Hyosung Heavy Industries recently signed a supply contract worth approximately USD 530 million with a major U.S. transmission grid operator for power equipment, including 765kV ultra-high-voltage transformers and reactors. This contract represents the largest single order ever awarded to a Korean power equipment manufacturer in the U.S. market. In 2025, Hyosung Heavy Industries became the first Korean company to sign a full-package supply contract in the United States for power equipment, including 7 65kV ultra-high- voltage transformers and 800kV ultra-high- voltage GIS(Gas Insulated Switchgears); building on this achievement, the company has continued its strengthen of large-scale orders into the new year, further cementing its position in the U.S. 765kV segment.
Beyond its role as an equipment manufacturer, Hyosung Heavy Industries is expected to play a leading role as a "Total Solution Provider" in the full-scale implementation of U.S. 7 65kV transmission grid construction projects. Power demand in the United States is expected to increase by approximately 25% over the next decade, driven by the rapid expansion of AI data centers and the growing adoption of electric vehicles. To meet this projected increase in demand, major U.S. electric utilities are accelerating plans to construct 765kV transmission grids.
The 765kV system enables long-distance delivery of large-capacity electricity while significantly reducing line losses compared to existing 345kV or 500kV systems. The company is also actively advancing efforts to localize talent development. Through partnerships with local technical colleges, Hyosung heavy Industries is recruiting top talent and is committed to cultivating mid-level managers and executives through comprehensive career development and professional training programs. This record-scale order was secured under the direct leadership of Hyosung Chairman Hyun-Joon Cho, reflecting the company's long-term investment strategy in the U.S. markets and its sustained focus on ultra-high-voltage transmission infrastructure. Chairman Cho has strengthened Hyosung Heavy Industries' U.S. presence through ongoing engagement with federal, state, and industry stakeholders, including U.S. Secretary of Energy ChrisWright, U.S. Senator Bill Hagerty of Tennessee, Oracle Corporation Executive Vice Chair Safra A. Catz, GEVernova CEO Scott L. Strazik, and Tennessee Governor Bill Lee.
