※ This image was generated by AI for illustrative purposes.

“We plan to penetrate the aging nuclear power plant maintenance market, competing against General Electric (GE) of the U.S. and Siemens of Germany.”

Choi Woo-sik, CEO of E2S (pictured), a developer of nuclear power plant control systems, said in an interview on the 24th, “In the U.S., the movement to extend the operation of nuclear power plants for up to 80 years is gaining momentum.” CEO Choi explained that while the nuclear ecosystems in both the U.S. and Japan collapsed as no new plants were built for 30 to 40 years following past accidents, the demand for maintaining aging nuclear power plants is expected to surge.

E2S is widely recognized for localizing core nuclear power plant equipment, such as high-capacity generator Excitation Control Systems (ECS) and controllers for Control Rod Control System (CRCS) power cabinets. ECS is a system that regulates the output voltage of a generator using the phenomenon of excitation. If this system stops, power generation halts, which can lead to major accidents. Therefore, the company emphasizes that reliability and safety are paramount.

E2S is considered one of the few Korean companies capable of challenging the ECS market, which is currently dominated by GE, Siemens, ABB of Switzerland, and Mitsubishi of Japan. CEO Choi emphasized, “We can supply products with comparable quality to major global power companies at one-third of the price.” In June, a team of nuclear component manufacturers is scheduled to dispatch an inspection team to the U.S. CEO Choi predicted, “With increasing investment in Artificial Intelligence (AI), global power demand for data centers is skyrocketing. The future of the power generation industry will depend on the ability to discover opportunities in facility investment.”

Another strength is that Mir System, the parent company of E2S, is the No. 1 company in South Korea for designing and manufacturing Printed Circuit Boards (PCBs) required for ECS production. Mir System designs and supplies PCBs for power, railways, defense, medical devices, and drones. CEO Choi expressed confidence, stating, “I am certain that we hold the greatest advantage in cost competitiveness compared to any other domestic company.”