Peter Perri III

The Gas Turbine Aftermarket Just Got a $40 Billion Backer

Hanwha + PSM is a bigger deal than most people realize. Here’s why it matters for every power plant owner in the country.

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Peter Perri III
Mar 26, 2026
∙ Paid

Hanwha Power Systems and PSM announced this week that they’re unifying under a single brand: Hanwha Power. Most people in the energy space will glance at this, file it under “corporate rebrand,” and move on.

That would be a mistake.

PSM is one of the most strategically important companies in the gas turbine aftermarket, and its new parent is one of the la…

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