Corporate Logo(source: ls-electric.com)
LS Electric (010120) rose sharply in early trade on September 3 after announcing a supply contract worth about 64.1 billion won with a U.S. big tech company.
According to the Korea Exchange, as of 10:02 a.m., LS Electric was trading at 291,000 won, up 6.20% from the previous session.
The company said it had signed a 46 million dollar (approximately 64.1 billion won) contract to supply power distribution solutions for a hyperscale artificial intelligence (AI) data center power infrastructure project in the United States.
The project, commissioned by a major global big tech firm, involves supplying power to an AI data center. LS Electric will provide distribution solutions for gas power facilities within a microgrid.
A microgrid refers to a decentralized power system equipped with localized generation and distribution facilities, operating independently or in conjunction with existing grids.
The project will run from February to July next year, during which LS Electric will sequentially supply packaged switchgear systems.
Corporate Logo(source: ls-electric.com)
LS Electric (010120) rose sharply in early trade on September 3 after announcing a supply contract worth about 64.1 billion won with a U.S. big tech company.
According to the Korea Exchange, as of 10:02 a.m., LS Electric was trading at 291,000 won, up 6.20% from the previous session.
The company said it had signed a 46 million dollar (approximately 64.1 billion won) contract to supply power distribution solutions for a hyperscale artificial intelligence (AI) data center power infrastructure project in the United States.
The project, commissioned by a major global big tech firm, involves supplying power to an AI data center. LS Electric will provide distribution solutions for gas power facilities within a microgrid.
A microgrid refers to a decentralized power system equipped with localized generation and distribution facilities, operating independently or in conjunction with existing grids.
The project will run from February to July next year, during which LS Electric will sequentially supply packaged switchgear systems.