About 174 Power Global
174 Power Global is a leading solar and energy storage project developer focused on North America’s utility energy market. The company is wholly owned by the Hanwha Group, and is headquartered in Irvine, California. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with utilities, landowners, local communities, financial investors and other partners to build highly productive projects throughout North America. 174 Power Global is also paving the way in Green Hydrogen and Digital Infrastructure by leveraging its core strength in utility-scale PV and ESS generation development and operation to fuel the growth of these emerging markets.
Proven Track Record
Since its formation in 2017, 174PG has signed nearly 3 gigawatts (GW) of power purchase agreements and has more than 8 GW of additional projects in the development pipeline.
174 Power Global is the DBA for Hanwha Energy USA Holding Corporation. Based in Irvine, California, and has multiple gigawatts (GW) of solar PV projects and 10 GWh of energy storage projects under various stages of development, construction and operation.
In addition to its track record as a leading utility scale PV and energy storage project development, 174 Power Global has ventured in to green hydrogen and digital infrastructure project development to further support widespread adoption of clean energy.
Named number one solar developer by Wood Mackenzie in 2018 in terms of project size and continues to offer best-in-class project development options.
Henry brings over 20 years of executive leadership, and as CEO has led the growth of 174 Power Global from the start-up stage to industry leader. Henry has authored numerous publications and was awarded 4 U.S. patents. He holds an MBA from the Kellogg School of Management at Northwestern University and Ph.D. in Engineering from the University of Washington.
As COO and General Counsel, Carolyn has over 18 years of experience in corporate, M&A, venture capital, and litigation areas of law. Previously in charge of legal and regulatory affairs for various Hanwha divisions, she holds a B.A. in Political Science and M.A. in Sociology from Stanford and a J.D. from Cornell Law School.
David is the Chief Financial Officer and Chief Strategy Officer for Hanwha Energy USA Holdings Corp. Prior to joining Hanwha, he headed the US West Region for EY’s Operational Transaction Services and has held a number of executive roles at HP and LG Electronics in corporate development, strategy and planning, and operations. David was also a partner at McKinsey & Company with a focus on energy and technology. He spent more than ten years working in Asia, including emerging markets. David was a double major in chemical engineering and economics at Rice University and received an MBA from The Wharton School with a major in Finance.
Mr. Kim has more than 25 years of experience in leadership roles, most recently as the CCO for 174 Power Global. He has held a number of executive roles within Hanhwa Group across IPP development, power retail business, downstream solar and real estate development and investments. His career spans the globe from the U.S. to Korea, India and Europe.
Sajjad joined the 174 Power Global family in 2019 as the Chief Information Officer. He is a proven technology leader with 20+ years of experience in the industry. He brings his entrepreneurial vision and advanced technical and business knowledge to deliver consistent positive business outcomes. Sajjad is a meticulous problem solver and excellent at directing multiple initiatives within highly mission-critical technology platforms.
Larry brings over 26 years of experience in energy business development with the last 14 in renewable energy. He has developed a 1.2 GW project pipeline for 174 Power Global in the US. Larry holds a M.S. in Geology from University of California, Davis, and an MBA from UCLA’s Anderson School of Management.
Deborah brings 25 years of experience in the global energy sector, spearheading developments of renewable and fossil fuel power projects. During her tenure at 174 Power Global, Deborah has successfully advanced the development of nearly 1 GW of solar projects. She holds a Master’s degree in International Economics (UCSD), a B.A. in both Political Science and French Linguistics at UC Irvine.
Hao brings an extensive background in finance across M&A advisory, corporate development, and corporate treasury management. Hao joined Hanwha in 2011 and has held several positions before joining 174 Power Global. Hao is a Chartered Financial Analyst with an MBA in Finance and Accounting from the A.B. Freeman School of Business at Tulane University.
Pauline Ung has over 20 years of experience with national law firms and in-house for various industries, including renewable energy. She has held legal leadership roles at global & national public and private companies. She received her J.D. from Benjamin N. Cardozo School of Law, Yeshiva University.
AJ brings two decades of experience in accounting and finance including 7 years with Big 4 accounting firms, 3 years with a public company, and 10 years in the solar industry. Most recently, AJ was leading the corporate finance and planning department at Q CELLS USA as Chief Financial Officer. AJ is a CPA with a B.A. in Business Administration from Korea University.
About Hanwha Group
Hanwha Group is a globally diversified conglomerate headquartered in South Korea with annual revenues of $63 billion USD and total assets valued at $186 billion USD. Hanwha Corporation has been listed on the Fortune Global 500 List for 14 years. The company is deeply committed to meeting the renewable energy needs of today’s global energy markets.
174 Power Global Sustainability Initiatives
For us, sustainable growth is the only way to make our world a better place where everyone not only lives, but thrives.
Our goal is to provide clean energy to consumers who can, in turn, contribute to society by making their own environment cleaner for generations to come. We are headed there now, making positive impacts on the environment and society.
- Prioritize and Spread Awareness: We are committed to improving the environment and the adoption of clean energy.
- Community Action: 174 Power Global donated $25,000 to the Education Foundation of Odessa, a non-profit organization dedicated to fostering education.
- We believe our diverse work force is our fundamental core strength. We are committed to inclusion in executive decision making roles across our organization.
Hanwha Sustainability Programs
As a Hanwha Group affiliate, 174 Power Global is on a mission to grow greener. To fulfill our social responsibilities and achieve sustainable growth, we believe that environment, safety, and health are essential parts of our company’s core values.
Hanwha Energy Corporation and its subsidiaries are preserving the environment and protecting people’s health to keep nature green for future generations to enjoy. Hanwha Energy Corporation and its subsidiaries also carry out voluntary, future-oriented activities and are challenging the paradigms of tomorrow while keeping the promises of today.
Green Bond (2022)
174 Power Global intends to issue a Green Bond, using the following framework, to finance and/or re-finance, in whole or in part, green projects which meet the eligibility criteria of the following eligible green project categories (“Eligible Green Projects”). A maximum 3-year look-back period would be applied for refinanced projects.