Samsung C&T has signed a strategic partnership with Swiss-based Hitachi Energy to expand its footprint in the high-voltage direct current (HVDC) market, targeting projects in the Middle East, Southeast Asia, and Europe.
The collaboration combines Samsung C&T’s engineering, procurement, and construction (EPC) capabilities with Hitachi Energy’s expertise in HVDC technology, positioning the South Korean construction giant as a key player in the growing energy infrastructure sector.
Samsung C&T is already involved in the UAE’s submarine HVDC project, valued at $2.4 billion, where it is responsible for supplying and installing power converter stations.
The agreement, signed at Hitachi Energy Korea’s headquarters in Seoul, is expected to strengthen their global cooperation in large-scale power transmission projects.
“Through this agreement, we anticipate enhancing the innovation capabilities of both companies and pursuing mutual growth,” said Kim Sung-jun, Vice President and Head of Samsung C&T’s Sales Team.
Choi Seok-hwan, President of Hitachi Energy Korea, added, “This partnership positions us to lead the global ultra-high voltage direct current transmission market, which is crucial for enabling sustainable and stable energy systems.”
HVDC technology, which converts alternating current into high-voltage direct current for efficient long-distance power transmission, is critical to addressing the growing energy demands of data centers, AI infrastructure, and renewable energy integration.
With the global HVDC market expected to reach $111 billion by 2030, this partnership aligns with the increasing need for reliable energy solutions amid the transition to clean power sources.
The move underlines Samsung C&T’s commitment to diversifying its portfolio and playing a key role in the global energy transition by leveraging its engineering strength and strategic alliances to secure new opportunities.
