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LS Electric secures $138.7 mil. transformer deal in US

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By Yonhap
  • Published KST
LS Electric Chairman Koo Ja-kyun and company officials pose for a photo at a factory in Utah, the United States, in this undated photo. Courtesy of LS Electric

LS Electric Chairman Koo Ja-kyun and company officials pose for a photo at a factory in Utah, the United States, in this undated photo. Courtesy of LS Electric

LS Electric said Tuesday it has signed a 185.3 billion-won ($138.7 million) contract with global power solutions provider Bloom Energy to supply switchgear and distribution transformers.

With the latest deal, the Korean electrical equipment maker's cumulative orders from Bloom Energy have exceeded $500 million since April last year.

Under the contract, LS Electric will supply power equipment for a fuel cell-based on-site power generation project at a major U.S. technology company's data center in Pennsylvania.

The Korean company plans to deliver 38-kilovolt (kV) high-voltage switchgear and distribution transformers between April and July 2027.