GE Vernova and LS Electric agree joint venture to push VSC-HVDC in Korea

GE Vernova and LS Electric signed an agreement in Paris to form a joint venture around voltage-sourced converter HVDC technology. The companies describe the business as a core part of Korea's next-generation power grid. The release did not give the ownership split, investment size or targets.

• Partners: GE Vernova and LS Electric
• Focus: VSC-HVDC technology for Korea's grid, a key part of the grid build-out
• No ownership split, capital commitment or revenue target disclosed