LS Electric Establishes Voltage-Source HVDC Joint Venture with GE Vernova

Joint Execution of Domestic HVDC Projects
Joint Venture Named "Grid X Technology"
Enhanced Reliability Expected for National Power Grid Development

LS Electric has signed an agreement to establish a joint venture with the global power infrastructure company GE Vernova, aiming to strengthen its competitiveness in the voltage-source HVDC (high voltage direct current) business.

LS Electric announced that on the 25th (local time), it held a "strategic cooperation agreement ceremony for establishing a voltage-source HVDC joint venture" at 'CIGRE 2026,' the world's largest power grid technology exhibition held in Paris, France.

The signing ceremony was attended by Jaekyun Koo, Chairman of LS Electric; Daesuk Chae, CEO of LS Electric; Philippe Piron, CEO of GE Vernova Electrification division; and Johan Bindele, CEO of GE Vernova Grid System Integration division.

Through the establishment of this joint venture, the two companies plan to promote cooperation in the domestic voltage-source HVDC market and develop joint solutions and strategies, including the supply of core equipment and the joint execution of domestic HVDC projects. In addition, they will build a cooperative framework to support the development of the next-generation power grid in South Korea and advance into the global HVDC market.

The joint venture will be named "Grid X Technology," incorporating the concepts of reliability, integration, and exchange in the power grid sector.

Jaekyun Koo, Chairman of LS Electric, stated, "This cooperation combines world-class voltage-source HVDC technology with LS Electric's experience in executing domestic HVDC projects to build a more stable energy highway in South Korea. Based on this partnership, we will further strengthen our competitiveness so that Korea can lead global HVDC technology and business."

LS Electric announced that on the 25th (local time), it held a “Strategic Cooperation Agreement Signing Ceremony for the Establishment of a Voltage-Source HVDC Joint Venture” at 'CIGRE 2026,' the world's largest power grid technology exhibition held in Paris, France. The photo shows Ju-Gyun Koo, Chairman of LS Electric (third from left), Dae-Seok Chae, CEO of LS Electric (fourth from left), Philippe Piron, CEO of Electrification at GE Vernova (second from left), and Johan Bindele, CEO of Grid System Integration at GE Vernova (first from left), commemorating the signing ceremony. LS Electric.

Philippe Piron, CEO of GE Vernova, said, "South Korea is entering a new stage of power infrastructure development where power generation and transmission and distribution networks must advance together. By combining GE Vernova's global HVDC technology and experience with LS Electric's local manufacturing and execution capabilities, we will be able to support the construction of reliable transmission infrastructure, which is essential for Korea's future energy needs and economic growth."

LS Electric expects that this collaboration with GE Vernova will further enhance the reliability of the government-driven "West Coast Energy Highway" project. The West Coast Energy Highway is a national project designed to stably transmit large-scale renewable energy generated in the Honam region and along the west coast to the Seoul metropolitan area. For the success of this project, core voltage-source HVDC technology, proven project execution capabilities, and a stable supply chain are essential.

LS Electric is the only manufacturer in Korea with experience supplying core equipment for commercial HVDC projects. Following the successful supply for the Buktangjin-Godeok project, the company is currently providing core equipment for the East Coast-Metropolitan Area HVDC project as well, playing an important role and accumulating relevant experience and know-how.

It is expected that the experience LS Electric has gained from executing HVDC projects in Korea, combined with GE Vernova's voltage-source HVDC technology, will further enhance both the reliability and technological competitiveness of South Korea's national power grid development.

LS Electric has established the largest HVDC production base in Korea at its Busan facility, equipped with an integrated system capable of handling the design, manufacturing, and performance testing of key equipment such as converter transformers (C-TR). The ability to manufacture and supply core equipment according to project schedules is a key strength, enabling swift and stable responses to changes in the global supply chain.

A representative from LS Electric stated, "The voltage-source HVDC business requires not only world-class technology but also proven project execution experience and stable supply capabilities. Through this collaboration, by combining GE Vernova's globally leading technology with LS Electric's project execution experience and production capacity, we have established a foundation for developing powerful joint solutions."

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