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LS Eco Energy to promote superconducting cable business in Vietnam 2024-04-02

Photograph) Lee Sang-ho, CEO of LS Eco Energy (right), and IE Director Tran Ky Phuc taking a commemorative photo after signing the ‘MOU on a superconducting cable business’ at the Institute of Energy (IE) under Vietnam Energy (EVN) on the 1st. 

■ Signed MOU with EVN IE on commercialization of superconducting cables
■ First successful commercialization in world by LS Cable & System in 2019, increasing transmission volume by more than five times
■ Urbanization and construction of large-scale data centers expected to worsen power shortages

LS Eco Energy is pursuing the commercialization of superconducting cables in Vietnam. 

LS Eco Energy (CEO Lee Sang-ho) announced on the 2nd that it has signed an MOU with the Institute of Energy (IE) under Vietnam Energy (EVN) on a superconducting cable business.

The two parties plan to establish a mutual cooperation system and explore business opportunities to apply superconducting cables to Vietnam's power grid.

LS Cable & System became the first company in the world to commercialize superconducting cables in 2019 at the Heungdeok-Singal substation section in Yongin-si, Gyeonggi-do. This remains the only track in commercial operation in the world.  

Superconducting cables utilize the phenomenon of superconductivity, in which electrical resistance disappears at low temperatures, to maximize transmission efficiency. If power expansion is required due to an overload, the transmission capacity can be increased by more than five times by simply replacing cables. 

In addition, when building a new city, civil engineering costs can be reduced to less than 1/20 by replacing power conduits that are about 3 m high with pipes that are about 1 m. This can minimize environmental impacts by preventing electromagnetic waves and reducing the size and number of substations and transmission towers.

“In Vietnam, electricity shortages will worsen due to urbanization and the construction of large-scale data centers by global companies,” said Lee Sang-ho, CEO of LS Eco Energy. “We will expand our business based on LS Cable & System’s technical capabilities and LS EcoEnergy’s local experience.”