Taihan Cable & Solution wins large US power grid turnkey project

Taihan Cable & Solution, a leading power cable and energy infrastructure manufacturer, said Thursday that its U.S. subsidiary has won a turnkey extra-high-voltage grid project in the United States, capitalizing on surging power demand from artificial intelligence (AI) and data centers. Under the deal, the subsidiary, T.E.USA, will oversee local engineering, construction and other work, while the Korean headquarters will produce and supply key materials such as extra-high-voltage cables and joints. In a turnkey contract, a single company handles a project from design through construction and hands it over ready for operation. The headquarters and the U.S. unit signed a material supply contract worth about 120 billion won ($89 million), which the company disclosed in a regulatory filing Thursday. Taihan did not reveal the total value of the turnkey project or the client, citing a nondisclosure agreement. The order follows another extra-high-voltage turnkey project worth about 100 billion won that the company won in the U.S. in January. Taihan said it has won all 500-kilovolt high-voltage a