Hyosung Heavy secures $150 million US power grid contract

SEOUL, September 19 (AJP) - Hyosung Heavy Industries, a South Korean power equipment maker, said Friday it has secured a $150 million contract to supply ultra–high-voltage transformers and circuit breakers to a U.S. firm.

The deal will provide a package of 765-kilovolt transformers, reactors and 800-kilovolt circuit breakers. It is the first time a Korean company has delivered a complete solution for America’s 765-kilovolt transmission network — the backbone of its long-distance power grid.

The equipment will be deployed across large-scale projects in the South and East, regions expected to see electricity demand climb by as much as 25 percent over the next decade as data centers expand and electric vehicles gain traction. Utilities have increasingly turned to 765-kilovolt systems, the highest-capacity lines in the U.S., to move power efficiently over vast distances.

Hyosung’s Memphis plant, built with $150 million of investment, is the only facility in the country capable of designing and producing 765-kilovolt transformers.

Since the early 2010s, it has supplied nearly half of the units now operating in the U.S., giving the company a lead in a highly specialized market. An expansion project under way will double the plant’s production capacity by 2026.

* This article, published by Aju Business Daily, was translated by AI and edited by AJP.

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