Taihan Cable & Solution wins large US power grid turnkey project
Taihan Cable & Solution, a leading power cable and energy infrastructure manufacturer, said Thursday that its U.S. subsidiary has won a turnkey extra-high-voltage grid project in the United States, capitalizing on surging power demand from artificial intelligence (AI) and data centers. Under the deal, the subsidiary, T.E.USA, will oversee local engineering, construction and other work, while the…
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 significant turnkey extra-high-voltage grid project in the United States. This accomplishment comes amid a surge in power demand driven by advancements in artificial intelligence and data centers.
The turnkey contract involves T.E.USA managing local engineering, construction, and related tasks, while Taihan's headquarters in Korea takes responsibility for producing and supplying essential materials, including extra-high-voltage cables and joints. The material supply contract between the headquarters and the U.S. unit is valued at approximately 120 billion won, equivalent to about $89 million, as disclosed in a regulatory filing on Thursday.
The total value of the turnkey project remains undisclosed due to a non-disclosure agreement. This latest contract follows a similar extra-high-voltage turnkey project awarded to Taihan in the U.S. in January, which was worth around 100 billion won. Taihan has successfully won all 500-kilovolt high-voltage projects to date.
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- Taihan Cable & Solution wins large US power grid turnkey project koreatimes.co.kr
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