Hyosung Heavy Industries Achieves Record Contract as U.S. Strategy Thrives Under Leadership
Hyosung Heavy Industries, a leading name in the power industry, has recently made headlines by securing a monumental contract in the United States. This achievement marks a significant milestone in the company's history, as it represents the largest single order ever awarded to a Korean power equipment manufacturer in the U.S. With a supply contract estimated at around USD 530 million, the deal encompasses vital equipment like 765kV ultra-high-voltage transformers and reactors.
Under the guidance of Chairman Hyun-Joon Cho, Hyosung Heavy Industries has been actively expanding its footprint in the U.S. market, particularly in the area of power grid modernization. This latest contract builds on previous successes, including a groundbreaking agreement in 2025 that made Hyosung the first Korean entity to undertake a full-package supply contract for U.S. power equipment.
The demand for electricity in the U.S. is expected to surge by approximately 25% over the next decade, driven largely by the proliferation of AI data centers and the gradual rise in electric vehicle usage. In response, major U.S. utilities are racing to establish 765kV transmission grids, which can transmit large volumes of electricity over long distances while minimizing line losses compared to older 345kV or 500kV systems.
Hyosung Heavy Industries already boasts nearly half the market share of 765kV ultra-high-voltage transformers installed across the American power grid, having maintained this leading position since the early 2010s. The company's expertise and established reliability in this field have paved the way for such significant contracts.
The 765kV transformers represent some of the most complex power equipment available, necessitating advanced insulation technologies and rigorous testing protocols. Since its inception in the U.S. market, Hyosung has positioned itself as an innovator, establishing its U.S. subsidiary in 2001 and becoming the pioneer in exporting 765kV transformers to the nation in 2010. The company operates the only facility in the U.S. capable of manufacturing such high-voltage transformers, located in Memphis, Tennessee.
In addition to its manufacturing capabilities, Hyosung Heavy Industries is committed to local workforce development, forming partnerships with regional technical colleges to attract and train talent for the energy sector. This initiative reflects the company's dedication to cultivating a skilled workforce capable of supporting the growing demands of the industry.
The record-breaking order underscores Hyun-Joon Cho's focus on long-term investment strategies and enhancements in the U.S. energy infrastructure. Through persistent engagement with key stakeholders, including government officials and industry leaders, Hyosung aims to solidify its role as a critical partner in maintaining the reliability of the American power grid. Chairman Cho emphasized the importance of establishing a solid long-term partnership with the U.S. to ensure the nation’s energy stability and become a leader in the ultra-high-voltage segment.
Looking ahead, the company appears poised to continue its strategic trajectory in the U.S. power market, leveraging its manufacturing base and technological advancements to meet the demands of a modernizing grid. With national security increasingly tied to robust energy infrastructure, Hyosung Heavy Industries is embracing its role in shaping the future of power transmission in the United States.
Under the guidance of Chairman Hyun-Joon Cho, Hyosung Heavy Industries has been actively expanding its footprint in the U.S. market, particularly in the area of power grid modernization. This latest contract builds on previous successes, including a groundbreaking agreement in 2025 that made Hyosung the first Korean entity to undertake a full-package supply contract for U.S. power equipment.
The demand for electricity in the U.S. is expected to surge by approximately 25% over the next decade, driven largely by the proliferation of AI data centers and the gradual rise in electric vehicle usage. In response, major U.S. utilities are racing to establish 765kV transmission grids, which can transmit large volumes of electricity over long distances while minimizing line losses compared to older 345kV or 500kV systems.
Hyosung Heavy Industries already boasts nearly half the market share of 765kV ultra-high-voltage transformers installed across the American power grid, having maintained this leading position since the early 2010s. The company's expertise and established reliability in this field have paved the way for such significant contracts.
The 765kV transformers represent some of the most complex power equipment available, necessitating advanced insulation technologies and rigorous testing protocols. Since its inception in the U.S. market, Hyosung has positioned itself as an innovator, establishing its U.S. subsidiary in 2001 and becoming the pioneer in exporting 765kV transformers to the nation in 2010. The company operates the only facility in the U.S. capable of manufacturing such high-voltage transformers, located in Memphis, Tennessee.
In addition to its manufacturing capabilities, Hyosung Heavy Industries is committed to local workforce development, forming partnerships with regional technical colleges to attract and train talent for the energy sector. This initiative reflects the company's dedication to cultivating a skilled workforce capable of supporting the growing demands of the industry.
The record-breaking order underscores Hyun-Joon Cho's focus on long-term investment strategies and enhancements in the U.S. energy infrastructure. Through persistent engagement with key stakeholders, including government officials and industry leaders, Hyosung aims to solidify its role as a critical partner in maintaining the reliability of the American power grid. Chairman Cho emphasized the importance of establishing a solid long-term partnership with the U.S. to ensure the nation’s energy stability and become a leader in the ultra-high-voltage segment.
Looking ahead, the company appears poised to continue its strategic trajectory in the U.S. power market, leveraging its manufacturing base and technological advancements to meet the demands of a modernizing grid. With national security increasingly tied to robust energy infrastructure, Hyosung Heavy Industries is embracing its role in shaping the future of power transmission in the United States.
Topics Energy）
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