LS Electric and Unison Sign MOU for Wind Power Equipment Development and Supply Cooperation

Domestic Production of Power Equipment Initiated
Development of Solutions for Distribution Panels, Switchgear, and Power Conversion Devices

LS Electric is partnering with wind power specialist Unison to localize power equipment.

On the 29th, LS Electric and Unison announced that on the 28th, they signed a memorandum of understanding (MOU) to jointly promote the development and supply of power equipment related to wind power projects at Unison's Seoul office in Yangjae-dong, Seoul.

The signing ceremony was attended by key personnel from both companies, including Oh Jae-seok, COO (President) of LS Electric Power CIC, and Park Won-seo, CEO of Unison, and they agreed to comprehensively cooperate to develop the domestic wind power business and expand localization of power equipment.

From the left, Park Won-seo, President of Unison, and Oh Jae-seok, President of LS Electric, signed an MOU for cooperation on the localization of wind power generation electrical equipment.
[Photo by LS Electric]

Under this agreement, the two companies plan to create joint synergies through ▲ localization of wind power generation power equipment ▲ development of new wind power plants ▲ promotion of energy storage system projects linked to wind power plants ▲ expansion of new businesses related to changes in power systems ▲ cooperation in AI-based renewable energy power plant VPP (Virtual Power Plant) projects.

LS Electric will develop and supply key power solutions that can be localized for wind power among its power equipment, including distribution panels, circuit breakers, switches, ultra-high voltage equipment, power conversion devices, SCADA, and FACTS (Flexible AC Transmission Systems).

Unison, which has large-scale wind power system production capabilities centered on its Sacheon factory, will mutually consult with LS Electric on specifications for power equipment and systems that can be localized. The company has secured a 4.2MW-class wind turbine and is developing a 10MW-class product for offshore wind power. Additionally, as it operates across the entire wind power business, including manufacturing wind turbines, wind power plant project development, and maintenance, it will also play a role in expanding the application of domestic power equipment through strategic planning and business discovery necessary for project development.

Oh Jae-seok, President of LS Electric, said, "Before the domestic wind power market expands in earnest, it is necessary to sufficiently secure competitiveness in domestic technology. As leading companies in power solutions and wind power fields, we will not only localize equipment but also discover greater business opportunities, and in the long term, lead domestic climate change response and carbon-free electricity (CFE) related industries."

Park Won-seo, CEO of Unison, emphasized, "Through this MOU, we hope Unison can develop a stronger friendly cooperative relationship with LS Electric. As the growth rate of wind energy accelerates, we plan to actively strengthen domestic and international cooperation to lead the future onshore and offshore wind power markets."

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