The Korea Times
LS Electric secured a major contract worth $70 million (105.6 billion won) to supply its extra-high-voltage transformers to an energy infrastructure firm in the United States, the company said Monday. Under the deal, LS Power Solution, acquired by LS Electric in 2024, will supply its 345-kilovolt-class transformers for a large-scale data center operated by a big tech firm in the United States. Deliveries are scheduled from the fourth quarter of 2027 to the first half of 2028, according to LS Electric. The latest contract will further solidify the firm’s position in North America as demand for electricity soars in line with the rise of artificial intelligence (AI) and cloud computing. The tech paradigm shift requires more investment for stable and efficient power infrastructures across the region. The shift has been further reinforced by a recent pledge from seven global tech firms, which pledged to source electricity for their data centers from self-built power generation facilities, rather than drawing from public grids. LS Electric has been strengthening its presence across the data
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