LS Electric-US deal
LS Electric wins 319 bln-won deal from U.S. energy firm for data center project
SEOUL, April 29 (Yonhap) -- LS Electric Co., a South Korean electrical equipment maker, said Wednesday it has secured a 319 billion-won (US$216.5 million) contract to supply power distribution systems to Bloom Energy, a U.S. energy solution firm, for a large-scale data center project.
The company said the deal with Bloom Energy involves providing power distribution solutions for a hyperscale data center operated by a U.S. big tech company in New Mexico, without disclosing the name of the firm.
Bloom Energy has teamed up with Oracle, a global cloud service provider, for its artificial intelligence (AI) and cloud computing infrastructure.
Earlier this month, LS Power Solution, LS Electric's subsidiary, signed a 106.6 billion-won contract to supply transformers to a U.S. energy infrastructure company to power a large-scale data center in the central United States.
Investment in power infrastructure across North America is rising amid growing electricity demand driven by the AI boom, LS Electric said, noting it aims to further expand its presence in the region.
Koo Ja-kyun, chairman of LS Electric Co., and company officials pose for a group photo at MCM Engineering II, a U.S. electric engineering firm, in Utah on April 29, 2026, in this photo provided by LS Electric. (PHOTO NOT FOR SALE) (Yonhap)
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