Daehan Electric Wire & Cable Wins $24 Million Power Grid Construction Project in the US

Ultra-High Voltage Project Linked to California Solar Power Plant Underway

A site where Daehan Electric Wire is laying ultra-high voltage cables in the United States / Provided by Daehan Electric Wire

[Asia Economy Reporter Kim Pyeonghwa] Daehan Electric Wire announced on the 16th that its U.S. subsidiary, T.E.USA, has secured a power grid construction project worth approximately 24 million dollars. This achievement brings the cumulative annual orders in North America to 300 million dollars, marking the highest order record since entering the U.S. market.

The newly secured project involves constructing a power grid linked to a large-scale solar power plant being built in the eastern desert of California. It is a 230-kilovolt (kV) ultra-high voltage underground power line project.

Accordingly, Daehan Electric Wire reported that its total orders related to renewable energy infrastructure projects this year have reached 80 million dollars. Prior to this project, Daehan Electric Wire had secured a project in March to connect a large offshore wind power complex on the U.S. East Coast with the power grid.

Daehan Electric Wire expects these achievements to play a positive role in continuously expanding orders in the U.S. As renewable energy generation accelerates due to the implementation of the Inflation Reduction Act (IRA) and carbon neutrality policies, power grid construction projects that reliably connect new power sources to users are expanding locally.

Based on its competitive edge in ultra-high voltage, medium and low voltage, and overhead line power grid projects in the U.S., Daehan Electric Wire plans to expand its renewable energy infrastructure business. It will also increase orders for renewable energy products such as submarine cables and solar power cables.

A Daehan Electric Wire official stated, “Since securing stability is crucial in power grid infrastructure projects, we plan to continuously expand orders based on trust with customers and solid performance. We will also accelerate our approach to the growing U.S. renewable energy market through the construction of a new submarine cable factory and product development.”

This content was produced with the assistance of AI translation services.