Taihan has been awarded a project worth around KRW 110 billion to replace an outdated power grid in the United States. 

The project is designed to replace the ageing power infrastructure with a new one in the southeastern state of Florida in anticipation of increasing power demand in the region. Taihan will be removing existing cables and supplying a 230kV EHV power grid as a full turnkey service.

The successful bid for this contract is thanks to the recognition of Taihan’s proven track record in executing various projects in the U.S. The proposal of new solutions for replacing ageing power grids was instrumental in moving the project forward. For the New York project secured last year, a unique installation method with a U.S. patent was introduced to showcase laying technology tailored to the urban environment.

By securing this deal, the company has brought its cumulative order value for the year to about KRW 200 billion in the U.S. alone. Taihan has already achieved half of its record annual orders in the U.S. from fiscal year 2022, around KRW 400 billion in just one quarter. While rising electricity consumption and the expansion of renewable energy sources are driving an increase in the demand for power networks across the U.S., over 50% of the existing transmission infrastructure has surpassed 40 years of service, exceeding its life cycle, giving rise to strong anticipation of additional orders to follow.

Source: https://www.taihan.com/
Image source: Courtesy of Taihan

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