LS ELECTRIC will supply extra-high-voltage transformers to RWE, Germany's largest private power producer. This is the first time LS ELECTRIC has exported extra-high-voltage transformers to Europe.
According to the industry on the 11th, early this month LS ELECTRIC signed a contract worth 62 billion won to supply extra-high-voltage transformers with Germany's RWE. It plans to supply 400-kilovolt (kV) units through 2027 for a solar power and energy storage system (ESS) hybrid plant RWE is building in western Germany.
LS ELECTRIC plans to manufacture the extra-high-voltage transformers for RWE at its Busan plant, where expansion was completed in December last year. Extra-high-voltage transformers are essential equipment for transmitting and transforming large-scale power. They are usually custom-built to meet client specifications.
Korean power equipment manufacturers are increasing investment in extra-high-voltage transformer production to target the North American and European markets. Demand is surging as investment in artificial intelligence (AI) data centers and power consumption rise. Because AI is an energy-intensive industry, it consumes power on a large scale.
Meanwhile, the Korea Trade-Investment Promotion Agency (KOTRA) said the market for extra-high-voltage transformers is growing rapidly as power consumption soars with the expansion of the AI market and demand for replacing aging power grids increases.