01-05-2025
LS Cable & System named top supplier at US offshore energy conference
LS Cable & System, a Korean grid facility manufacturer, has been recognized as a top supplier at the Americas' largest conference for offshore wind power generation and ocean renewable energy, it said Thursday.
The company received the Supply Chain Advancement Award on Tuesday at the International Partnering Forum 2025 in Virginia Beach, Virginia. It is the first time a Korean company has been honored with the recognition.
The award recognizes LS Cable & System's expertise in submarine cables, its investment in US-based production facilities and its efforts to strengthen strategic partnerships with local companies, the company said.
The company is building a new plant in Chesapeake, Virginia, which is set to become the largest submarine cable manufacturing facility in the US upon completion in 2027, following its investment of $681 million.
LS Cable & System CEO Koo Bon-kyu also participated in an interview during the forum's opening plenary, becoming the first Korean to take part in the session.
He shared insights on the long-term growth potential of offshore wind power and the strategic importance of transitioning to a diversified energy mix.
'Offshore wind power is a long-term endeavor that cannot be properly appreciated with a short-sighted view,' said CEO Koo.
'In the short term, the market may experience fluctuations, but we are confident that the offshore wind sector will continue on a long-term growth trajectory. This outlook was a key factor behind our recent large-scale investment in Virginia.'
