Hyosung Heavy Industries announced a roadmap to localize its high-voltage direct current (HVDC) technology by next year, aiming to secure sovereignty in the domestic power grid and enhance export competitiveness.
Hyosung Heavy Industries has revealed its plan to develop and localize high-voltage direct current (HVDC) technology, which has traditionally depended on foreign entities. The company aims to achieve this localization by next year, thereby bolstering South Korea’s energy sovereignty and preparing for enhanced competitiveness in global export markets. This effort comes amidst the government’s initiative to create a 'West Coast Energy Highway,' which will facilitate the transmission of renewable energy from the Jeolla region to metropolitan areas.
On June 25th, Hyosung held a meeting in Mapo, Seoul, with experts from Korea Electric Power Corporation, the electrical industry, academia, and research institutions to discuss the current status of their HVDC technology's localization efforts. The firm highlighted its progress in developing key components like the converter valve and control systems for a 2-gigawatt HVDC system. This form of HVDC technology is critical for efficient energy control and stability, especially when integrating renewable energy sources into the national grid.
Hyosung aims to complete the design and development of its enhanced 2-gigawatt HVDC system by 2027, with intentions to commence mass production by 2029. The company anticipates that localizing HVDC technology will not only establish a robust domestic energy infrastructure but also pave the way for global market entry, thereby supporting the government’s goal of constructing the HVDC transmission network by 2030, which is fundamental for utilizing renewable resources like wind and solar power.
