Samsung C&T, Hitachi Energy to team up for HVDC projects

South Korea's Samsung C&T Corp. said Monday it signed a memorandum of understanding (MOU) with Sweden's Hitachi Energy to cooperate for high-voltage direct current (HVDC) transmission line business. 

An HVDC transmission system is regarded as a next-generation electricity transmission technology, ideal for renewable energy such as solar and wind power.

Hitachi Energy has been collaborating with Samsung C&T on a 3.5 trillion won ($2.4 billion) undersea HVDC project in the United Arab Emirates (UAE). 

The companies will focus on securing opportunities in emerging HVDC markets, including the Middle East, Southeast Asia, and Europe. 

Write to Hyung-Kyu Kim at khk@hankyung.com