LS Electric said Tuesday it has won a $34.3 million contract from US energy technology company Bloom Energy to supply power distribution equipment for a hyperscale data center in Wyoming.
Under the agreement, LS Electric will provide key systems, including low-voltage switchboards, for the data center project being developed by Bloom Energy and a major US energy infrastructure company.
The Korean maker of power equipment has been expanding its next-generation distribution business as the rapid growth of artificial intelligence data centers drives demand for electricity infrastructure.
LS Electric operates two production bases in the US — LS Electric Utah and its Bastrop Campus in Texas — and has built a localized network covering sales, design, manufacturing and after-sales services.
In Korea, the company has also established what it describes as the world’s first manufacturing plant powered by a direct-current distribution system at its facility in Cheonan, South Chungcheong Province. The site is intended to advance technology for next-generation data centers.
The contract comes as LS Electric’s North American business gains momentum.
The company posted record quarterly revenue of 1.58 trillion won ($1.12 billion) and operating profit of 178.5 billion won in the second quarter. North American sales reached a quarterly high of about 400 billion won, while its total order backlog exceeded 7 trillion won.
LS Electric plans to strengthen its partnership with Bloom Energy and use its US production infrastructure to win more data center projects across North America.
“This contract once again demonstrates the competitiveness of LS Electric’s power distribution technology in the global data center market,” a company official said.
“We will deepen our strategic partnership with Bloom Energy and leverage our local infrastructure to expand our share of the rapidly growing North American data center market.”
By Jeon Ji-woo (jwjeon7625@heraldcorp.com)
