Taihan Cable & Solution announced on June 18 that it has secured three significant power grid projects in the United States, with a total order value of approximately 130 billion won. This achievement marks a substantial milestone for the South Korean company, known for manufacturing and supplying cables and solutions for power grids and other infrastructure projects.
The three projects include one ultra-high voltage project and two medium-to-low voltage projects. The ultra-high voltage project, valued at around 45 billion won, is located in the eastern U.S. and involves constructing a 345kV power grid for a new semiconductor plant in New York State. This project will be executed on a full turn-key basis, covering all aspects from material supply to power grid design, installation, connection, and testing. “Stable power supply is essential for semiconductor plants, and Taihan Cable & Solution’s high technical capabilities and project management skills were crucial in being selected for this project,” the company stated.
The two medium-to-low voltage projects, worth a combined 85 billion won, are based in the Los Angeles area of western California. One of these projects is a long-term initiative to supply medium-to-low voltage cables over three years. The high trust in Taihan Cable & Solution’s products played a key role in securing these orders.
Taihan Cable & Solution continues to achieve remarkable results in the U.S., which is currently experiencing a super cycle in the power industry. The company is accumulating performance by securing various projects, including new power grid construction, renewable energy connection projects, and the replacement of aging power grids in major cities on both the east and west coasts. With this latest achievement, Taihan Cable & Solution has secured over 330 billion won in new orders in the U.S. alone this year. “This surpasses 80% of the company’s highest annual cumulative order amount of approximately 400 billion won in 2022, which was the highest performance since entering the U.S. market,” the company highlighted.
The increasing demand for power grids in the U.S. is expected to continue, driven by factors such as population growth, urbanization, and the push for renewable energy sources. The U.S. government’s initiatives and investments in upgrading and expanding the power grid further underscore the strategic importance of Taihan Cable & Solution’s projects. As a result, record-breaking orders in the U.S. are anticipated this year, positioning Taihan Cable & Solution for continued success and growth in the market.
