Taihan Cable & Solution landed two power cable supply deals in the US worth 50 billion won ($38 million), pushing its total American orders this year to a record 720 billion won ($690 million).
The South Korean manufacturer will provide cables worth 30 billion won to utilities in western states, with potential extensions valuing up to 90 billion won over three years. A separate 20 billion won contract covers eastern US regions.
The new agreements highlight growing opportunities for Asian suppliers as US utilities rush to upgrade aging infrastructure. This year’s order book has already surpassed Taihan’s previous record of 400 billion won set in 2022, reflecting intensifying demand for power transmission equipment.
While Taihan frames the contracts as validation of its technical prowess, the deals also underscore capacity constraints among domestic US producers struggling to meet ambitious grid modernization targets. The Biden administration’s push for renewable energy integration and grid resilience has created a seller’s market for cable manufacturers.
Industry analysts expect supply chain bottlenecks to persist as utilities accelerate spending on transmission projects, potentially giving foreign suppliers like Taihan expanded market share in coming years.
