LS GreenLink Expands Global Cable Manufacturing
LS GreenLink, a subsidiary ofย LS Cable & System Ltd., plans to build aย high-voltage submarine power cable plantย in theย United States. The project forms part of the companyโs long-term strategy to expand its global manufacturing capabilities and strengthen its foothold in the offshore energy sector.
Driving Early Market Advantage
The company did not disclose details about the plantโs exact size or workforce. However, LS GreenLink aims to capitalize on itsย early entry into the U.S. submarine cable market. Currently, only one European company operates such a facility in the country. By entering early, LS GreenLink expects to gain aย strong competitive edgeย while also exploring opportunities to build similar plants inย Europeย andย Vietnam.
Backed by U.S. Department of Energy Support
Theย United States Department of Energy (DOE)ย awarded LS GreenLink aย $99.06 million investment tax creditย under Section 48C of theย Inflation Reduction Act of 2022. This funding will accelerate the project and help the company respond to the growing global demand for submarine power cables.
Daniel Ko, head of LS Cable & Systemโsย Global Submarine Cable System Division, explained that the DOE support will allow LS GreenLink to address keyย supply chain challengesย affecting the U.S. offshore wind industry. โThis investment positions LS GreenLink to help meet increasing market needs while boosting U.S. manufacturing capacity,โ he said.
Strengthening Offshore Wind Infrastructure
The new plant will play a vital role in expanding Americaโs offshore wind capabilities. LS GreenLink plans to deliver advanced cable solutions that enable large-scale renewable projects and energy transmission networks. The investment also supports the companyโs goal to become aย global leader in submarine power systems.
Continuing a Global Growth Strategy
With overย 6,450 employeesย andย 35 subsidiaries in 17 countries,ย LS Cable & Systemย continues to grow worldwide. The company is now in theย final stages of reviewing the site and investment scaleย for its new U.S. factory. Once complete, theย LS GreenLink projectย will strengthen both the companyโs supply chain and the domestic offshore wind industry.
