On Oct. 19, Taihan Cable & Solution announced that it has been certified by U.S. energy company PSEG as a major supplier for New Jersey’s power grid. PSEG has been supplying electricity and gas to the eastern state of New Jersey for over 120 years, making it the largest energy company in New Jersey.
An accreditation ceremony held on Oct. 18 at the Conrad Hotel in Yeouido, Seoul, saw attendees including Ralph LaRosa, Ceo of PSEG; Phil Murphy, governor of New Jersey; and Kim Seon-gyu, chairman of the Hoban Group. The event was arranged following Governor Murphy’s visit to Korea with an economic delegation, as relayed by Taihan Cable & Solution.
Governor Murphy remarked in his commemorative speech, “Despite supply chain disruptions in many industries due to the COVID-19 pandemic, New Jersey’s power grid remained very stable due to our solid partnership with Taihan Cable & Solution. This economic delegation visit will allow us to see just how much our partnership has grown.”
In June, Taihan Cable & Solution entered a long-term agreement with PSEG, allowing for a maximum of seven years of power cable supply, continuing new provisions in New Jersey. The state is pursuing extensive power infrastructure projects with a goal to transition to 100% clean energy by 2035.
Since its initial entry into the U.S. market in the early 2000s, Taihan Cable & Solution has sought to expand its presence in the North American market. It established its eastern office in New Jersey in 2017. Last year, the company surpassed an annual cumulative order amount of US$300 million, marking its best performance since its U.S. debut.