1 week Ago By Jung So-yeon
LS ELECTRIC is advancing its next-generation solutions to target the ASEAN power infrastructure market. The company will participate in the '2024 Electric Energy Show' from September 25 to 27, held at the Binh Duong New City International Trade Center in Binh Duong Province, Vietnam. At this exhibition, LS ELECTRIC will showcase their strategic products across three themes—power optimization solutions, carbon neutrality, and digital transformation—with a 15-booth setup.
They plan to highlight smart distribution solutions optimized for renewable energy generation, emphasizing comprehensive solutions for power systems. The company will also introduce the next-generation energy storage system (ESS) platform, which combines power conversion technology with motor control technology to focus on reducing energy consumption. A key feature of their product is the Power Electronic Building Block (PEBB), which can be modularly assembled in 200kW units for independent operation.
LS ELECTRIC will also display a range of energy optimization solutions based on IoT digital technologies, including a digital twin smart factory platform, asset management system, and energy efficiency management platform. The Vietnamese government plans to increase the share of renewable energy to 21% by 2030 according to its 8th Power Development Plan. LS ELECTRIC has been active in Vietnam since the mid-1990s, holding over 40% market share in the low-voltage power equipment market and recently expanding into high-end products like ultra-high voltage GIS.
An LS ELECTRIC representative stated, "We aim to strengthen our number one market share in Vietnam, a key market in the K-power Big 3, and leave a strong impression on our ASEAN region customers.".
