Taihan Cable & Solution wins large US power grid turnkey project

Taihan Cable & Solution, a prominent power cable and energy infrastructure manufacturer, announced on Thursday that its U.S. subsidiary, T.E.USA, has secured a major turnkey extra-high-voltage grid project in the United States. This victory positions the company to benefit from the rising power demand spurred by artificial intelligence (AI) and data centers.

In the contract, T.E.USA will handle local engineering, construction, and other tasks, while Taihan's headquarters in Korea will manufacture and supply essential materials including extra-high-voltage cables and joints. A turnkey contract entails one company taking responsibility for a project, from conception to construction, and delivering it ready for operation. The headquarters and T.E.USA signed a supply contract valued at around 120 billion won ($89 million), disclosed in a regulatory filing on Thursday.

Taihan refrained from disclosing the total value of the turnkey project or the client, adhering to a non-disclosure agreement. This latest order follows another extra-high-voltage turnkey project worth approximately 100 billion won secured by the company in the U.S. in January. Taihan has reportedly won all 500-kilovolt high-voltage projects in the country.