LS ELECTRIC announced on the 26th that it will establish a joint venture (JV) with GE Vernova, a global power infrastructure company, to strengthen its competitiveness in the “voltage source converter (VSC) high-voltage direct current (HVDC)” business.
The name of the joint venture is “Grid X Technology.” Through the establishment of the joint venture, the two companies plan to cooperate in the domestic VSC HVDC market. They also intend to reinforce a cooperative framework for building next-generation power grids in Korea and for entering the global HVDC market.
LS ELECTRIC Chairman Koo Ja-kyun said, “This collaboration aims to build Korea’s ‘energy highway’ more stably by combining GE Vernova’s VSC HVDC technology with LS ELECTRIC’s experience in domestic HVDC projects.” The energy highway is a national project designed to transmit large-scale renewable energy produced in the Honam region and along the west coast to the Seoul metropolitan area in a stable manner.
Park Hyeon-ik
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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