South Korea's Sanil Electric Becomes Bloom Energy Supplier, Bags 750B Won in Orders as Profit Margin Hits 37%

According to Korean Economic Daily, Sanil Electric secured formal supplier status with U.S. fuel cell company Bloom Energy in April and won a 53-billion-won data center transformer order, with cumulative orders from Bloom Energy reaching approximately 750 billion won.

The company is projected to achieve an operating profit margin of 37.2% this year—far exceeding the 10-20% average of South Korea's three leading power equipment makers—with annual orders expected to exceed 7 billion won. Sanil Electric's stock has surged approximately 40% year-to-date as the company expands supply into U.S. data center and power grid segments amid semiconductor industry demand growth.