Cho Hyun-joon positions Hyosung Heavy Industries for US power boom
Hyosung Heavy Industries is strengthening its foothold in the U.S. power infrastructure market as soaring electricity demand from artificial intelligence (AI) data centers and efforts to replace aging power grids drive a rapid expansion of the country's power infrastructure. The company said Tuesday that its localization strategy, spearheaded by Hyosung Group Chairman Cho Hyun-joon, is beginning…
Hyosung Heavy Industries is positioning itself to capitalize on the expanding U.S. power infrastructure market, driven by surging electricity demand from artificial intelligence (AI) data centers and efforts to replace outdated power grids. The company's strategy, led by Hyosung Group Chairman Cho Hyun-joon, is starting to yield results as demand for ultra-high-voltage power equipment rises in the United States.
Cho Hyun-joon sees the growing significance of power infrastructure as AI technology develops rapidly and has urged his company to become a "game changer" in the market, catalyzing the transformation of global industries. The United States is currently expanding its ultra-high-voltage transmission network, operating at 765 kilovolts (kV), to handle increased electricity demand, including from AI data centers. These networks facilitate the long-distance transmission of substantial amounts of electricity with reduced losses.
Currently, Hyosung Heavy Industries holds nearly half of the U.S. market for 765kV ultra-high-voltage power equipment.
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- Cho Hyun-joon positions Hyosung Heavy Industries for US power boom koreatimes.co.kr
