대한전선

Taihan Cable & Solution signs an HVDC framework agreement with National Grid. (Right: Taihan Vice Chairman Song Jong-min) Taihan Signs HVDC Framework Agreement with National Grid UK- Secures participation opportunities in HVDC cable projects valued at approximately £21.3 billion (KRW 40 trillion) over up to eight years- Vice Chairman Song Jong-min visits the UK: "We will penetrate the global market with our technological expertise."- Achieves world-class underground HVDC technology; submarine HVDC cable production to commence in 2027. Taihan Cable & Solution has demonstrated its technological competitiveness in the HVDC sector in Europe, a key hub of the global power industry. The company announced on the 14th that it has signed a framework agreement with National Grid UK Limited, one of the UK’s leading power transmission and distribution companies, for high-voltage direct current (HVDC) cable systems. This agreement represents a major milestone in Taihan’s expansion into the European market. National Grid pursued framework agreements in two areas—HVDC cable systems and converter stations—to ensure a stable supply chain amid anticipated shortages in the HVDC market. The total value of the projects covered by these agreements is estimated at £59 billion (KRW 110 trillion), with more than 15 submarine and underground HVDC projects planned over the next eight years. Through this framework agreement, Taihan has secured access to business opportunities valued at approximately £21.3 billion (KRW 40 trillion) in the HVDC cable sector. The agreements were concluded with six top-tier global companies from Europe, Japan, and beyond. Taihan will be eligible to bid for 525kV and 320kV HVDC cable system projects led by National Grid from 2025 for up to eight years. A framework agreement is a long-term contract that establishes predefined conditions for the supply of goods or services over a set period, ensuring stable collaboration based on mutual trust between the buyer and supplier. To commemorate the signing of this agreement, Vice Chairman Song Jong-min personally visited National Grid’s headquarters in London last month to meet with key stakeholders and discuss future business plans. Vice Chairman Song stated, “This is a highly significant contract that validates our technological competitiveness in HVDC cable systems—an essential technology for the future power industry—in the advanced European market. We will continue to enhance the quality and reliability of our HVDC cable systems and strengthen our technological capabilities to expand business opportunities not only in Europe but also in the global market.” HVDC cable systems are a critical technology for long-distance power transmission and are in growing demand worldwide due to the expansion of renewable energy and supergrid interconnections. Due to the significant technical expertise and investment required, only a select group of global companies has successfully developed and produced HVDC cables. Taihan was the first Korean company to develop both a 500kV current-source and 525kV voltage-source HVDC underground cable system (3,000SQ, 90°C operating temperature), obtaining international certification. In September last year, Taihan further strengthened its position in the global HVDC market by securing its first 320kV voltage-source HVDC cable project in the United States. The company is also making steady progress on constructing its second submarine cable plant to support HVDC submarine cable production. In November last year, Taihan finalized the plant site in Dangjin, South Korea, further solidifying its strategic roadmap. The plant is set to begin operations in 2027, with R&D efforts focused on ensuring immediate HVDC submarine cable production upon commissioning. 

Taihan unveils key products in renewable energy and high-efficiency technology at BIXPO 2024​On the 6th, Taihan announced that it took part in “BIXPO 2024,” the Bitgaram International Expo of Electric Power Technology, held from the 6th to the 8th at the Kimdaejung Convention Center in GwangjuBIXPO is an event that showcases new technologies in the power and energy sectors, hosted by Korea Electric Power Corporation (KEPCO). With the theme “Journey to the Future of Energy,” this year’s BIXPO saw participation from more than 200 companies, both local and international. Taihan’s booth at this exhibition featured themes such as offshore wind power solutions, High Voltage Direct Current (HVDC) systems, solutions for replacing aging transmission networks, and eco-friendly power devices, highlighting many key and strategic products supplied worldwide. It also showcased research and development achievements, including new construction methods in the power sector conducted jointly with KEPCO, emphasizing its technological capabilities. Specifically, the offshore wind power solution theme was placed in the center of the booth to underline the company’s capability to manage the entire value chain of submarine cables, from design and production to transportation, installation, and maintenance. Taihan Cable & Solution exhibited submarine cables and the model of “Palos,” the only CLV for offshore wind power in Korea, and disclosed its investment plan for a submarine cable plant. Taihan also introduced latest technologies, such as the 500kV current type HVDC onshore cable system and the 525kV voltage type HVDC land cable system (3,000SQ, allowable temperature 90°C), which were developed for the first time in Korea. In addition, it exhibited solutions for replacing aging power grids, including Triplex cables and directional cable-laying devices, foreseeing sustainable growth in this field. 

1. Taihan is preparing to lay cable in the U.S.   2. Taihan is laying cables in the U.S. 3. Taihan completes certification testing for HVDC cables system at KEPCO's Power Research Institute in the Gochang Power Testing Center  Taihan Secures First U.S. HVDC Project Worth 90 Billion KRW-  Supplying 320kV HVDC and 500kV HVAC power grids to Silicon Valley and surrounding areas-  Secured all 500kV HVAC projects in the U.S., including this latest achievement-  Proves competitiveness with new orders totaling 610 billion KRW secured in the U.S. this year On 19th, Taihan Cable & Solution (CEO Song Jong-min) announced that it had been selected as the cable supplier for a 320kV VSC (Voltage Source Converter)-HVDC and 500kV HVAC power project in the United States. The contract, which was awarded by LS Power Grid California, LLC, a United States electric utility company and contemplates multiple cable orders with a currently-projected overall value of approximately KRW 90 billion, supports efforts to improve reliability of the power grid in Northern California, including regions like Silicon Valley and San Jose, which have seen a surge in electricity demand due to the recent expansion of AI(Artificial Intelligence) related businesses and other advanced IT companies. This contract marks Taihan’s official entry into the U.S. HVDC market. HVDC is a key technology for long-distance, large-scale power transmission, converting alternating current (AC) into direct current (DC) for transmission. In particular, the VSC(Voltage Source Converter)-HVDC project awarded to Taihan Cable & Solution is becoming a global trend as it allows for easier bidirectional power transmission and simpler converter station installation compared to LCC(Line Commutated Converter)-HVDC. It can also be applied to renewable energy generation, such as wind and solar power.  In fact, TSOs(transmission system operators) in Europe are increasingly adopting VSC-HVDC for many of their recent grid-connected renewable energy projects and cross-border power grid interconnection projects. Given the advanced technology required for HVDC cable systems, only a handful of companies worldwide have successfully commercialized this technology.Taihan Cable & Solution has focused on strengthening its technological capabilities in the HVDC field and previously developed South Korea's first 525kV VSC(Voltage Source Converter)-HVDC cable system, featuring a 3,000-square-millimeter cross-sectional area and a maximum operating temperature of 90°C.With this latest contract, Taihan is poised to actively pursue further HVDC projects both domestically and internationally. The 500kV HVAC cable system, designated as a national core technology, is the highest voltage among commercially available underground cables Taihan was the first company in South Korea to develop and commercialize this technology, and it has successfully secured and executed all 500kV HVAC projects conducted in North America. With this latest win, Taihan has achieved the remarkable accomplishment of carrying out all 500kV projects conducted in the U.S This achievement was made possible by demonstrating the competitiveness and technical capabilities of Taihan’s to multiple power authorities in the U.S. Anticipating the increased demand for replacing aging power grids in the U.S., Taihan has focused its efforts on the U.S. market since 2017. This strategic focus has yielded continuous success, with the company recording over KRW 610 billion (approximately $455 million) in new orders this year alone, achieving record-breaking results. A spokesperson from Taihan stated, “Extra-high-voltage power grids, such as HVDC and 500kV HVAC, require not only product supply but also highly specialized construction capabilities. Proven track records in such projects are a critical measure of success. As we continue to build on our achievements in this high-value, future-oriented market, we will further strengthen our competitive edge in the growing North American market. 

Taihan revealed they have participated in the “CIGRE 2024"Taihan revealed they have participated in the “International Council on Large Electric Systems 2024 (hereinafter referred to as CIGRE)” held from August 25th to the 30th. CIGRE is the largest global organization in the field of electric power transmission and distribution with about 100 member countries, 1,200 organizations, and over 15,000 experts. CIGRE holds biennial conferences, named Sessions, and exhibitions to share the latest technology and research achievements. In this year’s session, Taihan organized its booth under the theme of “Total Solution Provider, Across the Continents and to the Sea ” where next-generation products and anchor products were showcased including the offshore wind power solution, high-voltage direct current (HVDC) cable system, and extra high voltage (EHV) power grid system. The offshore wind power solution was prominently displayed in front of the booth, highlighting the comprehensive turn-key capabilities, from the production of submarine cables to their installation. Taihan showcased its accomplishment of supplying submarine cables to projects in Korea and overseas, as well as the only cable laying vessel (CLV) model for offshore wind power in Korea. In addition, the step-by-step investment plan for the ongoing Submarine Cable Plant. The HVDC cable system, designated as the national core technology, was also revealed. Taihan possesses advanced technologies, including the 500 kV current source HVDC land cable system, the first in Korea to be developed, and the 525 kV current source HVDC land cable system (3,000 SQ; allowable temperature of 90℃). It also introduced various EHV power grid projects carried out across Europe, the birthplace of the cable industry, including the Netherlands, Denmark, and Sweden, as well as the London Power Tunnels Phase 2 (LPT2) project, a large-scale tunnel construction project in London, UK. 

Taihan has signed a MoU with Hanwha SolutionsOn the 26th of this month, Taihan and Hanwha Solutions entered into an MOU for the joint advancement of the “Global TOP Project.”The purpose of this MOU is to form a strategic partnership geared towards future growth engines. In a bid to emerge as the top tier of global businesses, the partners have committed to working together on product development, commercialization, acquiring certifications, and expanding their market reach. To this end, both parties are determined to provide full support through their respective core capabilities and technological expertise.Together, they will focus on the development and certification of crucial materials, including cross-linked polyethylene (XLPE) insulation used in high-voltage direct current (HVDC) and submarine cables, as well as extra-high-voltage (EHV) cables. The goal is to localize the production of materials and achieve technological independence, thereby enhancing the competitive advantage of Taihan’s cable products.In addition, the companies are set to bolster their cooperation in the eco-friendly energy sector. Through strategic alliances in the offshore wind power and solar energy sectors, they plan to foster tight-knit business and information exchanges while exploring new opportunities.Song Jong-min, Vice Chairman of Taihan, expressed confidence in the company's future prospects, stating, "By forging a strategic partnership with Hanwha Solutions, a leader in the global energy and petrochemical sectors, we anticipate significant improvements in our competitive edge across all business domains." He continued, "In response to the rapidly evolving global market, we aim to elevate national competitiveness and enhance corporate value by leveraging the exceptional technological strengths of both companies, expanding our collaborative efforts to encompass the entire group."

Taihansuccessfullyoperated the booth at IEEE PES T&D​At the IEEE PES T&D, held from May 6 to 9, in Anaheim, California, USA, Taihan operated a 900-square-foot booth that showcased their various strategic products into themes such as ▲ The Aging Power Grid Replacement Solutions, ▲ Offshore Wind Power Solutions, ▲ High Voltage Direct Current (HVDC) Systems, ▲ Communication Cable Solutions, etc. and introduced over 30 different products. Taihan placed the aging power grid replacement solutions that attracted a lot of attention at the front of their booth. In the Offshore Wind Power Solutions section, they introduced a variety of submarine cables and cable-laying vessels (CLVs) supplied to domestic and international projects, along with disclosing the investment and production plans of their submarine cable plant in stages.​ 

Taihan will establish a HVDC cable test facilityTaihan has announced plans to actively respond to the growing global demand by setting up a specialized test facility for 640kV HVDC (High Voltage Direct Current) cables.  The dedicated test facility will be built on approximately 7,000 square meters (about 2,120 pyeong) of unused land at the Dangjin factory, which is one of Taihan's main production sites. The construction aims to be completed within the first quarter of next year, with a total investment of about 20 billion won. Taihan plans to equip the facility to simultaneously test two lines of HVDC cables, including both  land and submarine cables. Specifically, the facility will be capable of conducting long-term reliability tests (PQ Test), which can take more than a year, and Temporary Over Voltage (TOV) tests, recently adopted as a mandatory test item for international HVDC cables. This will complete the infrastructure needed to perform internationally recognized certifications.  

​Photo caption)Taihan conducts a certification test at KEPRI Gochang Power Test Center with the participation of KEMA Laps“First in Korea to be Certified in 90℃ Allowable Conductor Temperature”Taihan Completes the Development of 525kV VSC HVDC and Obtains International Certification- Ideal for long-distance transmission and renewables, driving demand in the U.S., Europe and beyond- Diversified HVDC portfolio to find business opportunities in various projects- Plans to focus on ensuring technology and business competitiveness in response to market expansionTaihan Cable & Solution has successfully developed the world's most advanced HVDC cable.Taihan (CEO Song Jong-min) announced on August 2 that it has completed the development of a 525kV VSC (Voltage Source Converter) HVDC (High Voltage Direct Current) land cable system and obtained internationally recognized certification. This was achieved in approximately eight months following the company's successful development of the first 500kV LCC (Line Commutated Converter) system in Korea last December.525kV is the highest voltage of HVDC cable commercialized to date, and only a few global companies have the technology due to the difficulty of development. In this development, Taihan designed the conductor cross-sectional area of the cable to be 3,000㎟ and raised the allowable conductor temperature of the conductor to more than 90℃ to achieve internationally recognized certification.The larger the cross-sectional area of the conductor and the higher the allowable conductor temperature, the more current it can carry, which is advantageous for large-scale power transmission, but Taihan is the only company in Korea to be certified with an allowable conductor temperature of over 90℃ for a 3,000㎟ conductor. It is not easy to find successful development cases overseas, so Taihan is credited with taking HVDC cable technology to the next level.HVDC is a method of converting alternating current (AC) power generated by power plants into direct current (DC) and transmitting it, and is considered a key technology for long-distance, high-capacity power transmission. According to the conversion method, it is divided into Voltage Source Converter (VSC) and Line Commutated Converter (LCC), and VSC is becoming a global trend because it can be transmitted in both directions and converter stations are easy to install. As the application of HVDC in renewable energy generation, such as wind and solar power, is actively expanding, the demand is expected to increase.In fact, transmission system operators (TSOs) in Europe are adopting voltage-type HVDC for many of their recent grid-connected renewable energy projects and cross-border supergrid projects.An official from Taihan said, "Following the certification of 500kV LCC HVDC cables for the first time in Korea, we have secured unrivaled technological competitiveness in 525kV VSC HVDC cables." "As investment in power infrastructure expands worldwide, especially in developed markets such as the United States and Europe, we will be able to secure business opportunities in various HVDC projects.""Once the submarine cable plant under construction in Dangjin, Chungcheongnam-do, is completed, we will accelerate the development and certification of submarine HVDC cable systems. As the HVDC market continues to expand in the medium to long term, we are committed to ensuring our technological and business competitiveness.According to industry estimates, the global market for HVDC cables will expand from KRW 70 trillion in 2020 to KRW 159 trillion in 2030.Meanwhile, in anticipation of the expanding demand for HVDC, Taihan has selected HVDC cables as a key driver and has made efforts to develop them. After successfully developing 500kV MI-PPLP (Mass Impregnated cables insulated with polypropylene laminated paper) HVDC cables in 2017, it successfully developed 500kV XLPE voltage and current HVDC in 2022.