South Korea: HD Hyundai Electric has secured a long-term power infrastructure supply agreement worth up to $720 M (1.12 T won) with a global Big Tech company.
Under the framework agreement, the company will supply equipment for data centres under construction across North America through 2028. The package includes distribution equipment worth $356 M (553.9 B won) and high-voltage equipment worth $365 M (567.3 B won). Individual purchase orders will be issued in phases, depending on the customer’s construction schedule.
The agreement covers an integrated package of power infrastructure equipment rather than individual products. HD Hyundai Electric will provide distribution equipment used to safely distribute electricity within facilities, as well as high-voltage equipment used to regulate voltage and support efficient transmission and distribution.
According to the company, supplying both categories as a package can improve compatibility across the power system and reduce risks related to delivery schedules, quality control and after-sales service.
The deal comes as demand for data centre power infrastructure continues to grow, driven by artificial intelligence and the expansion of hyperscale facilities. This is increasing investment in transformers, switchgear, circuit breakers and other electrical equipment.
According to the International Energy Agency, global electricity consumption by data centres is projected to rise from 415 TWh in 2024 to 945 TWh by 2030. In the United States, data centres are expected to account for around half of the increase in electricity demand through 2030.
HD Hyundai Electric said the agreement confirms the competitiveness of its distribution and power equipment for data centre applications.
Source: The Korea Times
