LS Electric secures $138.7 mil. transformer deal in US

LS Electric has secured a $138.7 million contract with Bloom Energy to supply power equipment for a data center in Pennsylvania. This deal is significant for the Korean electrical equipment maker as it marks the company's cumulative orders from Bloom Energy exceeding $500 million since April last year. The contract will see LS Electric supply high-voltage switchgear and distribution transformers for the data center's fuel cell-based on-site power generation project. This order will likely boost LS Electric's revenue and contribute to the growth of the global electrical equipment market.

Why it matters

LS Electric has secured a major contract to supply switchgear and transformers to Bloom Energy. This deal is expected to boost LS Electric's revenue and increase its presence in the US market.

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