GE Vernova and LS Electric form HVDC joint venture in South Korea

GE Vernova Inc. (NYSE: GEV) announced it has signed an agreement with LS Electric to establish a joint venture focused on Voltage-Sourced Converter High-Voltage Direct Current (VSC-HVDC) technology, according to a company press release.

The joint venture is aimed at expanding GE Vernova's presence in South Korea's power grid sector, where VSC-HVDC systems are considered a component of the country's next-generation electricity infrastructure.

You May Also Be Interested In

• U.S. and Denmark close in on a Greenland deal - Reuters
• Empire Petroleum (EP) files $150M mixed shelf
• Teva shares Phase 3 data on once-monthly schizophrenia injection