SEOUL, November 26 (AJP) - South Korea’s LS Electric said on Wednesday it has secured a $315 million contract to supply high-voltage transformers in North America, the largest deal in the company’s history.
The agreement, signed with a major U.S. private utility, covers the delivery of 525-kilovolt transformers to renewable energy facilities across the southeastern U.S. through 2029. The equipment will serve as critical power sources for large data centers in the region, the company said.
The contract marks a significant expansion of LS Electric’s product portfolio, extending its transformer offerings from 115kV and 354kV units to the 525kV segment.
The company said the deal underscores international confidence in its transmission and distribution technology and is expected to strengthen its position in the fast-growing data center power infrastructure market.
LS Electric reported an order backlog of 4.1 trillion won as of the third quarter, including more than 2 trillion won in high-voltage transformer orders.
“This contract reaffirms global recognition of our technology and positions us as a long-term, sustainable partner,” LS Electric said in a press release. “We plan to expand our presence in North America’s hyperscale data center, renewable energy and utility sectors to secure leadership in the high-voltage market.”
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
Copyright ⓒ Aju Press All rights reserved.
