LS Electric Supplies $48.6 Million Distribution Solutions to U.S. Data Centers... Accelerates Expansion in North American Market

Contract Signed with Bloom Energy
Supplying Comprehensive Solutions Including Low-Voltage Switchboards

LS Electric is joining forces with a global power company to accelerate its expansion into the North American hyperscale data center power infrastructure market. On August 18, LS Electric announced that it had signed a distribution solution supply contract with global power company Bloom Energy, valued at approximately $34,258,500 (around KRW 48.6 billion).

LS Electric employees signed a distribution solution supply contract with the global power company Bloom Energy and are taking a commemorative photo in front of 'LS Electric Utah.' LS Electric

Under this contract, LS Electric will supply all key distribution systems, including low-voltage switchboards, for the construction of power infrastructure at a hyperscale data center being developed by a large local energy infrastructure company in Wyoming, USA, where Bloom Energy is involved in the project.

Leveraging its world-class power distribution technology and rapid delivery capabilities, LS Electric secured this additional order from an existing client. The company plans to further strengthen its cooperation as a core supplier of electric power equipment to Bloom Energy, thereby solidifying its position in the North American data center market.

LS Electric has been building competitiveness in next-generation power distribution solutions to meet the surging power demand from the boom in global artificial intelligence (AI) data centers. With its two main production bases in Utah ("LS Electric Utah") and Texas ("Bastrop Campus"), the company has established a complete local value chain encompassing sales, design, manufacturing, and service.

In addition, LS Electric has pioneered the establishment of the world’s first direct current (DC) distribution "DC Factory" at its Cheonan plant, accelerating the advancement of DC distribution solutions to nimbly respond to the requirements of the next-generation data center market.

Thanks to robust business growth in North America, LS Electric achieved record-high quarterly results in the second quarter of this year, with revenue of KRW 1.577 trillion and operating profit of KRW 178.5 billion. Notably, sales in North America reached approximately KRW 400 billion, marking a new quarterly record, while the total accumulated order volume surpassed KRW 7 trillion.

An LS Electric representative stated, "This contract is further evidence of LS Electric's high-quality power distribution solution technology in the global data center power market," adding, "We will further strengthen our strategic partnership with Bloom Energy and actively utilize our local infrastructure to expand our market share in the rapidly growing North American data center market."

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