LS Electric said April 29 it signed a power distribution solutions supply contract worth about $220 million, or 319 billion won, with global power company Bloom Energy.
Under the deal, LS Electric will supply key distribution systems — including switchgear and transformers — for a power infrastructure project for a hyperscale data center being built in New Mexico for a major big-tech company, the company said.
LS Electric has recently won a series of large power infrastructure projects in North America. It said the latest contract follows an additional order after securing a 170 billion won project this month to build power solutions for a major big-tech data center.
The order momentum has carried into results. LS Electric posted first-quarter consolidated revenue of 1.3766 trillion won and operating profit of 126.6 billion won, its best first-quarter performance on record.
The company is expanding its direct current power distribution business aimed at next-generation data centers. It said DC distribution can improve energy efficiency by reducing power conversion steps, helping cut operating costs and carbon emissions at AI data centers that consume large amounts of electricity.
LS Electric said it plans to move early to capture the market, citing its low-voltage direct current distribution, or LVDC, solutions and operating know-how from its “DC Factory” at its Cheonan site.
“The U.S. data center market is seeing distribution infrastructure investment expand rapidly as AI spreads and power demand rises,” an LS Electric official said. “We will expand large-scale orders in North America and further accelerate growth by strengthening local supply chains and partnerships and leveraging core technology capabilities such as next-generation DC solutions.”
* This article has been translated by AI.
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