Original Korean article: 에너지신문
LS Cable's subsidiary companies LS Eco Energy and LS Marine Solutions achieved record first-half revenues, driven by expanding AI data center demand, global power grid investments, and growth in the offshore wind market.
LS Marine Solutions reported first-half revenue of 148.2 billion won, with major contributions from Taiwan Power's offshore wind subsea cable project and Asia-Pacific submarine communication cable projects. The company is capitalizing on increased global demand for submarine cables as countries invest in renewable energy infrastructure and international connectivity.
LS Marine Solutions maintains a substantial order backlog of 660 billion won, including major projects such as the Sinan Ui and Taean offshore wind developments, as well as West Coast HVDC energy corridor construction. These projects position the company to benefit from South Korea's expanding offshore wind capacity and regional energy infrastructure investments.
The strong performance of LS Cable's subsidiaries reflects broader market trends, including the surge in power infrastructure investment driven by AI data center expansion globally and the accelerating transition to renewable energy sources across Asia and beyond.
