Bloom Energy

LS Electric signed a 319 billion won ($216 million) contract with Bloom Energy to supply power distribution systems for a large data center in New Mexico. The facility is being developed for an undisclosed major global technology company. LS Electric will provide switchgears and transformers critical to 24/7 operations. The company also secured a separate 170 billion won data center contract earlier in April. LS Electric is expanding U.S. production in Utah and Texas to improve delivery times. Electrical infrastructure vendors and subcontractors should monitor this growing pipeline of LS Electric projects in North America.