LS Cable & System will supply submarine cables to the western region of the United States.
LS Cable & System announced it had signed a contract worth about $84 million with LS PowerGrid California, a U.S. power transmission network operator on the 2nd.
The project is part of an effort to stabilize the power network in the western U.S. region. The cables will be installed in the Sacramento River in northern California and used to transmit electricity from the Pacific Northwest to California.
California plans to invest approximately $6.1 billion by 2035 to build 26 new power transmission networks and over 85 gigawatts (GW) of renewable energy.
An LS Cable & System official said, “We will expand our market by strengthening cooperation with our customers in line with California’s plan to build an extensive renewable energy transmission network.”
The U.S. submarine cable market is set to keep growing driven by the replacement of old cables, the evolution of renewable energy, and increased electricity demand due to AI and electric vehicles.
LS Cable & System has been expanding its global submarine business by promoting local production in the U.S., U.K., and Vietnam through its subsidiaries LS GreenLink and LS Eco Energy.
LS Power is an energy infrastructure development and investment company that carries out major energy projects across North America. It was founded in New York in 1990.
