Samsung C&T Targets Global Ultra High Voltage Direct Current Transmission Market... Signs Business Agreement with Hitachi Energy

HVDC Core Equipment Suppliers and Business Expansion Foundation Established
Synergy Sought Through Design, Manufacturing, and EPC Execution

Samsung C&T has launched a full-scale entry into the ultra-high voltage direct current (HVDC) market in line with the global trend of expanding energy infrastructure.

At the agreement ceremony held at the Hitachi Energy Korea headquarters in Samseong-dong, Gangnam-gu, Seoul, key representatives from both companies are taking a commemorative photo. Fifth from the left is Kim Seong-jun, Vice President and Head of P&G Sales Team at Samsung C&T, and fourth from the right is Almond Pineda, Head of Sales at Hitachi Energy. Provided by Samsung C&T Construction Division.

Samsung C&T Construction Division (hereinafter Samsung C&T) announced on the 9th that it signed a business agreement with Hitachi Energy at Hitachi Energy Korea's headquarters in Trade Tower, Samseong-dong, Gangnam-gu, Seoul, to expand cooperation and participation opportunities in the global HVDC (High Voltage Direct Current) business.

HVDC is a method of converting alternating current power generated at power plants into high-voltage direct current for transmission. It is a core technology for long-distance, large-scale transmission with low energy loss and high stability.

Globally, following energy transition and power infrastructure expansion, data centers are being massively expanded recently due to the activation of AI (artificial intelligence) business. As demand for stable power transmission surges, the market size is expected to expand to approximately KRW 159 trillion by 2030.

Through this agreement, the two companies have decided to join forces to strengthen core capabilities in the HVDC business. Hitachi Energy, headquartered in Switzerland, is a global leader in the medium electrical equipment and power control systems sector, operating in over 90 countries. Hitachi Energy is responsible for supplying and installing converter stations (power converters), key equipment in the KRW 3.5 trillion UAE subsea HVDC project currently being executed by Samsung C&T.

By combining Samsung C&T's stable EPC execution capabilities with Hitachi Energy's design and manufacturing expertise in strategic industries, they plan to actively expand opportunities to participate in global HVDC projects in the Middle East, Southeast Asia, Europe, and domestic potential projects.

Kim Seong-jun, Vice President and Head of Samsung C&T's P&G Sales Team, stated, "Through this business agreement, we expect to strengthen the cooperative relationship between the two companies and maximize our innovative capabilities, fostering continuous cooperation and growth."

Choi Seok-hwan, President of Hitachi Energy Korea, said, "Through close cooperation between the two companies, we will lead the global ultra-high voltage direct current transmission market. This agreement will be an important opportunity for both companies."

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