HD Hyundai Construction & Equipment announced on the 10th that it has signed a contract to supply approximately 160 billion won worth of 22-liter (ℓ) class gas power generation engine long blocks to Power Solutions International (PSI), a North American power and engine solutions company.
The contract period is two years, starting in 2027. Following its order for 390 billion won worth of gas power generation engine long blocks last October, HD Hyundai Construction & Equipment has added this new contract, achieving cumulative orders totaling 560 billion won in North America alone within one month.
As electricity demand surges due to the expansion of artificial intelligence (AI) data centers, the North American generator market is also expected to grow. According to market research firm Market Data Forecast, the size of the North American generator market is projected to grow at an annual average rate of 4.14%, from approximately $9.41 billion (approximately 12.7 trillion won) this year to approximately $13.02 billion (approximately 17.5 trillion won) by 2034.
HD Hyundai Construction & Equipment's power generation engines offer short delivery times and rapid installation. They allow for flexible adjustment of operational scale in response to changes in electricity demand, drawing attention as a power solution for data centers. An official from HD Hyundai Construction & Equipment stated, "We will actively target the rapidly growing power infrastructure market and continue to expand our business."
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