Gaon Cable Wins First Order for Power Plant Cables from U.S. Big Tech Worth 50 Billion Won

Supplying Proprietary Power Plants for AIDC Power Security
U.S. Exports Expected to Reach 300 Billion Won This Year

Gaon Cable is expanding its business portfolio into the construction of power generation infrastructure by supplying power distribution cables for power plants to a major American global big tech (large information technology company).

On July 28, Gaon Cable announced that it will supply, for the first time, approximately 50 billion won worth of distribution cables to a proprietary power plant construction project directly led by a major American global big tech company, referred to as Company A.

This order comes as big tech companies are building their own power plants to meet the surging demand for electricity driven by the rise of generative artificial intelligence (AI) and the resulting growth in data centers. Gaon Cable expects that this direct contract will serve as a stepping stone for the company to further participate in future power infrastructure projects.

Previously, Gaon Cable has been cooperating with big tech companies through its U.S. subsidiary LSCUS, including signing long-term contracts for bus ducts used in AI data centers worth more than 5 trillion won. This time, the headquarters will directly supply cables for power plants, further solidifying its presence in the North American market.

With the full-scale supply of cables for AI data centers and power plants, Gaon Cable’s U.S. exports this year are projected to reach approximately 300 billion won, about three times last year’s volume.

Chung Hyun, CEO of Gaon Cable, stated, “With the proliferation of AI data centers, not only the power transmission market but also the power distribution market are growing rapidly. Based on our top-tier competitiveness in Korea’s power distribution cable market, we will strengthen our global market expansion by supplying both cables and power equipment together.”

Exterior view of Gaon Cable's Gunpo plant. Gaon Cable

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