LS Electric, GE Vernova form HVDC joint venture
LS Electric has signed an agreement with global power infrastructure company GE Vernova to establish a joint venture focused on voltage-source converter high-voltage direct current (VSC-HVDC) technology, seeking to strengthen their competitiveness in Korea’s next-generation power grid market. The two companies signed the strategic cooperation agreement at CIGRE 2026, a major global power grid…
LS Electric and GE Vernova have joined forces to form a joint venture specializing in voltage-source converter high-voltage direct current (VSC-HVDC) technology. The collaboration aims to enhance their competitiveness in Korea's next-generation power grid market. The strategic cooperation agreement was signed at CIGRE 2026, a prominent global power grid technology event held in Paris.
Both LS Electric Chairman Koo Ja-kyun and CEO Chae Dae-seok, along with GE Vernova CEO Philippe Piron and Johan Bindele, the CEO of its Grid Systems Integration business, participated in the ceremony. The new venture, named Grid X Technology, will merge GE Vernova's VSC-HVDC expertise with LS Electric's local manufacturing and project execution strengths.
The companies will collaborate on key equipment supply and jointly execute HVDC projects in Korea, while also exploring opportunities for expansion into overseas markets. This partnership is anticipated to bolster Korea's efforts in modernizing its power grid infrastructure.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- LS Electric, GE Vernova form HVDC joint venture koreatimes.co.kr
- LS Electric, GE Vernova to form JV on high-voltage direct current projects en.yna.co.kr
