South Korea, Seoul: LS Electric has secured a $133 M (KRW 180 B) contract to supply ultra-high-voltage transformers to a major US technology company.
Under the agreement, LS Electric will supply 345 kV transformers for a hyperscale artificial intelligence data centre project in the United States. The customer has not been identified.
The project is scheduled for completion by 2030.
LS Electric said investment in North American power infrastructure is increasing as electricity demand grows alongside AI and cloud computing.
According to the company, the US data centre power infrastructure market is projected to grow at an average annual rate of 16 %, from $9.6 B (KRW 13 trillion) in 2025 to $41.4 B (KRW 56 trillion) in 2035.
A company official said: “The latest contract is expected to help the company win further deals in the North American market.”
Source: Yonhap News Agency
