LS Electric wins $70 mil. North American data center contract

LS Electric, the Korean industrial conglomerate’s unit specializing in power grid infrastructure, electrical equipment, and automation solutions, said Wednesday that it has secured a contract worth 106.4 billion won ($70.43 million) to supply a 38-kilovolt power distribution system for a large-scale artificial intelligence (AI) data center project spearheaded by a major North American tech firm. Under the terms of the agreement, equipment delivery is scheduled to take place between August and November this year. The new order pushes LS Electric’s cumulative data center bookings from North American tech clients to nearly 1.2 trillion won. The company has surpassed its 2024 tally of 800 billion won in just the first six months of 2026, highlighting the explosive demand for specialized power infrastructure driven by the global AI boom. According to LS Electric, the order came from an existing client that is actively expanding its server capacity. LS Electric noted that this pattern of repeat business reflects the solidification of its role as a core power infrastructure partner for hy