LS Electric Partners with GE Vernova to Strengthen HVDC Business

Cooperation to Respond to Global Demand and Expand the Domestic Market

LS Electric is targeting domestic and international related markets by strengthening its partnership with GE Vernova in the high-voltage direct current (HVDC) business.

On the 24th, LS Electric signed a memorandum of understanding (MOU) for global cooperation in voltage-sourced HVDC business with GE Vernova at LS Yongsan Tower. The signing ceremony was attended by Jaesuk Oh, President and Chief Operating Officer (COO) of LS Electric Power CIC, and Johan Vindelle, CEO of GE Vernova Grid Solutions GSI, among other officials.

A view of an ultra-high voltage transformer produced at the LS Electric Busan Plant /
[Photo by LS Electric]

HVDC, known as the "flower of transmission technology," is a technology that converts alternating current (AC) power generated at power plants into high-voltage direct current (DC) power through power converters for transmission, and then converts it back to AC power at receiving points for supply. Recently, voltage-sourced HVDC has been introduced mainly in large-scale renewable energy complexes in Europe, the United States, and other regions.

Going forward, the two companies will actively utilize the ultra-high voltage transformer production infrastructure, including LS Electric’s Busan plant, to timely supply products desired by global customers. Furthermore, they plan to strengthen their partnership to leverage GE Vernova’s global technological capabilities and recognition to expand the domestic voltage-sourced HVDC market.

President Oh said, "Since 2013, we have maintained a close cooperative relationship with Vernova by jointly participating in the domestic current-sourced HVDC business. Starting from this MOU, we will strengthen the QCD (Quality, Cost, Delivery) competitiveness of ultra-high voltage power equipment and grow together as future power industry infrastructure companies."

GE Vernova’s Grid Solutions is a manufacturer of ultra-high voltage power equipment and HVDC headquartered in France. It is growing rapidly in Europe and the Americas, where the voltage-sourced HVDC market is expanding swiftly.

Since investing a total of 110 billion KRW in 2011 to launch Korea’s first dedicated HVDC factory in Busan, LS Electric has been leading the localization of core equipment. Recently, it has also been increasing orders in the overseas HVDC market.

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