LS Electric, GE Vernova to form JV on high-voltage direct current projects
SEOUL, Aug. 26 (Yonhap) -- South Korean power equipment maker LS Electric Co. sa...
South Korean power company LS Electric has formed a strategic partnership with global infrastructure firm GE Vernova to develop voltage-source converter high-voltage direct current (VSC-HVDC) technology. The two companies signed a joint cooperation agreement at CIGRE 2026, a major international power grid technology conference held in Paris. LS Electric's chairman, Koo Ja-kyun, and CEO Chae Dae-seok, joined GE Vernova CEO Philippe Piron and its Grid Systems Integration leader Johan Bindele to sign the partnership.
The new venture, named Grid X Technology, will merge GE Vernova's VSC-HVDC expertise with LS Electric's local manufacturing and project execution capabilities. This collaboration aims to enhance the companies' competitiveness in Korea's next-generation power grid market. Together, they will supply key equipment and jointly execute HVDC projects in the region, while also exploring opportunities to expand into overseas markets.
This partnership is anticipated to bolster Korea's efforts to modernize 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.
Also reported by 1 other outlet
- LS Electric, GE Vernova form HVDC joint venture koreatimes.co.kr
