Jul 19, 2026 – 4.00pmTokyo | Australia has jumped the global queue for one of the world’s scarcest pieces of energy infrastructure after South Korean industrial giant Hyosung chose to prioritise Victorian grid projects over higher paying customers in the US and Europe.A $300 million agreement signed with Victorian network operator AusNet will reserve manufacturing capacity for up to 45 high-voltage transformers, giving the utility access to equipment at the centre of one of the biggest bottlenecks in the global energy transition as manufacturers struggle to keep pace with demand driven by the clean energy transition and the data centre boom.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
How Australia jumped the queue for the world’s scarcest grid equipment
South Korean manufacturer Hyosung has signed a $300 million deal to reserve scarce transformer capacity for Victoria’s electricity network.
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