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GE Vernova and LS Electric form JV for VSC-HVDC Korea power grid

GE Vernova logoGE Vernova
Sig3.92Sen+4.96Env+0.73Soc+3.00Gov+0.17
LS ELECTRIC Co., Ltd. logoLS ELECTRIC Co., Ltd.
Sig2.62Sen+4.28Env+1.84Soc+0.92Gov+1.16

GE Vernova and South Korea’s LS Electric have signed an agreement to create a joint venture aimed at the VSC-HVDC market, positioned as a key component of Korea’s next-generation power grid. The partnership focuses on VSC technology for more flexible, controllable transmission. The locally anchored JV is intended to strengthen both firms’ presence and accelerate growth in a rapidly investing Asia-Pacific grid infrastructure market.

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