Power equipment makers race to expand US capacity amid AI boom
Power equipment makers are expanding U.S. production and securing major supply contracts as the artificial intelligence (AI) data center boom drives demand for equipment ranging from high-voltage transformers to distribution gear, intensifying competition among suppliers for major contracts. HD Hyundai Electric, LS Electric and Hyosung Heavy Industries are stepping up investments in local…
The push for artificial intelligence (AI) data centers is prompting U.S. power equipment manufacturers to rapidly expand domestic production and secure significant supply agreements. Industry leaders such as HD Hyundai Electric, LS Electric, and Hyosung Heavy Industries are pouring resources into local manufacturing to cater to the escalating demand from tech firms constructing AI data centers across the country.
HD Hyundai Electric is currently constructing a second facility in Alabama, slated for completion in April. This expansion is poised to increase the company's capacity for producing high-voltage transformers by roughly 50%, and equip it to manufacture transformers rated up to 765 kilovolts. The company clinched a major $836.8 million supply contract in July with a global technology firm, which includes 567.3 million U.S. dollars worth of power equipment and 553.9 million U.S. dollars worth of distribution equipment for data center construction projects.
In the third quarter, HD Hyundai Electric reported a revenue of 1.18 trillion won and an operating profit of 284.5 billion won.
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