{"slug":"ls-electric","name":"LS일렉트릭","name_en":"LS ELECTRIC","ticker":"010120.KS","updated_at":"2026-07-12T04:02:58.465+00:00","canonical":"https://valuechain.wiki/ls-electric","citable":"밸류체인 그래프 기준 LS일렉트릭의 직접 연결 기업은 4곳(관계 기준 공급 0·매출 4)이고, 사슬을 2차까지 넓히면 12곳에 닿는다. 링크의 근거 출처는 6건이며 그중 1차공시가 3건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, LS ELECTRIC is directly linked to 4 companies (0 supply, 4 revenue relationships) and reaches 12 companies within two hops; the links are backed by 6 dated sources, 3 of them primary filings (as of 2026-07-12).","kicker":"코스피 · 전력기기 · 초고압 변압기·데이터센터 전력","kicker_en":"KOSPI · power gear · HV transformers & datacenter power","lead":"전력기기와 산업자동화를 만드는 회사다. 배전반과 수배전 설비, 초고압 변압기, 스마트그리드 솔루션을 공급한다. 최근에는 북미 데이터센터 전력설비 시장에서 수주가 빠르게 늘고 있다. 2026년 4월 미국 자회사를 통해 Bloom Energy가 발주한 데이터센터 연료전지 전력설비에 수배전반과 배전변압기를 공급하는 2억1,600만달러 규모 계약을 맺었다. 초고압변압기는 수주잔고가 약 3조원대로 향후 수년치 매출이 이미 확정돼 있다. 국내에서는 한국전력, 삼성SDI, LG에너지솔루션 등이 주요 고객이고, 전기동과 전기강판, 변압기 부품을 협력사와 계열사에서 사들인다.","lead_en":"LS Electric makes power equipment and industrial automation gear. It supplies switchgear, power distribution systems, extra-high-voltage transformers and smart-grid solutions. Orders from the North American data center power market have grown fast lately. In April 2026, through its U.S. arm, it signed a 216 million dollar contract to supply switchgear and distribution transformers for a fuel-cell power project ordered by Bloom Energy. Its extra-high-voltage transformer backlog stands at roughly 3 trillion won, locking in years of revenue. At home its main customers include Korea Electric Power, Samsung SDI and LG Energy Solution, and it buys copper, electrical steel and transformer components from suppliers and affiliates.","segments":{"parts":[{"desc":"배전반·수배전·초고압 변압기·스마트그리드 — 북미 데이터센터·유틸리티 수주로 초고압변압기 잔고 약 3조원, 매출의 본체.","name":"전력기기/인프라"},{"desc":"PLC·인버터 등 산업 자동화 — 제조 설비투자에 연동되는 축.","name":"자동화"},{"desc":"동관 사업 — 전기동을 계열 LS MnM에서 조달하는 소재 축.","name":"금속(동관)"},{"desc":"IT·시스템 사업 — 전력·자동화를 잇는 부가 축.","name":"IT"}],"total":"약 4.97조원 (FY2025 연결)"},"segments_en":{"parts":[{"desc":"Switchgear, distribution, EHV transformers and smart grid — North American datacenter/utility wins put the EHV transformer backlog near KRW 3tn, the revenue core.","name":"Power equipment/infrastructure"},{"desc":"Industrial automation like PLCs and inverters — an axis tied to manufacturing capex.","name":"Automation"},{"desc":"Copper-tube business — a materials axis sourcing electrolytic copper from affiliate LS MnM.","name":"Metals (copper tube)"},{"desc":"IT/systems — an adjunct axis linking power and automation.","name":"IT"}],"total":"~4.97T KRW (FY2025 consolidated)"},"returns_yearly":{"2021":-19.2,"2022":11.4,"2023":37.4,"2024":234.2,"2025":145,"2026":79.6},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"mazda-motor","name":"마쓰다","name_en":"Mazda Motor","tier":3,"returns_yearly":{"2021":18.8,"2022":22.8,"2023":81.1,"2024":-39,"2025":17.3,"2026":-3.2}},{"slug":"uber","name":"Uber","name_en":"Uber","tier":3,"returns_yearly":{"2021":-17.8,"2022":-41,"2023":149,"2024":-2,"2025":35.5,"2026":-8.8}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":3,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":-20}},{"slug":"palantir","name":"Palantir","name_en":"Palantir Technologies","tier":3,"returns_yearly":{"2021":-22.7,"2022":-64.7,"2023":167.4,"2024":340.5,"2025":135,"2026":-28.7}},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":3,"returns_yearly":null},{"slug":"equinix","name":"Equinix","name_en":"Equinix","tier":2,"returns_yearly":{"2021":20.3,"2022":-21.1,"2023":25.4,"2024":19.5,"2025":-16.9,"2026":38.6}},{"slug":"aep","name":"American Electric Power","name_en":"American Electric Power","tier":2,"returns_yearly":{"2021":10.7,"2022":10.4,"2023":-11,"2024":18.2,"2025":29.4,"2026":19.2}},{"slug":"honda-motor","name":"혼다","name_en":"Honda Motor","tier":2,"returns_yearly":{"2021":25.8,"2022":-0.8,"2023":62.2,"2024":-8,"2025":10,"2026":-1.2}},{"slug":"general-motors","name":"제너럴 모터스","name_en":"General Motors","tier":2,"returns_yearly":{"2021":40.8,"2022":-42.4,"2023":7.9,"2024":49.8,"2025":54.2,"2026":-3.8}},{"slug":"hyundai-motor-company","name":"현대차","name_en":"Hyundai Motor Company","tier":2,"returns_yearly":{"2021":-16.7,"2022":-4.7,"2023":16.2,"2024":12.3,"2025":158.8,"2026":-7.8}},{"slug":"tesla","name":"Tesla","name_en":"Tesla","tier":2,"returns_yearly":{"2021":49.8,"2022":-65,"2023":101.7,"2024":62.5,"2025":11.4,"2026":-9.3}},{"slug":"toyota","name":"Toyota Motor Corporation","name_en":"Toyota Motor Corporation","tier":2,"returns_yearly":{"2021":58.1,"2022":-13.4,"2023":63,"2024":1.8,"2025":21.8,"2026":-18.2}},{"slug":"oracle","name":"Oracle","name_en":"Oracle","tier":2,"returns_yearly":{"2021":36.9,"2022":-4.6,"2023":30.9,"2024":60,"2025":18.1,"2026":-27.4}},{"slug":"bloom-energy","name":"Bloom Energy","name_en":"Bloom Energy","tier":1,"returns_yearly":{"2021":-23.5,"2022":-12.8,"2023":-22.6,"2024":50.1,"2025":291.2,"2026":181.5}},{"slug":"samsung-sdi","name":"삼성SDI","name_en":"Samsung SDI","tier":1,"returns_yearly":{"2021":-19,"2022":15.8,"2023":-45.7,"2024":-40.2,"2025":75.7,"2026":11.3}},{"slug":"lg-energy-solution","name":"LG에너지솔루션","name_en":"LG Energy Solution","tier":1,"returns_yearly":{"2023":-26.9,"2024":-7.6,"2025":13.1,"2026":-18.1}},{"slug":"korea-electric-power","name":"한국전력","name_en":"Korea Electric Power","tier":1,"returns_yearly":{"2021":-9.8,"2022":-3.7,"2023":-0.4,"2024":7.6,"2025":186.1,"2026":-37.9}}],"benefiting":[],"analysis":"LS일렉트릭의 논지는 AI 데이터센터 전력 붐에 올라탄 한국 전력기기 수혜다. 배전반·초고압 변압기·스마트그리드를 만드는 전력기기 본업 위에, 북미 데이터센터·유틸리티(IOU) 초고압 변압기 수주가 빠르게 늘며 초고압변압기 수주잔고가 약 3조원대로 향후 수년 매출을 선확정했다 — 미국 변압기 공급부족이 한국 제조사에 구조적 기회를 연 것이다. 2026년 4월 Bloom Energy 데이터센터 연료전지 전력설비 $216M(연결매출 6.42%) 계약이 대표적이다. 국내는 한전·삼성SDI·LG에너지솔루션이 주요 고객이고, 전기동은 계열 LS MnM(매입 89.3%), 변압기 부품은 Reinhausen·Hitachi Energy에 의존한다. 2024년 +234% 급등 뒤 상승폭 둔화는 밸류에이션 정상화에 가깝다. 재평가 트리거는 초고압변압기 잔고의 매출 전환, 북미 데이터센터·유틸리티 신규 수주, 그리고 전기동 가격이다.","analysis_en":"LS Electric's thesis is a Korean power-equipment beneficiary riding the AI-datacenter power boom. On top of its core power gear — switchgear, EHV transformers and smart grid — orders for EHV transformers from North American datacenters and investor-owned utilities have grown fast, pushing the EHV transformer backlog to around KRW 3tn and pre-committing years of revenue; a US transformer shortage opened a structural opening for Korean makers. A representative case is the April 2026 $216M contract (6.42% of consolidated revenue) for Bloom Energy datacenter fuel-cell power gear. Domestically, KEPCO, Samsung SDI and LG Energy Solution are key customers, while electrolytic copper comes from affiliate LS MnM (89.3% of purchases) and transformer components from Reinhausen and Hitachi Energy. The cooling gains after a +234% spike in 2024 look like valuation normalization. Re-rating triggers are EHV backlog conversion, new North American datacenter/utility wins, and copper prices.","analysis_asof":"2026-07-10"},"edges":[{"direction":"cost","counterparty":"전력기기 부품 협력사 (태인·성신산전·산전정밀 등)","counterparty_slug":null,"confidence":"high","metric":{"type":"purchase","unit":"KRW","as_of":"2025","value":1798345000000,"period":"전력부문 부품 매입"},"note":"차단기·계량기용 MAIN Ass'y와 PCB Ass'y, CT/PT, 초고압변압기 부품 등을 ㈜태인, ㈜성신산전, 산전정밀㈜, ㈜다우산업 등 협력사에서 매입한다. 제52기 부품 매입액 1조7,983억원으로 전력부문 매입의 90.4%.","note_en":"LS Electric buys MAIN and PCB assemblies, CT/PT and EHV transformer components for breakers and meters from suppliers such as Taein, Sungshin Sanjeon, Sanjeon Precision and Dawoo Industry. FY2025 component purchases were 1.80 trillion won, 90.4% of power-segment purchases.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243","title":"LS일렉트릭 사업보고서 (2025.12)","title_en":"LS Electric Annual Business Report (FY2025)","excerpt":"[LS ELECTRIC] 전력 부품: MAIN Ass'y, PCB Ass'y, CT, PT, 초고압변압기 부품 등 (차단기, WHM부품) 제52기매입액 1,798,345, 비율 90.38%, 주요 매입처 (주)태인, (주)성신산전, 산전정밀(주), (주)다우산업 등.","excerpt_en":"[LS ELECTRIC] power components: MAIN Ass'y, PCB Ass'y, CT, PT, EHV transformer parts (breakers, WHM parts), FY2025 purchases 1,798,345 million won, 90.38%, main suppliers Taein, Sungshin Sanjeon, Sanjeon Precision, Dawoo Industry."}]},{"direction":"cost","counterparty":"LS MnM (엘에스엠앤엠)","counterparty_slug":null,"confidence":"high","metric":{"type":"purchase","unit":"KRW","as_of":"2025","value":343405000000,"period":"금속부문 전기동 매입"},"note":"금속(LS메탈) 사업의 동관 생산용 전기동을 계열사 엘에스엠앤엠에서 주로 사들인다. 제52기 전기동 매입액 3,434억원으로 금속부문 원재료 매입의 89.3%.","note_en":"LS Electric's metals arm (LS Metal) sources the electrolytic copper for copper-tube production mainly from affiliate LS MnM. FY2025 copper purchases were 343.4 billion won, 89.3% of the segment's raw-material purchases.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243","title":"LS일렉트릭 사업보고서 (2025.12)","title_en":"LS Electric Annual Business Report (FY2025)","excerpt":"[LS메탈] 금속 원재료: 전기동 등 (동관 생산) 제52기매입액 343,405, 비율 89.3%, 주요 매입처 엘에스엠앤엠 등.","excerpt_en":"[LS Metal] metals raw material: electrolytic copper etc. (copper-tube production), FY2025 purchases 343,405 million won, 89.3%, main supplier LS MnM."}]},{"direction":"cost","counterparty":"전력 원재료 협력사 (포스코모빌리티솔루션·원일사·고려금속공업)","counterparty_slug":null,"confidence":"high","metric":{"type":"purchase","unit":"KRW","as_of":"2025","value":191483000000,"period":"전력부문 원재료 매입"},"note":"전기도체와 외함·커버용 은·동·철·알루미늄·전기강판 등 원재료를 포스코모빌리티솔루션, ㈜원일사, 고려금속공업㈜ 등에서 사들인다. 제52기 매입액 1,915억원.","note_en":"LS Electric buys raw materials such as silver, copper, iron, aluminum and electrical steel for conductors and enclosures from POSCO Mobility Solution, Wonil and Koryo Metal. FY2025 purchases were 191.5 billion won.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243","title":"LS일렉트릭 사업보고서 (2025.12)","title_en":"LS Electric Annual Business Report (FY2025)","excerpt":"[LS ELECTRIC] 전력 원재료: 은, 동, 철, 알루미늄, 전기강판 등 (전기도체, 외함, 커버 등) 제52기매입액 191,483, 비율 9.62%, 주요 매입처 주식회사 포스코모빌리티솔루션, (주)원일사, 고려금속공업(주) 등.","excerpt_en":"[LS ELECTRIC] power raw materials: silver, copper, iron, aluminum, electrical steel (conductors, enclosures, covers), FY2025 purchases 191,483 million won, 9.62%, main suppliers POSCO Mobility Solution, Wonil, Koryo Metal."}]},{"direction":"revenue","counterparty":"케이이엔(KEN)","counterparty_slug":null,"confidence":"high","metric":{"type":"contract","unit":"KRW","as_of":"2026-02","value":125792280600,"period":"공사도급 763.7억+운영위탁 494.2억"},"note":"㈜케이이엔이 발주한 전남 영광 그린 태양광 발전사업의 공사도급계약(763억원)과 관리운영위탁계약(494억원)을 수주했다. 태양광 EPC와 O&M 사업이다.","note_en":"LS Electric won the EPC contract (76.4 billion won) and the operation-and-maintenance contract (49.4 billion won) for the Yeonggwang Green solar power project ordered by KEN, covering solar EPC and O&M.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-06-05","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260605800561","title":"단일판매ㆍ공급계약 체결(자율공시) (영광 그린 태양광 발전사업 공사도급)","title_en":"Single Supply Contract - Yeonggwang Green solar EPC (voluntary disclosure)","excerpt":"공사수주 - 영광 그린 태양광 발전사업 공사도급계약, 계약금액(원) 76,370,160,600, 계약상대 ㈜케이이엔, 판매·공급지역 전라남도 영광군 염산면 일원. (관리운영위탁계약 49,422,120,000원 별도 공시)","excerpt_en":"Construction order - Yeonggwang Green solar power EPC contract, value 76,370,160,600 won, counterparty KEN, region Yeomsan-myeon, Yeonggwang, South Jeolla. (Separate O&M contract of 49,422,120,000 won also disclosed.)"}]},{"direction":"revenue","counterparty":"Bloom Energy","counterparty_slug":"bloom-energy","confidence":"high","metric":{"type":"contract","unit":"USD","as_of":"2026-04","value":216526100,"period":"2026-04-28~2027-03-29"},"note":"미국 자회사 LS ELECTRIC AMERICA를 통해 Bloom Energy가 발주한 북미 데이터센터용 연료전지 전력설비 프로젝트에 수배전반과 배전변압기를 공급한다. 계약금액 2억1,652만달러(약 3,190억원, 2025년 연결매출의 6.42%).","note_en":"Through its U.S. subsidiary LS ELECTRIC AMERICA, LS Electric supplies switchgear and distribution transformers for a North American data center fuel-cell power project ordered by Bloom Energy. Contract value 216.5 million dollars (about 319 billion won, 6.42% of FY2025 consolidated revenue).","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-04-29","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260429800110","title":"단일판매ㆍ공급계약체결 (북미 데이터센터용 연료전지 전력설비 공급)","title_en":"Single Supply Contract - North America data center fuel-cell power equipment","excerpt":"- 본 계약은 Bloom Energy가 발주한 북미 데이터센터용 연료전지 기반 전력설비 공급 프로젝트를 수주한 LS ELECTRIC AMERICA Inc.에 당사가 수배전반 및 배전변압기를 공급하는 사업임. 계약금액(원) 318,964,597,910, 매출액대비(%) 6.42. 상기 2. 계약금액(원)은 USD 216,526,100(VAT제외)를 계약일자 기준 환산한 금액임.","excerpt_en":"This contract is a business in which LS Electric supplies switchgear and distribution transformers to LS ELECTRIC AMERICA Inc., which won a North American data center fuel-cell-based power equipment project ordered by Bloom Energy. Contract value 318,964,597,910 won, 6.42% of revenue; equal to USD 216,526,100 excl. VAT."},{"stance":"confirms","publisher":"The Korea Times","publisher_en":"The Korea Times","kind":"news","lang":"en","published_at":"2026-04-29","url":"https://www.koreatimes.co.kr/business/20260429/ls-electric-lands-216-million-data-center-deal-as-part-of-growth-drive-in-us","title":"LS Electric lands $216 mil. data center deal as part of growth drive in US","title_en":"LS Electric lands $216 mil. data center deal as part of growth drive in US","excerpt":"LS Electric가 Bloom Energy와 2억1,600만달러 규모의 데이터센터 전력설비 공급계약을 체결했으며, 수배전반과 변압기를 포함한 배전 시스템 전반을 공급한다. Bloom Energy는 오라클이 뉴멕시코에 짓는 2.45GW급 AI 데이터센터에 고체산화물 연료전지를 공급하도록 선정됐다.","excerpt_en":"LS Electric signed a $216 million contract to supply switchgear and transformers for a data center; Bloom Energy had been selected to supply solid-oxide fuel cells for a 2.45 GW AI data center Oracle is building in New Mexico."},{"stance":"mentions","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243","title":"LS일렉트릭 사업보고서 (2025.12)","title_en":"LS Electric Annual Business Report (FY2025)","excerpt":"[LS ELECTRIC America] 2012년에 설립된 판매법인으로 전력/자동화기기 및 전력시스템 제품을 미주지역 내 유통채널 또는 직접 최종고객에게 공급. 당기 매출액 830,814백만원(전량 수출).","excerpt_en":"[LS ELECTRIC America] a 2012-established sales entity supplying power and automation equipment and power systems in the Americas; FY2025 revenue 830.8 billion won, all export."}]},{"direction":"revenue","counterparty":"미국 데이터센터 (초고압 변압기)","counterparty_slug":null,"confidence":"high","metric":{"type":"contract","unit":"USD","as_of":"2026-05","value":70260000,"period":"변압기 계약"},"note":"자회사 LS파워솔루션이 미 중부 빅테크 데이터센터 마이크로그리드용 345kV 초고압 변압기 약 7,026만달러(1,066억원) 공급 — AI 전력 수요의 한국 변압기 수혜.","note_en":"Subsidiary LS Power Solution won ~$70.3M (KRW 106.6bn) for 345kV EHV transformers for a big-tech datacenter microgrid in the US Midwest - a Korean transformer beneficiary of AI power demand.","sources":[{"stance":"confirms","publisher":"디일렉","publisher_en":"THE ELEC","kind":"news","lang":"ko","published_at":"2026-05-01","url":"https://www.thelec.kr/news/articleView.html?idxno=54659","title":"LS일렉트릭, 미국 데이터센터에 초고압 변압기 공급","title_en":"LS Electric supplies EHV transformers to US data centers","excerpt":"LS파워솔루션이 미국 빅테크 데이터센터 마이크로그리드에 345kV 초고압 변압기 약 7026만 달러 규모 공급.","excerpt_en":"LS Power Solution supplies 345kV EHV transformers (~$70.3M) to a US datacenter microgrid."}]},{"direction":"revenue","counterparty":"한국전력공사","counterparty_slug":"korea-electric-power","confidence":"high","metric":{"type":"share","unit":"%_of_segment_revenue","as_of":"2025","value":5.1,"period":"전력인프라 부문"},"note":"한국전력공사는 전력인프라 부문 매출의 5.1%를 차지하는 주요 고객으로, 전력기기와 초고압 변전설비를 공급한다.","note_en":"Korea Electric Power accounts for 5.1% of LS Electric's power-infrastructure segment revenue, buying power equipment and extra-high-voltage substation gear.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243","title":"LS일렉트릭 사업보고서 (2025.12)","title_en":"LS Electric Annual Business Report (FY2025)","excerpt":"전력인프라 주요매출처: LS ELECTRIC AMERICA INC. 31.2, 삼성에스디아이(주) 7.4, 한국전력공사 5.1, (주)엘지에너지솔루션 4.6, SAMSUNG E&C AMERICA, INC. 2.2 ('25년 누계 매출액 기준).","excerpt_en":"Power-infrastructure top customers: LS ELECTRIC AMERICA 31.2%, Samsung SDI 7.4%, Korea Electric Power 5.1%, LG Energy Solution 4.6%, SAMSUNG E&C AMERICA 2.2% (FY2025 cumulative revenue basis)."}]},{"direction":"revenue","counterparty":"북미 데이터센터·유틸리티 (초고압 변압기)","counterparty_slug":null,"confidence":"mid","metric":{"type":"backlog","unit":"KRW","as_of":"2026-06","value":3100000000000,"period":"초고압변압기 수주잔고"},"note":"북미 데이터센터와 IOU(민간 전력회사) 대상 초고압 변압기 수주가 이어지며 초고압변압기 수주잔고가 약 3조1천억원에 이른다. 2025년 11월 북미 초대형 IOU 신재생 초고압변압기 4,598억원 계약을 포함한다.","note_en":"Continued extra-high-voltage transformer wins for North American data centers and investor-owned utilities have pushed the EHV transformer backlog to about 3.1 trillion won, including a 459.8 billion won EHV transformer contract with a large North American IOU in November 2025.","sources":[{"stance":"confirms","publisher":"한국투자증권(비즈니스포스트)","publisher_en":"Korea Investment & Securities (via Business Post)","kind":"research","lang":"ko","published_at":"2026-06-04","url":"https://www.businesspost.co.kr/BP?command=article_view&num=439230","title":"한국투자 \"LS일렉트릭 목표주가 상향, 북미 데이터센터 시장에서 수주 증가\"","title_en":"Korea Investment & Securities raises LS Electric target price on rising North America data center orders","excerpt":"한국투자증권은 북미 데이터센터 수주 확대를 반영해 목표주가를 상향했다. LS일렉트릭의 데이터센터용 주요 제품은 MV/LV 변압기, 배전반, 초고압 변압기, GIS 등이며 초고압변압기 수주잔고만 약 3조1천억원으로 향후 수년치 매출이 확정됐다.","excerpt_en":"Korea Investment & Securities raised its target price to reflect expanding North American data center orders; LS Electric's data center products include MV/LV transformers, switchgear, EHV transformers and GIS, with an EHV transformer backlog alone of about 3.1 trillion won locking in several years of revenue."},{"stance":"mentions","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243","title":"LS일렉트릭 사업보고서 (2025.12)","title_en":"LS Electric Annual Business Report (FY2025)","excerpt":"2025.11. 4,598억원 규모 북미 초대형 IOU(Investor-Owned Utility)의 신재생에너지 초고압변압기 공급 계약 체결. 2025.03. 1,600억원 규모 Big Tech Data Center Power Supply System 공급 계약 체결.","excerpt_en":"Nov 2025: signed a 459.8 billion won EHV renewable transformer supply contract with a very large North American IOU; Mar 2025: signed a 160 billion won Big Tech data center power supply system contract."}]},{"direction":"cost","counterparty":"Hitachi Energy·Maschinenfabrik Reinhausen (변압기 부품)","counterparty_slug":null,"confidence":"mid","metric":{"type":"purchase","unit":"KRW","as_of":"2025","value":61291000000,"period":"LS파워솔루션 변압기 부품"},"note":"변압기 자회사 LS파워솔루션이 변압기 절연물 등 핵심 부품을 Maschinenfabrik Reinhausen(OLTC 탭체인저)과 Hitachi Energy 등에서 매입한다. 제52기 부품 매입액 613억원으로 전체의 58.7%.","note_en":"Transformer subsidiary LS Power Solution sources core components such as transformer insulation from Maschinenfabrik Reinhausen (OLTC tap changers) and Hitachi Energy. FY2025 component purchases were 61.3 billion won, 58.7% of the total.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243","title":"LS일렉트릭 사업보고서 (2025.12)","title_en":"LS Electric Annual Business Report (FY2025)","excerpt":"[LS 파워솔루션] 부품: 절연물 등 (변압기 부품 등) 제52기매입액 61,291, 비율 58.7%, 주요 매입처 Maschinenfabrik Reinhausen Gmb, Hitachi Energy.","excerpt_en":"[LS Power Solution] components: insulation etc. (transformer parts), FY2025 purchases 61,291 million won, 58.7%, main suppliers Maschinenfabrik Reinhausen, Hitachi Energy."}]},{"direction":"revenue","counterparty":"삼성SDI","counterparty_slug":"samsung-sdi","confidence":"mid","metric":{"type":"share","unit":"%_of_segment_revenue","as_of":"2025","value":7.4,"period":"전력인프라 부문"},"note":"삼성SDI는 전력인프라 부문 매출의 7.4%를 차지하는 최대급 고객으로, ESS와 배터리 라인용 전력설비를 공급한다.","note_en":"Samsung SDI is one of the largest customers of the power-infrastructure segment at 7.4% of revenue, taking power equipment for ESS and battery lines.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243","title":"LS일렉트릭 사업보고서 (2025.12)","title_en":"LS Electric Annual Business Report (FY2025)","excerpt":"전력인프라 주요매출처: 삼성에스디아이(주) 7.4% (전력인프라 부문, '25년 누계 매출액 기준).","excerpt_en":"Power-infrastructure top customer: Samsung SDI 7.4% (power-infrastructure segment, FY2025 cumulative revenue basis)."}]},{"direction":"revenue","counterparty":"LG에너지솔루션","counterparty_slug":"lg-energy-solution","confidence":"mid","metric":{"type":"share","unit":"%_of_segment_revenue","as_of":"2025","value":4.6,"period":"전력인프라 부문"},"note":"LG에너지솔루션은 전력인프라 부문 매출의 4.6%를 차지하며, 배터리 공장과 ESS용 전력설비를 공급받는다.","note_en":"LG Energy Solution accounts for 4.6% of power-infrastructure segment revenue, buying power equipment for battery plants and ESS.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-03-18","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001243","title":"LS일렉트릭 사업보고서 (2025.12)","title_en":"LS Electric Annual Business Report (FY2025)","excerpt":"전력인프라 주요매출처: (주)엘지에너지솔루션 4.6% (전력인프라 부문, '25년 누계 매출액 기준).","excerpt_en":"Power-infrastructure top customer: LG Energy Solution 4.6% (power-infrastructure segment, FY2025 cumulative revenue basis)."}]}]}