Taihan Wins U.S. Ultra-High-Voltage Supply Deal
Taihan Electric Wire has signed a materials supply contract worth approximately 120 billion won (approximately $88.89 million) for an ultra-high-voltage power grid project in the United States.On Oct. 15, Taihan Electric Wire announced that T.E.USA, its U.S. subsidiary, had been awarded a local ultr
Taihan Electric Wire secured a $88.89 million contract for an ultra-high-voltage power grid project in the United States, as announced on October 15. The turnkey project is managed by T.E.USA, the company's U.S. subsidiary, with Taihan Electric Wire supplying key materials such as ultra-high-voltage cables and accessories. This agreement marks Taihan's second ultra-high-voltage turnkey project in the U.S., following a $74.07 million deal in January.
The company has established dominance in high-difficulty technical areas, monopolizing 500kV HVAC underground power grid projects and securing supply rights for 320kV HVDC cables. The U.S. electricity market is experiencing sustained large-scale investment due to aging grid replacement and new infrastructure expansion, with AI industry growth driving electricity demand in data centers.
Taihan plans to expand its dominance in the ultra-high-voltage cable market and broaden its contract portfolio to high-value-added products like HVDC and submarine cables, capitalizing on the contract to strengthen its position in the U.S. market. However, the full contract value and the identity of the project owner remain undisclosed.
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