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Photo 1. Taihan and SuperNode signed an MOU for the development of next-generation superconducting cables. (From left: Taihan Vice Chairman Song Jong-min, SuperNode CEO John Fitzgerald) Photo 2. Representatives from Taihan and SuperNode pose for a commemorative photo following the MOU signing. (Front row, from left: Taihan Vice Chairman Song Jong-min, SuperNode CEO John Fitzgerald)​   Taihan Signs MOU with SuperNode to Co-Develop Next-Generation Superconducting Cables, Advancing Future Grid Technologies- Partners with the Irish cable company SuperNode to develop high-performance superconducting cables through collaboration in design, manufacturing, and materials- Achieves significant improvements in efficiency and ease of installation compared to conventional superconducting cables- Vice Chairman Song Jong-min stated, “We will lead the global superconducting cable industry through technological advancement” Taihan has established a strategic partnership with the global superconducting cable company SuperNode to co-develop next-generation superconducting cables, thereby solidifying its position as a leader in future power infrastructure solutions. On June 17 (local time), Taihan signed a Memorandum of Understanding (MOU) with the Irish cable firm SuperNode in London, UK. The signing ceremony was attended by over 20 representatives from both companies, including SuperNode CEO John Fitzgerald, CTO Andrew Carlisle, Taihan Vice Chairman Song Jong-min, and Nam Jeong-se, Executive Director of the Global Energy Division. Headquartered in Dublin, SuperNode specializes in the development of superconducting cable systems for transmission, distribution, and data center applications. The company possesses proprietary design technology that significantly enhances efficiency and simplifies installation compared to traditional superconducting cables. By adopting innovative polymer-based materials instead of conventional stainless-steel corrugated sheaths, SuperNode’s technology reduces cooling losses and extends the installation interval of cooling systems by more than five times—improving operational efficiency and reducing costs. This MOU aims to establish a collaborative framework for the joint development and production of advanced superconducting cables. Taihan and SuperNode will collaborate closely across design, manufacturing, and materials, strengthening technological competitiveness through extensive technical exchanges, including the sharing of cable technology. Additionally, the companies will explore opportunities for joint participation in global superconducting cable projects. “We are very pleased to collaborate with Taihan in preparing for the large-scale production of next-generation superconducting cables,” said SuperNode CEO John Fitzgerald. “By combining Taihan’s over 80 years of manufacturing excellence with our innovative design technology, we anticipate accelerating the commercialization of high-capacity superconducting cables that will facilitate electrification in renewable energy and data center markets.” Vice Chairman Song Jong-min stated, “Through the integration of Taihan’s cable manufacturing expertise with SuperNode’s advanced superconducting design capabilities, we are confident in our ability to enhance our global competitiveness in the superconducting sector. We will continue to lead the growth of the global superconducting cable industry through technological advancements.” Superconducting cables utilize specialized materials that demonstrate zero electrical resistance when cooled below a specific temperature, serving as an alternative to traditional copper conductors. In comparison to copper or aluminum cables, superconducting cables provide significantly enhanced power transmission efficiency. Unlike conventional cables, which necessitate higher voltages to transport large currents, superconducting cables can transmit high-capacity currents at lower voltages, establishing them as a fundamental technology for next-generation power infrastructure.​

Taihan signed an MOU with Ocean Winds to collaborate on the Offshore Wind Power ProjectOn the 27th, Taihan signed an MOU with Ocean Winds (OW), a Spanish company specializing in offshore wind power generation, to collaborate on the 1,125MW “Hanbando Offshore Wind Power Project ” in the Incheon exclusive economic zone. The two parties will leverage this agreement to amplify synergies in the Hanbando Offshore Wind Power Project and explore diverse avenues for joint growth. They agreed to cooperate in various fields, including stabilizing the supply chain of submarine cables, identifying market trends, and exchanging information related to the project. Furthermore, they plan to maintain a close partnership in the mid-to-long term, enhance personnel exchanges, and extend the scope of cooperation. This MOU was concluded during the “APAC Wind Energy Summit,” the first international offshore wind power exhibition in Korea, held in Songdo, Incheon, from November 26 to 28. 

Taihan Strengthens Partnership with Hyosung to Target the 'Next-Generation Power Market'​Taihan announced on the 22nd that it had signed a memorandum of understanding (MOU) with Global Top-Tier Hyosung Group​ for “technical cooperation in the power industry and discovery of new business models.” Taihan seeks to forge a strategic partnership with Hyosung Group through this MOU, striving to boost its competitive advantage in the power industry. The plan is to combine the core strengths of each company to jointly develop new technologies and materials while extending their reach into the global market. Taihan will jointly work on enhancing an AI-powered asset management system for power infrastructure with Hyosung Heavy Industries​. With the integration of Taihan’s partial discharge condition monitoring system and Hyosung Heavy Industries’ asset remote management system (ARMOUR plus), they are set to unveil an enhanced solution for power infrastructure management. This safety diagnostic solution enables real-time monitoring of the entire power system, including various electrical facilities and connecting cables, allowing for the early detection of abnormalities and prevention of failures. As the rising global power demand drives the growth of the asset management market focused on minimizing power infrastructure failures, various business opportunities are expected to emerge. Also Taihan will collaborate on the joint development and commercialization of eco-friendly new materials with Hyosung Chemical​. In particular, the plan involves developing eco-friendly polypropylene (PP) material, which is gaining attention as a next-generation cable insulation material, in order to achieve localization and boost their competitive edge in the global arena. With a simpler production process than traditional XLPE-insulated cables, PP cables enable effective power transmission and are considered suitable for HVDC, a key facility for efficient long-distance transmission. Being a thermoplastic resin, the PP cables are recyclable post-use and have minimal CO2 emissions during the production process, driving high demand in advanced markets like Europe, where carbon neutrality standards are stringent.

Taihanhas signed aMOU with Balfour Beatty​​Taihan Cable & Solution announced on November 24 that it has signed a memorandum of understanding(MOU) with Balfour Beatty, a global infrastructure group based in the United Kingdom, to establish a partnership in the underground power transmission and distribution business. The two companies will jointly participate in various power transmission and distribution projects in the UK totaling more than £220 million until 2030. They also plan to collaborate further in technology sharing and business support.​ 

Taihan has signed an MOU related to wind power generation projectsOn the 28th, Taihan, along with its parent company Hoban E&C Co., Ltd. and Dream Engineering, a specialist company in renewable energy development, as well as Hana Bank, signed an agreement on joint development for a domestic wind power generation project. Through this agreement, we will collaborate on the development of onshore and offshore wind power projects and plan to proceed with projects based on future joint development agreements. We aim to become a leading company in the era of renewable energy through continuous investment and business expansion efforts​