HD Hyundai Electric lands $720 mil. power deal with global Big Tech firm

HD Hyundai Electric has secured a power infrastructure supply agreement worth up to 1.12 trillion won ($720 million) with a global Big Tech company, strengthening its foothold in the fast-growing North American data center market as artificial intelligence (AI) fuels surging demand for electricity infrastructure. Under the long-term framework agreement, HD Hyundai Electric will supply distribution equipment worth 553.9 billion won and high-voltage equipment worth 567.3 billion won to data centers under construction across North America through 2028. Individual purchase orders will be issued in phases according to the customer's construction schedule. The deal is significant because it goes beyond supplying individual products, covering an integrated package of power infrastructure equipment required to operate large-scale data centers. The company will provide both distribution equipment, which safely distributes electricity throughout a facility, and high-voltage equipment, which regulates voltage and ensures efficient transmission and distribution of electricity. Supplying both produc