LS GreenLink USA, Inc., a wholly owned subsidiary of South Korea’s LS Cable & System Ltd. (LS C&S), on April 28 held the official groundbreaking ceremony at its new submarine power cable manufacturing facility on a 97-acre site in Chesapeake, Virginia.

A press release said that the company plans to invest more than $680 million in the new facility as part of its long-term global expansion strategy. The plant is expected to be operational by the end of 2027, with full operations beginning in early 2028. The project is anticipated to create more than 330 new jobs in its first phase, with future expansion possible.

LS C&S anticipates the U.S. subsea cable market will grow more than 30% annually over the next decade. The company said the new plant will provide end-to-end capabilities in high-voltage direct current (HVDC) subsea cable manufacturing, transportation and supply.

“The construction of the LS GreenLink plant is a turning point for LS Cable & System to become a global energy infrastructure company,” said LS C&S XEO Koo Bon-kyu.

In March 2024, the project was awarded $99 million in investment tax credits under Section 48C of the Inflation Reduction Act of 2022, also known as the “Qualifying Advanced Energy Project Credit Program.” Other cable manufacturers have also qualified, including Hellenic Cables Americas, which was awarded a tax credit allocation in 2024 of up to $58 million for its planned cable manufacturing facility in Baltimore, Maryland.

In 2022, Prysmian announced similar plans to build a cable plant in Somerset, Massachusetts but canceled that in January 2025. While multiple reports cited the Trump administration’s executive orders halting new offshore wind permits as a key factor, Prysmian publicly stated that its decision was unrelated to political changes.