LS Cable & System announced on the 2nd that it had signed a contract worth 100 billion won with U.S. transmission grid operator LS Power Grid California. The deal is expected to further strengthen LS Cable & System’s position in the U.S. market.
The cable will be installed in the Sacramento River in Northern California and used to transmit power from Oregon and other Northwestern states to California. The project is part of an effort to stabilize the power grid in the western United States.
California plans to invest about $6.1 billion by 2035 to build 26 new transmission lines and develop more than 85 GW of renewable energy.
LS Cable & System said it would expand its market presence by strengthening cooperation with customers in line with California’s plans to build a large-scale renewable energy transmission network.
The U.S. submarine cable market is expected to grow steadily, driven by the replacement of aging cables, renewable energy development, and rising power demand from AI and electric vehicles.
LS Cable & System is expanding its global submarine cable business, including by pursuing localized production in the United States, the United Kingdom, and Vietnam through its subsidiaries LS GreenLink and LS Eco Energy.
LS Power, founded in New York in 1990, is an energy infrastructure development and investment company that carries out major energy projects across North America.
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