LS ELECTRIC, GE Vernova Launch HVDC Joint Venture
LS ELECTRIC said it signed a strategic cooperation agreement with GE Vernova to establish the joint venture at the site of CIGRE 2026, the world’s largest power grid technology exhibition, held in Paris, France, on Aug. 25 local time. A large number of senior executives from both companies attended
LS ELECTRIC and GE Vernova have formed a joint venture named Grid X Technology, set to be unveiled at the CIGRE 2026 exhibition in Paris. The agreement was signed during the event on August 25th. Representatives from both companies, including LS ELECTRIC's chairman, Koo Ja-kyun, and GE Vernova's CEO, Philippe Piron, were present at the signing ceremony.
The new entity aims to develop comprehensive solutions for South Korea's voltage-source HVDC market and collaborate on various projects. Their main objective is to ensure the successful launch of the West Coast Energy Highway project, which aims to transmit vast amounts of renewable energy from the Honam region and the west coast to the highly-demanding Seoul metropolitan area.
LS ELECTRIC plans to leverage GE Vernova's technological expertise to optimize transmission efficiency and grid stability. The partnership is expected to contribute to South Korea's growth in power infrastructure by merging domestic project execution experience with GE Vernova's cutting-edge voltage-source technology. Koo Ja-kyun emphasized that the collaboration will help build a stable energy highway for the republic, ultimately positioning Korea as a global leader in HVDC technology and business.
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