Hyundai Electric to Deliver 765kV Transformers in Landmark U.S. Contract
HD Hyundai Electric has announced a record-breaking contract to supply 24 ultra-high voltage transformers and reactors to a major power company in Texas. The deal, valued at 277.8 billion won (approximately $199 million USD), marks the largest single order in the company's history.
The order includes 765kV transformers, the highest voltage class used in the United States, which are essential for long-distance power transmission with reduced energy loss and infrastructure costs. These high-capacity units are expected to be delivered in 2029.
The demand for such equipment is rising rapidly in the U.S., driven by the need to upgrade an aging power grid--around 70% of which was built in the 1960s--and by growth in renewable energy, AI data centers, and electrification initiatives.
Since 1999, HD Hyundai Electric has delivered over 160 ultra-high voltage transformers to major projects in Korea, the U.S., and India. The company is also expanding its Alabama plant, with increased production capacity expected by 2027, to better serve North American demand.
A company representative stated, "As 765kV transformers require advanced technology, only a few manufacturers worldwide can produce them. This contract strengthens our position in the U.S. ultra-high voltage market."
