E2S, a nuclear control system specialist, announced on the 9th that it has signed an Excitation System technology export contract with Bharat Heavy Electricals Limited (BHEL), an Indian state-owned power corporation. This marks the first instance where a Korean nuclear sector SME has directly exported its proprietary technology to India independently. E2S stated, "Beyond simple delivery, this contract involves transferring an Excitation System specifically developed to meet BHEL's requirements," adding, "The structure allows for additional revenue as local production and sales expand."

The Excitation System is a critical control facility in power plants that precisely regulates the output voltage of a generator. In the industry, it is commonly referred to as an AVR (Automatic Voltage Regulator). Since its founding in 1993, E2S has focused on the localization of nuclear technology and possesses the technical prowess to independently design and manufacture the controllers that serve as the backbone of the system.

Industry experts evaluate that E2S has gained recognition for its equipment competitiveness in the international nuclear market. While the company has participated in overseas projects as a partner in the past, this is the first time it has achieved an independent export based on its own technology. CEO Choi Woo-sik remarked, "This achievement is the result of technical capabilities accumulated through a long-standing partnership with Korea Hydro & Nuclear Power (KHNP), aligned with the Ministry of Trade, Industry and Energy's strong export support policies," and added, "We have steadily strengthened our localization capabilities by performing Excitation System R&D projects with KHNP and Korea Mid-Power (KOMIPO)."

BHEL is a state-owned heavy industry enterprise under the Indian government, leading the construction of facilities across all energy sectors—including nuclear, thermal, hydro, and gas—in more than 150 projects throughout India. In particular, it plays a pivotal role in India's power infrastructure, based on its track record of supplying core equipment to 14 nuclear power plants.

India is one of the world's largest power demand markets. Driven by rapid industrialization and urbanization, demand for expanding power generation facilities and replacing aged equipment continues to grow. Specifically, the Indian government has set a concrete goal to expand its nuclear power capacity from the current 8.18 GW level to 22.48 GW by 2031–32. India's electricity demand has maintained a steady annual growth rate of approximately 5% over the past decade.

E2S plans to boost its performance by broadening technical support and cooperation while expanding its supply of local systems. The company is also considering diversifying its supply structure, including the possibility of re-importing products manufactured locally. Its strategy is to use India as a hub to expand its export reach to the global market.

CEO Choi stated, "India is a market where facility expansion is continuous due to rising power demand, and this contract will serve as an important milestone in establishing a local business foundation." He added, "We will explore joint production and supply methods linked to our manufacturing capabilities, while using this contract as a starting point to expand overseas exports and accelerate our push into the global market."