LS Electric wins 180 bln-won transformer deal in U.S.
SEOUL, Oct. 1 (Yonhap) -- LS Electric Co., a South Korean electrical equipment m...
South Korean electrical equipment maker LS Electric Co. announced on Thursday that it has secured a 180 billion-won ($133 million) contract to supply ultra-high-voltage transformers to a major U.S. technology firm. The transformers, rated at 345 kilovolts, will be utilized in an artificial intelligence (AI) data center project being developed by the undisclosed U.S. company, with completion anticipated by 2030.
LS Electric attributed the surge in demand for power infrastructure in North America to the burgeoning electricity needs stemming from the rapid growth of AI and cloud computing. The company pointed out that the U.S. market for data center power infrastructure is poised for substantial growth, with projections indicating an average annual increase of 16% from $13 trillion in 2025 to $56 trillion by 2035.
According to a company official, the recent contract is anticipated to pave the way for additional deals in the North American market for LS Electric.
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- LS Electric wins $133 mil. transformer deal in US koreatimes.co.kr
