LS Cable announced on June 17 that it has secured a high-voltage power network project worth approximately 1.4 trillion won from the Singapore Power Authority. Under this contract, LS Cable will supply 400kV and 230kV cables for the local market.
In response to the growing demand for artificial intelligence (AI) and cloud services, Singapore has been increasing investments focused on environmentally friendly and efficient data centers. This initiative is part of a broader effort to enhance the power grid and expand transmission infrastructure.
Since 2010, LS Cable, in collaboration with LS Eco Energy, has maintained the top market share in Singapore's high-voltage cable sector. The company has solidified its position as a key supplier by participating in the development of Singapore's national power grid, leveraging its accumulated technology and project experience.
Recently, LS Cable has also demonstrated its technological competitiveness in the global market by winning a high-voltage direct current (HVDC) project worth about 25 trillion won in Europe.
Additionally, through collaboration with its affiliates, LS Cable is expanding its business into the power infrastructure market for AI data centers. Gaon Cable recently signed a long-term supply contract for bus ducts worth 4 trillion won, accelerating its entry into the North American market. Bus ducts, which consist of insulated copper or aluminum conductors housed in a modular metal casing, significantly improve space efficiency compared to traditional cables.
LS Cable anticipates that the replacement of aging power grids and the impact of AI proliferation will lead to a "supercycle" in power infrastructure lasting over the next 15 years. As a result, proactive contracts for future supply volumes are increasing, pushing LS Cable's order backlog to a record high of over 7 trillion won.
Kim Hyung-won, head of LS Cable's Energy and Construction Division, stated, "The competitiveness in the AI era ultimately stems from power infrastructure. LS Cable will lead the global market based on its capabilities that encompass transmission networks for AI data centers and internal distribution solutions."
* This article has been translated by AI.
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