Gaon Electric announced on June 18 that it has supplied hundreds of billions of won worth of transmission cables for solar power plants in the United States.
In response to a growing demand for artificial intelligence (AI) data centers, the U.S. is expanding investments in new power sources and transmission networks to address electricity shortages.
Industry experts anticipate that demand will further increase as investments in AI and energy infrastructure rise under the U.S.-South Korea Strategic Investment Special Act.
Following its supply of cables for solar power plants, Gaon Electric has recently begun providing cables for the power networks of AI data centers, accelerating its efforts in the U.S. market. The company expects its exports to the U.S. to double from approximately 100 billion won last year to about 200 billion won this year.
The growth of Gaon Electric's U.S. subsidiary, LSCUS, continues as well. LSCUS has secured long-term supply contracts for busducts worth over 5 trillion won with major global tech companies and is expanding its customer base to include generative AI firms. Busducts are structured with flat copper and aluminum conductors insulated and placed inside modular metal cases, significantly enhancing space efficiency.
Jung Hyun, CEO of Gaon Electric, stated, "Products related to AI data centers and renewable energy have higher added value compared to general industrial products, contributing to improved profitability. We plan to continue enhancing our business portfolio centered on high-value products."
* This article has been translated by AI.
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