HD Hyundai bets on power plants at sea to meet AI's energy appetite

HD Hyundai has obtained a technology license to develop an offshore power plant, paving its way into the market amid surging demand for electricity to power AI.

HD Korea Shipbuilding & Offshore Engineering said Tuesday it received Approval in Principle from the American Bureau of Shipping for a 100-megawatt floating power plant, also known as a barge-mounted power plant.

The license certifies that the company has developed core technologies for the system, including basic conceptual design, electrical single-line diagrams and stability review.

A floating power plant generates electricity offshore using power generation engines, supplying it to data centers, industrial complexes and other sites where land-based power infrastructure is difficult to build or where demand is especially high.

The system HD Korea Shipbuilding & Offshore Engineering developed is based on its medium-speed HiMSEN engine and can supply up to 100 megawatts of power.

The company plans to move into the floating power plant market after completing remaining design work and follow-up certification.

BY LEE JAE-LIM [[email protected]]