LS Eco Energy Targets Vietnamโs Growing Power Needs
LS Eco Energyย (a subsidiary of LS Cable & System) signed a business agreement with the Institute of Energy of Vietnam (IEV), which operates under Vietnam Electricity Authority (EVN), to collaborate on a superconducting cable project in Vietnam. The company recently rebranded from LS Cable & System Asia to LS Eco Energy to focus on new businesses in submarine cables and rare-earth elements.
Superconducting Cables and LS Eco Energyโs Technology
LS Eco Energy and IEV plan to build a cooperative framework to apply superconducting cables to Vietnamโs power grid and pursue new project opportunities. Superconducting cables, which LS Cable first commercialized in South Korea in 2019, use the superconducting phenomenonโwhere electrical resistance disappears at low temperaturesโto maximize power transmission efficiency.
When utilities need to expand power capacity because of overload, they can replace conventional cables with superconducting cables and increase transmission capacity by more than five times. This upgrade allows grid operators to boost capacity without building entirely new transmission corridors.
Lower Construction Costs and Reduced Environmental Impact
Superconducting cable systems also lower construction costs for new cities. Traditional electrical ducts often measure about three meters in height, while superconducting systems can use conduits closer to one meter. This change can reduce duct construction costs to less than oneโtwentieth of current levels.
Because superconducting cables carry more power in a smaller footprint, utilities can build fewer and smaller substations and transmission towers. As a result, the technology reduces land use, visual impact, and overall environmental footprint in urban and suburban areas.
Vietnamโs Rising Power Demand Creates Opportunity
According to IEV, Vietnam expects a sharp increase in power demand and consumption over the next decade, which will directly affect the countryโs energy security. Government forecasts indicate that national power consumption could grow by 10โ12% annually through 2030, making Vietnam one of the fastestโgrowing power markets in Asia.
LS Eco Energyโs superconducting cable solutions can help Vietnam handle this rapid growth by increasing transmission capacity in dense urban areas and limiting the need for large new infrastructure. The partnership with IEV positions LS Eco Energy to support Vietnamโs longโterm energy transition and grid modernization plans.
