LS ELECTRIC secures $312 M US transformer deal
The company lands its largest-ever extra-high-voltage transformer contract, supplying 525 kV units for a renewable power plant in the southeastern US.
Image for illustrative purposes
USA: LS ELECTRIC has secured a $312.04 M (460 B won) contract to deliver 525 kV extra-high-voltage transformers to a major US private power utility, marking the biggest transformer order in the company’s history.
Under the agreement, LS ELECTRIC will supply the transformers to a renewable energy power plant that will serve as a key electricity source for a new large-scale data centre being built in the southeastern United States. Deliveries are scheduled between 2027 and 2029.
The contract significantly strengthens LS ELECTRIC’s presence in the North American transformer market, reflecting growing demand for high-capacity grid equipment as data centre construction accelerates and renewable generation expands.
The company’s share price reacted strongly to the announcement. On the 27th, LS ELECTRIC traded at $319 (469,000 won) by 10:50 a.m., up 4.57 % from the previous session, as investors responded to news of the major contract win.
Source: Chosun Biz
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