LS Electric lands $216 million data center deal as part of growth drive i...

my times

The Korea Times

open notice

search

Business

LS Electric lands $216 million data center deal as part of growth drive in US

Listen

Listen

Text Size

Print

By

Lee Kyung-min

Published

Apr 29, 2026 1:51 pm

KST

LS Electric Chairman Koo Ja-kyun, center, poses with officials of MCM Engineering outside their facility in Utah. Courtesy of LS Electric

LS Electric has secured a major foothold in the rapidly expanding North American infrastructure market, signing a deal worth 319 billion won ($216 million) to supply power distribution systems for a major data center in the United States.

The company said Wednesday it signed the agreement with Bloom Energy to provide key electrical infrastructure for a large data center project in New Mexico. The facility is being developed for a major global technology company, although LS Electric did not disclose the client’s name.

Under the contract, LS Electric will supply a comprehensive suite of power distribution equipment, including switchgears and transformers, the company said. The hardware is critical to maintaining the stable, around-the-clock electricity required for data center operations, a sector currently undergoing rapid expansion.

The deal comes as surging demand for artificial intelligence drives global technology firms to expand data center capacity, fueling investment in power infrastructure across North America.

LS Electric said it has recently won a series of large-scale projects in the region, including another data center contract valued at 170 billion won earlier this month. The company said those orders helped lift its first-quarter performance to record levels, with revenue reaching 1.37 trillion won and operating profit totaling 126.6 billion won.

Data centers require highly reliable and efficient power systems, where rapid delivery and stable maintenance capabilities are key competitive factors, the company said.

LS Electric said it is strengthening its local production base in the United States, particularly in Utah and Texas, to improve supply chain responsiveness and shorten delivery times.

The company is also expanding its direct current power distribution business, targeting next-generation data centers seeking greater energy efficiency.

This article was published with the assistance of generative AI and edited by The Korea Times.