HD Hyundai's power equipment and energy solutions subsidiary, HD Hyundai Electric, announced on the 31st that it signed a supply contract for a total of 13 ultra-high voltage transformers, including 12 units of 400 kilovolt (kV) and 1 unit of 275 kV, with the British power company National Grid on the 30th. The order amount is 140.4 billion won, with the final delivery scheduled for 2028.
Among the transformers ordered this time, 11 units are eco-friendly transformers that have replaced the insulating oil (oil that maintains electrical insulation between components and prevents equipment overheating) with synthetic ester oil derived from naturally biodegradable vegetable oils instead of traditional crude oil-based mineral oil. HD Hyundai Electric explained that this makes them suitable for renewable energy power plants, urban areas, and sensitive industrial facilities, as they pose a lower fire risk.
HD Hyundai Electric is accelerating its entry into the European market, where the demand for power supply for data centers and the replacement of aging power grids is increasing. In May, it agreed to supply four units of 400 kV ultra-high voltage transformers to SP Energy Networks, a Scottish power company, and last month it signed a supply agreement for power equipment for data centers with Bulk Infrastructure, a Norwegian data and telecom infrastructure company.
The United Kingdom is regarded as a major demand source for power equipment. According to the International Energy Agency (IEA), the UK aims for complete decarbonization of its power sector by 2035, planning to increase the generation capacity of offshore wind, solar, and nuclear power to 50 gigawatts (GW), 70 GW, and 24 GW, respectively.