Taihan Cable & Solution has secured a framework agreement with National Grid UK for high voltage direct current (HVDC) cable systems, positioning the South Korean manufacturer to compete for projects worth approximately 21.3 billion pounds ($40 trillion won).
The deal gives Taihan the opportunity to bid on more than 15 submarine and underground HVDC projects expected over the next eight years, part of National Grid’s broader 59 billion pound initiative to strengthen its supply chain in the face of anticipated market shortages.
Vice Chairman Song Jong-min, who visited National Grid’s London headquarters last month for the signing, cited the agreement as recognition of Taihan’s technological competitiveness in the advanced European power market.
Taihan entered the HVDC sector by developing Korea’s first 500kV current type and 525kV voltage type underground cable systems. The company secured its initial international order for a 320kV HVDC cable in the United States last September.
To support its expansion, Taihan is constructing a second subsea cable plant in Dangjin, South Chungcheong Province, scheduled for completion by 2027.
HVDC technology, which enables long-distance power transmission with minimal losses, is increasingly important as regions like Europe pursue renewable energy integration and carbon emission reduction targets.
