PSM and Hanwha Power Systems unite to form Hanwha Power.
Learn more here.

About Hanwha Power

Hanwha Power team at the Jupiter, Florida headquarters

Your Partner for Aftermarket Gas Turbine Service

Since 1999, Hanwha Power has grown into a global leader in aftermarket gas turbine services, delivering flexible, innovative, and sustainable energy solutions. Headquartered in Jupiter, Florida, Hanwha Power operates alongside our other locations in South Korea, Japan, Italy, Mexico, UAE, and the Netherlands. Together, we serve customers worldwide as Hanwha Power.  

Our mission is to help power producers extend asset life, improve performance, and lower operating costs through comprehensive service, retrofit, and upgrade offerings across multiple OEM gas turbine frames, including GE 6B, 7E/EA, 7F,9E, 9F, and Siemens/Westinghouse 501F.

Why Choose Hanwha Power?

Proven Experience

25+ years of gas turbine engineering across B/E-class and F-class heavy-duty frames. 350+ upgrades installed globally. Over 100 LEC III™ combustion systems delivered. FlameSheet™ operating in 33+ installations worldwide.

Technology Innovation

Proprietary combustion technologies (FlameSheet, LEC III, GTOP) that improve performance, lower emissions, and extend inspection intervals. Industry-record 60% hydrogen co-firing at baseload. Cracked ammonia combustion validated at DLR. AutoTune automated combustion control.

Global Reach, Local Support

Engineering and manufacturing headquarters in Jupiter, FL (105,000 sq ft), Rheden, the Netherlands, UAE, and a M&D Center in Genoa, Italy. Field service teams are deployed worldwide.

Explore Hanwha Power

Our Business

What We Do

Hanwha Power engineering team at Jupiter, Florida facility
Our History

Where Hanwha Power started to where we are today

Founded in 1999 in Stuart, Florida, Hanwha Power, formally PSM began as a startup focused on upgrading and commissioning GE Frame 7E gas turbines. Our first major success, delivering ultra-low emissions combustion retrofits, quickly positioned us as a trusted innovator. By 2000, we relocated to Jupiter, FL, and began expanding globally.

Historical Timeline

Hanwha Power's timeline reflects our long-standing commitment to technical excellence and customer value. From pioneering combustion technologies to enabling hydrogen-fired turbines, we’ve continually evolved to meet the energy industry’s changing demands, while helping shape a more sustainable future.

Hanwha Power headquarters office building in Jupiter, Florida
1999

PSM founded. LEC combustor launched.

2000

Calpine acquires PSM & Thomassen.

2000-2006

PSM redesigns GT capital parts.

2007

Alstom acquires PSM. LTA business starts.

2009

Opening of PSM advanced repair shop.

2015

1st Flamesheet™ commercial installation.

2018

1st install of SM Vane into commercial IGT.

2021

Hanwha acquires PSM & Thomassen Energy.

2023

H2 retrofits for B,E,F-Class.

Hanwha Power global locations map showing Jupiter FL, Netherlands, UAE, and international service locations
350+

Gas turbine upgrades installed globally

230,000

CO2 reduction per decarbonized turbine equals removing 230,000 cars from the road

100%

Hydrogen combustion: current target for FlameSheet platform

1999

Year founded, 25+ years of gas turbine engineering

Not sure which upgrade package fits your fleet?

Tell us your turbine frame, operating hours, and the challenge you're facing. A Hanwha Power engineer will recommend the right solution.

Request a Turbine Assessment

About Hanwha Power (formerly PSM) FAQs

Why is PSM changing its name?

Hanwha Group acquired PSM in 2021 and has since invested in expanding our capabilities, product portfolio, and global reach. As affiliated companies, PSM and Hanwha Power Systems have implemented this name change as part of strategy to strengthen business synergies. The transition to Hanwha Power formalizes that relationship under a unified brand identity that better reflects the company's scale, resources, and long-term direction. It also aligns our identity with other Hanwha Group energy businesses worldwide.

Is this a merger or acquisition?

No. This is a name change, not a new transaction. Hanwha Group acquired PSM in 2021. The transition to Hanwha Power is the next step in aligning our brand identity with our parent company. There is no change in ownership, corporate structure, or legal entity as a result of this rebrand.

What does Hanwha Power (formerly PSM) do?

Hanwha Power (formerly PSM) is owned by Hanwha Group, a South Korean conglomerate and Fortune Global 500 company. Hanwha acquired PSM and Thomassen Energy in 2021. Hanwha operates within Hanwha's energy division alongside Hanwha Power (Netherlands) and Hanwha Power (UAE), serving the global gas turbine aftermarket.

Who owns Hanwha Power?

Hanwha Power is owned by Hanwha Group, a South Korean conglomerate and Fortune Global 500 company. Hanwha acquired Hanwha Power and Thomassen Energy in 2021. Hanwha Power operates within Hanwha’s energy division alongside Thomassen Energy (Netherlands) and Hanwha Power Thomassen Gulf (UAE), serving the global gas turbine aftermarket

What gas turbine frames does Hanwha Power service?

Hanwha Power provides aftermarket services, components, and upgrades for GE Frame 6B, 7B/E/EA, 7F, 9E, 9F, and Siemens/Westinghouse 501F gas turbines. Through the Netherlands facility, the Hanwha gas turbine service group also covers Frame 5, 9E, 6B, and OPRA OP16 frames. Hanwha Power supports both B/E-class and F-class heavy-duty industrial gas turbines.

Where is Hanwha Power located?

Hanwha Power is headquartered at 1440 W. Indiantown Road, Jupiter, Florida 33458. The company operates a 105,000 sq ft engineering, manufacturing, and repair facility at this location. Other offices and operations include Stuart (FL), Houston (TX), Rheden (Netherlands), South Korea, Mexico, Japan, China (Shanghai), Saudi Arabia, Italy, and the United Arab Emirates.