LS Electric wins $133 mil. transformer deal in US
LS Electric Co., a Korean electrical equipment maker, said Thursday it has secured a 180 billion-won ($133 million) contract to supply ultra-high-voltage transformers to a major U.S. technology company. The company said it will supply 345-kilovolt transformers for a hyperscale artificial intelligence (AI) data center project being developed by the unidentified U.S. company and scheduled for…
Korean electrical equipment manufacturer LS Electric has secured a significant contract in the United States, according to a recent report. The company has been awarded a contract worth $133 million to supply ultra-high-voltage transformers to a leading U.S. technology firm. These transformers, with a voltage of 345 kilovolts, will be utilized in an artificial intelligence (AI) data center project being developed by an undisclosed U.S. company.
The project, which is anticipated to be completed by 2030, is indicative of the growing demand for power infrastructure in North America, driven by the expansion of AI and cloud computing.
The surge in investment in power infrastructure across North America is projected to continue, with the U.S. market for data center power infrastructure expected to grow at an average annual rate of 16 percent. This growth is forecasted to take the market from 13 trillion won in 2025 to 56 trillion won in 2035. The recent contract awarded to LS Electric is expected to open doors to further opportunities in the North American market, according to a company official.
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.
