Overview

• LS Cable & System broke ground on its $681 million submarine cable manufacturing plant in Chesapeake, Virginia, set to be the largest in the U.S.
• The facility, led by LS GreenLink, is scheduled for completion in Q3 2027, with production slated to begin in early 2028.
• The project is supported by $147 million in federal and state incentives, including $99 million from the Inflation Reduction Act and $48 million in Virginia tax breaks.
• The plant will feature a 201-meter Vertical Continuous Vulcanizing (VCV) tower and a dedicated port, enabling fully integrated HVDC cable production and logistics.
• With U.S. AI data center power needs projected to quadruple by 2030, the facility will address growing domestic and European demand while mitigating tariff and supply chain challenges.