Samsung C&T is strengthening its partnership with Hitachi Energy, a global technology leader in electrification, to target the European power grid market.
Samsung C&T's construction division (hereafter Samsung C&T) said on the 14th that it signed a memorandum of understanding (MOU) with Hitachi Energy on the 13th at Hitachi Energy headquarters in Zurich, Switzerland, for cooperation on power grid projects in Europe.
Attending the event were President and CEO Oh Se-chul of Samsung C&T, CEO Andreas Schierenbeck of Hitachi Energy, and other executives and key officials from both companies.
After the two companies signed a strategic partnership in October 2024 in the global HVDC (High Voltage Direct Current) sector, they expanded cooperation this time into the HVAC (High Voltage Alternating Current) sector, building a comprehensive collaboration framework that spans the entire power grid industry with a focus on the European market.
HVDC technology, which Hitachi Energy has led for more than 70 years, is a next-generation direct current transmission technology advantageous for long-distance, high-capacity transmission and plays a key role in subsea cables and cross-border grid interconnections. HVAC is an alternating current transmission technology that ensures the stable operation of existing power grids, and the two technologies work complementarily to advance grid sophistication and secure reliability.
Hitachi Energy is a global power technology corporations headquartered in Switzerland and has led core technology fields such as extra-high voltage, transformers, automation, and power electronics for more than 100 years. Based on an extensive track record of installations in more than 140 countries worldwide, it provides innovative solutions across the entire energy value chain, contributing to the realization of safe, economical, and sustainable power systems.
Through this MOU, the two companies plan to continue expanding various cooperative frameworks to provide innovative power infrastructure solutions, including establishing joint strategies and road maps for power grid projects in Europe and building a project pipeline.
The two companies are currently jointly carrying out major global energy projects, including a subsea power project supplying clean electricity to offshore facilities of state-owned oil company ADNOC in the United Arab Emirates (UAE) and the Marinus Link HVDC project in Australia.
Lee Byung-su, head of overseas sales at Samsung C&T (executive vice president), said, "The collaboration model proven through our work so far will be a strong competitive edge in the global power infrastructure market, including Europe," and added, "With an integrated solution covering both direct current and alternating current, we will lead high-difficulty projects such as cross-border grid connections."
Niklas Persson, CEO of the Grid Integration business unit at Hitachi Energy, said, "This expanded collaboration with Samsung C&T will accelerate grid modernization and reliability, enable renewable integration, and help build a more tightly connected and energy-secure Europe."