South Korea’s LS Cable announced that it has signed a framework contract with the U.K.’s National Grid for the future supply of HVDC (High Voltage Direct Current) cables, a massive project that will require multiple cable suppliers.

A press release explained that the framework contract was established to pre-select key suppliers before the commencement of individual projects and to create a long-term partnership. In addition to LS Cable, six other companies from Europe and Japan are involved. Specific contracts for other projects will be signed in the future.

The National Grid, which is responsible for managing Britain’s electricity network, has ambitious plans for large-scale transmission infrastructure in mainland Britain and the North Sea region. Over the next eight years, it plans to undertake cable supply and installation for 15 projects, allocating a budget of approximately £21.3 billion.

Through this contract, LS Cable will participate in upcoming projects, supplying and installing offshore and underground HVDC cables, as well as carrying out connection works. “Only six companies, including LS Cable, have experience supplying HVDC cables worldwide, making us the sole provider in South Korea,” said an official from LS Cable. “The current supply is insufficient to meet demand, prompting companies in various countries to proactively secure supply volumes.”

In other news, LS Cable announced that it and LS Marine Solutions have signed a memorandum of understanding (MOU) with British marine engineering company Balmoral Comtec for collaboration on the floating offshore wind power project.

A press release said that Balmoral Comtec, a leading energy company, provides cable protection systems, buoyancy solutions, and submarine infrastructure for the offshore wind power and marine energy industries. LS Cable & System is the first in Korea to develop a dynamic cable for floating offshore wind power that operates stably even in harsh marine environments. “Under this partnership, we aim to collaborate with Balmoral Comtec to build a safe operation system for floating offshore wind power cables, optimized for extreme marine conditions.”

LS Marine Solutions Co. will support this collaboration by enhancing the installation and operational efficiency of the cables and ensuring stable maintenance.