Hyosung Heavy Industries has secured a major contract worth approximately $150 million USD (over 200 billion KRW) to supply ultra-high voltage power equipment to a U.S.-based transmission grid operator.

The deal includes 29 units of 765kV transformers and reactors, along with 24 ultra-high voltage circuit breakers. These components will support the development of a new 765kV transmission grid across the southern and eastern United States -- a strategic infrastructure project driven by rising electricity demand from data centers and electric vehicles.

The 765kV grid system is gaining traction in the U.S. due to its ability to reduce transmission losses and carry more power over long distances compared to lower-voltage systems.

Hyosung Heavy Industries, a subsidiary of Hyosung Group, is currently the only manufacturer in the U.S. capable of producing 765kV ultra-high voltage transformers, through its Memphis, Tennessee facility.

Cho Hyun-joon, Chairman of Hyosung Group, has invested $150 million to date into the Memphis plant, which is undergoing expansion to double its production capacity by next year.

Woo Tae-hee, CEO of Hyosung Heavy Industries, emphasized the company's full-service capabilities. "We provide integrated solutions including STATCOM and circuit breakers. This contract strengthens our leadership in the U.S. 765kV market," he said.