LS Cable & System

LS Cable & System has secured its first submarine cable supply contract in the western United States. LS C&S signed a contract worth approximately KRW 1 billion with LS Power Grid California, a transmission network operator in the U.S. Through this agreement, LS C&S is expected to further solidify its position in the U.S. market. The cables will be installed in Northern California's Sacramento River and will be used to transmit electricity from the Northwest regions, such as Oregon, to California.  This project is part of efforts to enhance the stability of the power grid in the western region. We will strengthen our cooperation with our customers in line with California's large-scale renewable energy transmission network plans to expand our market presence. (LS Power, founded in 1990 in New York, is an energy infrastructure development and investment company that has carried out major energy projects across North America.) https://lnkd.in/gYisy7tH #LSCNS #LSPower #submarine #cable #contract #US #energy #california #transmission #network #power #market #project

LS Eco Energy, a subsidiary of LS Cable & System, has secured the core technology for rare earth refining, bolstering its business capabilities. LS Eco Energy signed a technology transfer agreement for rare earth separation and refining with the Korea Institute of Geoscience and Mineral Resources (KIGAM) and entered into a partnership agreement for mutual cooperation. The separation and refining technology is used to extract high-value oxides such as neodymium (Nd) and praseodymium (Pr), which are key raw materials for permanent magnets, from mixed rare earth elements produced in mines. LS C&S aims to strengthen our capabilities in the rare earth permanent magnet business. Read more below: https://lnkd.in/g3gsFMxh #LSCNS #LSEcoEnergy #technology #rareearth #refining #business #KIGAM #partnership #agreement #materials #permanentmagents

#LSCNS #2024 #June #Newsletter

LS Materials, a subsidiary of LS Cable & System, has launched CellDule, the world's first cell-module-integrated Ultra Capacitor (UC). Batteries are typically manufactured in stages: cell, module, and pack. This product, eliminates the cell packaging process, reducing volume and weight by over 30% while increasing energy density. With its high energy density and cost competitiveness, we expect CellDule to quickly replace traditional cell-based products. CellDule was showcased this month at the power semiconductor exhibition PCIM Europe 2024 in Germany, where it received attention and was praised for being innovative. By focusing on aspects such as robots, wind turbine generators, UPS (Uninterruptible Power Supply), and ESS (Energy Storage Systems), we plan to widen the market. #LSCNS #LSMaterials #UltraCapacitor #CellModule #CellDule #Battery #Cell #Module #energy #PCIM #2024 #robot #turbine #UPS #ESS

LS Cable & System has signed a contract with Belgian power company ELIA to supply submarine cables worth approximately KRW 280 bn for the world's first artificial energy island. This landmark project, Princess Elisabeth Island, is being constructed in the North Sea, about 45 km off the coast of Belgium, and is set to revolutionize the way renewable energy is managed and distributed. Our submarine cables will play a crucial role in the island's function, which is to store, distribute, and manage electricity generated from a 3.5GW offshore wind farm. Once completed in 2030, Princess Elisabeth Island will serve as a hub for regulating energy supply between the mainland, the UK, and Denmark. We will be the first cable manufacturer to gain experience in constructing submarine cables for an artificial energy island. As the project progresses, LS C&S's involvement will likely pave the way for future opportunities in the renewable energy sector, and contributing to the ongoing transition towards sustainable energy solutions. Read more below:  https://lnkd.in/gAkm5gNJ #LSCNS #ELIA #submarine #cable #artificial #energy #Island #UK #Denmark #PrincessElisabeth #Belgium #renewable #hub #windfarm

LS Eco Energy, a subsidiary of LS Cable & System, is set to supply a busduct system (large-scale power distribution system) to the Data Center of a Vietnamese state-owned internet company. The Busduct System will be supplied to Data Center that Viettel Net is constructing in Hoa Lac Hi-Tech Park near Hanoi. We plan to actively expand the market with our Busduct solutions, specifically developed for Data Center. Read more below:  https://lnkd.in/gJ5WTu_w #LSCNS #LSEcoEnergy #Datacenter #vietnam #distribution #system #Busduct #solution #power #cable #business

LS Eco Energy, a subsidiary of LS Cable & System, has entered into negotiations to secure the land for a submarine cable project in the UK. LS Eco Energy has secured exclusive negotiation rights to lease land from the Port of Tyne in the northeast of England. The size of the project site, including the port, is approximately 154,711㎡. LS Eco Energy plans to conclude negotiations ‒ including land lease conditions ‒ within the year. (The negotiations will be conducted jointly with Global Interconnection Group (GIG), a British energy sector investment company.) LS C&S is actively pursuing the expansion of its subsea business, targeting North America, Europe, and Asia, through cooperation with LS Eco Energy and LS Marine Solutions. #LSCNS #LSEcoEnergy #submarine #cable #Project #negotiation #England #Unitedkingdom #GIG #business #energy #investment

Good news from LS Cable & System USA: #LS Cable & System #cable #system #energy #solution #partnership

Global Wind Day is a worldwide event that occurs annually on 15 June. It is a day for discovering wind energy, its power and the possibilities it holds to reshape our energy systems. LS Cable & System provides ranging from cables for wind power generation that withstand 15,000 rotations to give the best performance and submarine cables that send electric power produced in offshore wind farms to land. Learn more about our wind power solution from the link below. https://lnkd.in/g9-GEHBc #LSCNS #GlobalWindDay #Global #Wind #energy #system #renewable #submarine #cable #offshorewindfarm #electricity

LS Marine Solutions,  a subsidiary of LS Cable & System, recently signed a Memorandum of Understanding (MOU) with the Korea Research Institute of Ships & Ocean Engineering for the exploration and development of submarine resources. Beginning with the exploration of submarine minerals and gas resources, the two companies plan to cooperate on the discovery of new business opportunities and the development of new technologies. LS Marine Solutions intends to leverage its decades of experience in submarine cable construction, utilizing its accumulated expertise in seabed sediment surveying and ship operations along with its fleet of specialized vessels and underwater exploration equipment. #LSCNS #LSMS #LSMarineSolutions #MOU #Ocean #Engineering #submarine #cable #construction #exploration #development