Hyosung Heavy Industries Expands Order Footprint Across the European Power Market

Hyosung Heavy Industries Expands Orders Across the European Power Market with Unique Technological Capabilities

Hyosung Heavy Industries is expanding its order footprint across Europe, the birthplace of power infrastructure, leveraging its unique technological capabilities.

This month, the company secured orders worth over 230 billion for extra-high voltage power equipment from major European countries including the U.K., Sweden, and Spain, demonstrating strong market trust. Observers note that this success reflects Chairman Cho Hyun-joon’s “technology-driven management,” which overcame the challenging entry barriers of the European market.

Hyosung Heavy Industries: ‘Key Partner’ in the U.K. Power Grid with Leading Market Share in Extra-High Voltage Transformers

On the 22nd, Hyosung Heavy Industries announced that it had signed a supply contract with Scottish Power Energy Networks (SPEN), a U.K. power grid operator based in Scotland, for extra-high voltage transformers worth approximately 120 billion.

The U.K. is a region with high demand for power equipment connected to renewable energy within Europe. Through the transformers supplied under this contract, Hyosung Heavy Industries will support key wind power projects that help implement the U.K.’s Net Zero Plan.

Since entering the U.K. market in 2010, Hyosung Heavy Industries has been recognized over the past 15 years as a total solution provider, offering product supply, customer-tailored design, and maintenance services. In particular, it has maintained the top market share for extra-high voltage transformers in the U.K. since 2022.

Building an Order Portfolio Across Europe: Sweden, Spain, and Beyond

Hyosung Heavy Industries continues to expand its order footprint into Sweden, Spain, and other European countries.

This month, it secured an order for extra-high voltage transformers worth approximately 50 billion from a major distribution operator in Sweden, with whom it has maintained a partnership since last year. Earlier this month, the company also won an order for extra-high voltage transformers in Norway, continuing to achieve strong results across the Nordic market.

Additionally, Hyosung Heavy Industries signed supply contracts worth approximately 60 billion for transformers and reactors with major Spanish power and energy companies. This marks the company’s first achievement in Southern Europe, contributing to the establishment of a comprehensive order portfolio across Europe.

Successful Short-Circuit Testing in France Confirms Top-Level Stability in Europe

Europe is a high-end market dominated by global advanced competitors, where entry is impossible without unique technology. Hyosung Heavy Industries once again demonstrated its technical reliability by successfully completing a short-circuit test for an extra-high voltage transformer conducted by France’s transmission operator RTE this year.

The short-circuit test is a rigorous stability verification procedure that evaluates whether a transformer functions normally under extreme electrical loads. The tested transformer is a 600MVA extra-high voltage unit—the largest capacity in France—capable of supplying electricity to over 500,000 households. Because larger transformer capacities exponentially increase the electrical load they must withstand, passing this test confirms that Hyosung Heavy Industries meets Europe’s highest stability standards.

Chairman Cho Hyun-joon’s ‘Technology-Driven Management’ Leads to European Market Success

Observers attribute the success in the European market to Chairman Cho Hyun-joon’s “technology-driven management,” which encouraged conservative local customers to select Hyosung Heavy Industries as a long-term partner.

Chairman Cho has consistently emphasized, “Products with outdated technology or defects are never acceptable. Power equipment has a long service life, and we must provide customers with unwavering trust through unmatched technological capabilities.”

Meanwhile, the European power market is expected to grow rapidly, exceeding $6–7 billion annually by 2030, driven by the energy transition to achieve carbon neutrality and the replacement of aging power grids, with an annual growth rate exceeding 5%. In particular, European countries are accelerating investments in power infrastructure to achieve national energy transformation goals, such as the U.K.’s plan to expand offshore wind capacity to 50GW.