LS Cable & Systems focuses subsidiaries on offshore wind
LS Cable Expands Offshore Wind Power Ventures
LS Cable & System, a leading electrical cable provider based in South Korea, is set to enhance its footprint in the offshore wind market through its subsidiaries. The company aims to bolster its competitiveness across the entire offshore wind power industry value chain, while also expanding its eco-friendly energy portfolio. This strategic move encompasses various aspects, including submarine cable production, construction, core component supply, and maintenance services.
Strategic Expansion Across Subsidiaries
LS Cable’s expansion strategy involves several of its subsidiaries, including Gaon Cable, LS Eco Energy, LS Materials, and LS Marine Solution. Each subsidiary will play a crucial role in strengthening the company’s position in the offshore wind sector. For instance, LS Materials is set to supply ultracapacitors for the pitch control systems of wind power generators. This is vital for the stability of renewable energy power grids, ensuring efficient energy distribution.
Gaon Cable and LS Eco Energy will focus on expanding their submarine cable business, alongside investments and operations related to offshore wind power. Their efforts will enhance the infrastructure necessary for harnessing wind energy effectively. Meanwhile, LS Marine Solutions will leverage its expertise in ship operations to support offshore wind power and marine plant initiatives.
With a proven track record, including the establishment of Korea’s only high-voltage direct current (HVDC) submarine transmission network, LS Cable & System is poised to lead the offshore wind power market. The company’s commitment to innovation and sustainability positions it as a key player in the transition towards renewable energy sources.
