Photograph) View of LSCV, LS Eco Energy’s manufacturing subsidiary in Vietnam


■ LSCV to invest KRW 65 billion, with mass production to begin in April 2027
■ To help LS Materials fill orders, targeting annual revenue of KRW 150 billion by 2030
■ UC investment follows busducts as company expands high-value offerings


LS Eco Energy (CEO Lee Sang-ho) will expand into a new, high-value business area by producing ultracapacitors (UCs) for AI data centers (AIDCs).

LS Eco Energy announced on October 26 that its Vietnamese manufacturing subsidiary, LSCV, will invest approximately KRW 65 billion to construct UC production facilities.

This investment will help affiliate LS Materials fulfill its growing orders for AIDC UCs. On October 13, LS Materials signed a supply contract worth approximately USD 51.5 million (about KRW 69 billion) with a U.S. hydrogen fuel cell company, and is in discussions about additional contracts to be signed before year-end.

LSCV will manufacture UCs on an OEM basis using LS Materials’ technology. Mass production and deliveries are set to begin in April 2027, with a target of approximately KRW 150 billion in annual revenue by 2030.

The arrangement will create a new high-value revenue stream for LS Eco Energy while allowing LS Materials to diversify its manufacturing footprint across South Korea and Vietnam to meet growing global demand. Further investments will be considered as additional orders are secured.

LSCV was identified as a cost-competitive production base thanks to the available space and relatively low labor and utility costs at its existing plant. UCs are expected to be more profitable than the company’s existing general-purpose cable business, which will help improve LS Eco Energy’s profit margins.

UCs are energy storage devices that can rapidly store and deliver electricity. They are used to compensate for momentary power shortfalls in hydrogen fuel cell power generation systems. Demand for UCs is expected to grow along with the increase in power demand from AIDCs, which is driving investment in hydrogen fuel cell generation.

“We will develop UCs as a new growth driver, alongside busducts, as we expand our business into high-value products for AIDCs,” said Lee Sang-ho, CEO of LS Eco Energy.