SEOUL, July 5 (Korea Bizwire) — Samsung Electronics Co. said Monday it has signed a partnership with Hanwha Q Cells Co., a local solar power cells and modules producer, to develop home energy solutions.
The two sides agreed to work together in establishing “zero energy homes,” referring to homes that produce their own power with renewable energy sources to reduce carbon emissions.
Their collaboration will be first available in the United States and Europe, where there is high demand for green energy, according to the companies.
With Hanwha Q Cells’ solar power modules and energy storage system providing energy, Samsung’s SmartThings Energy service will support efficient energy consumption of home appliances, they said.
Hanwha Q Cells was the leader in the U.S. residential solar power module market for the last three years, according to global energy consulting firm Wood Mackenzie.
Samsung in recent years has been exploring an eco-friendly, smart home market.
Last year, the company signed a deal with British property developer Etopia to provide its eco heating system heat pump and smart home appliances for environmentally friendly homes for the next five years.