corporate R&D center
  • Sep 2009: Established USA subsidiary in Austin, USA (SIT Tech Co. Ltd.)

2010s

Expanded into automotive, plant engineering, industrial automation, and smart factory solutions.

2012 - 2015

  • Aug 2012: Entered automotive and plant engineering businesses
  • Dec 2012: Established Xi’an subsidiary in China (SIT Industrial Automation System)
  • Nov 2015: Developed InterSysLink, a data relay solution

2016 - 2017

  • Jan 2016: Became an affiliate of Hanwha Group
  • Apr 2016: Awarded Korea-based Pyeongtaek Project from Company S
  • Jun 2017: Built ECHO Project smart factory system
  • Oct 2017: Secured project for Navy waterproof training simulator control system

2019

  • Sep 2019: Developed WATT, an automated software testing solution
  • Nov 2019: Developed FIMS (Factory Infrastructure Monitoring Solution)

2020s

Built renewable energy platforms, launched U.S. O&M operations, and expanded remote operations.

2022

  • May 2022: Launched Green Energy Platform Business Unit (completed transfer of Hanwha Energy O&M business)
  • Jul 2022: Launched renewable energy forecasting and brokerage service
  • Oct 2022: Launched integrated energy control platform HEIS 2.0
  • Nov 2022: Renamed to Hanwha Convergence (company name change)
  • Nov 2022: Entered U.S. O&M business

2023 - 2024

  • Sep 2023: Established Hanwha-Shinhan TWh joint venture
  • May 2024: Opened Global O&M Remote Operation Center (ROC) in Georgetown, TX, USA
  • May 2024: Awarded project to replace aging cranes at Hanwha Ocean’s Assembly Plant 1
  • Oct 2024: Merged with Hanwha Energy (Convergence Business Unit)

2025

Accelerated smart yard digitalization, automation, and heavy crane modernization projects.

2025

  • Aug 2025: Established dedicated organization for smart yard digitalization, automation, and intelligence
  • Aug 2025: Awarded project at Hanwha Philly Shipyard (replacement of 660T Goliath crane system, replacement of 50T level luffing crane system)
  • Dec 2025: Awarded contract for 1,800T Goliath crane at Hanwha Ocean Dock 1