HD Hyundai Construction & Equipment Signs 160 Billion Won Power Generation Engine Supply Contract in North America

HD Hyundai Construction & Equipment has made a significant move in its international expansion by securing a contract worth 160 billion won to supply power generation engines in North America. This deal, which involves the provision of 22-liter class gas power generation engine long blocks, is set to be executed over a two-year period starting in 2027.

The contract was signed with Power Solutions International (PSI), a prominent player in North America's power and engine solutions market. This new agreement follows a previous order worth 390 billion won, bringing HD Hyundai's total orders in North America to an impressive 560 billion won within just one month.

The demand for electricity is surging, particularly due to the growth of artificial intelligence data centers, which is expected to drive the North American generator market. Market Data Forecast projects that the market will grow at an annual average rate of 4.14%, increasing from approximately $9.41 billion this year to around $13.02 billion by 2034.

HD Hyundai's power generation engines are noted for their quick delivery times and rapid installation capabilities, making them an attractive solution for data centers that require flexible operational adjustments based on fluctuating electricity demands. An official from HD Hyundai stated, "We will actively target the rapidly growing power infrastructure market and continue to expand our business."