Electric company LS wins $65 billion AI data center project in US
LS Electric Secures $46 Million Contract for US AI Data Center's Microgrid System
South Korean power solutions producer, LS Electric, has secured a significant contract worth $46 million to supply distribution solutions for a US-based hyperscale AI data center project. The client, a major global tech company, has chosen to remain undisclosed due to contractual conditions.
This project marks an acceleration in LS Electric's expansion in the North American market. Last year, the company recorded 1.3 trillion won in North American sales, with over 70% coming from switchgear, breakers, and other distribution systems.
The microgrid system, a sustainable and efficient energy solution, will generate and manage electricity on site, reducing reliance on aging transmission networks. This system is expected to support a stable electricity supply to the data center.
The data center project is part of a growing trend in the US, where many new data centers are turning to distributed-energy-based microgrids. The project involves the use of gas power facilities within the microgrid system, indicating a focus on sustainable and efficient energy solutions.
LS Electric already holds UL certification, a necessary requirement for entering the US power distribution market. The company will be supplying switchgear packages for the gas power facilities within the microgrid system for the data center.
Delivery of the solutions is scheduled to begin in February next year and continue through July. This deal could potentially serve as a significant growth momentum in the North American power distribution market for LS Electric.
An LS Electric official stated that being selected for this project demonstrates global market trust in their technology, despite the client's name not being disclosed due to an NDA. The success of this project could attract more opportunities for LS Electric, as it is tied to Korean conglomerates' local investments.
The growing trend of using microgrids for data centers in the US could lead to an increase in opportunities for power distribution companies like LS Electric. The success of this project could contribute to the growing trend of using microgrids for data centers in the US, potentially leading to similar projects being planned across the country.
It has been reported that the global tech company that contracted LS Electric for the delivery of distribution solutions for a US-based AI data center project is Google. This deal could be a significant milestone in LS Electric's journey in the North American market.
Read also:
- Upcoming iPhone Model: What We Understand Thus Far
- Six-year peak of Enterovirus cases reported by the CDC
- Steak 'n Shake CEO's criticism of Cracker Barrel's leadership under fire, prompting retaliation from the latter following public outburst
- Confidential Data Protection in Medical Field: Defending Vital Patient Data
