Korea Electric Power Corporation (KEP) Signs MOU To Pursue World's First Superconducting Power Grid for Data Centers

Korea Electric Power Corporation (NYSE:KEP) is one of the 13 Best Booming Stocks to Buy Now. Last week, the company signed a memorandum of understanding (MOU) with LS Cable & System Ltd. and LS Electric Co. to build the world’s first superconducting power grid for data centers, Business Korea reported on Friday.

If successful, the project is anticipated to become a turning point for the next-gen power infrastructure industry. Unlike traditional power grids, superconducting power grids utilize their zero-resistance property to transmit 154kV-class, large-capacity power even at low voltages, enabling the expansion of power supply to urban areas without requiring new substations.

According to the report, small stations would replace existing ones, thereby significantly reducing installation space and enhancing energy efficiency. This would also be beneficial in limiting construction costs and improving public acceptance.

Under the agreement, Korea Electric Power Corporation (NYSE:KEP) will oversee the technical verification of the superconducting system and regulatory coordination. The superconducting cables will be designed and produced by LS Cable & System, whereas LS Electric will provide fault current limiters and other related power equipment.

Korea Electric Power Corporation (NYSE:KEP) is a Korean electric utility company engaged in the sale and delivery of electricity. The stock has had an impressive run in 2025, up by over 100% year-to-date, as of July 9.

While we acknowledge the potential of KEP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Best German Stocks to Invest in Now and Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy.

Disclosure: None.