Youngin Energy Solutions

What Youngin Energy Solutions does

Youngin Energy Solutions (영인에너지솔루션) is a South Korean power infrastructure engineering services and equipment manufacturer founded in 1996, headquartered in Seongnam, Gyeonggi Province. Originally incorporated as Youngin Technology (영인기술), the company rebranded to Youngin Energy Solutions in March 2024 to reflect a strategic pivot into renewable energy and offshore wind. The company delivers end-to-end electrical power system services covering generation, transmission, substation, distribution, and plant projects for Korean utilities, government agencies, and major industrial conglomerates, with international reach spanning approximately 20 countries across Southeast Asia, the Middle East, Central America, Central Europe, Africa, and Australia. Service scope spans EPC (Engineering, Procurement, Construction) execution, consulting and feasibility studies, owner's engineering, grid impact assessments, and the manufacture of proprietary power equipment.

The company's proprietary product portfolio includes IEC and ANSI-compliant digital protection switchgear panels (busbar, transmission line, generator, transformer, and circuit-breaker-failure configurations), medium/low voltage switchgear (600V to 22kV+), low voltage distribution boards, the patented Breatherless Type MOF instrument transformer (filed 2022, commercialized 2024 with Yangon Electricity Supply Corporation as first customer), and PIAPAS — a power distribution accident-prevention automation system that performs fault detection and automatic sectionalization on long distribution lines. The company holds Korea's first DNV-certified 345kV offshore substation Pre-FEED design and operates Naju and Yangon manufacturing facilities for hardware production and Southeast Asian market localization.

Revenue is generated through four streams: one-off EPC project contracts (the dominant revenue model across power generation, transmission, substation, distribution, renewable, and plant projects), direct hardware sales of proprietary power equipment (protection panels, switchgear, MOF, PIAPAS) to utilities and industrial operators including KEPCO, Samsung Electronics, SK Hynix, and POSCO group, professional services revenue from consulting, owner's engineering, and design review engagements, and recurring solar IPP revenue from Korean (Naju, Geumsan, Iksan, Asan) and Myanmar (MYD, MYI) solar-plus-storage assets. The go-to-market motion combines enterprise field sales targeting large Korean utilities and industrial conglomerates with product-led direct sale of proprietary hardware, supported by wholly owned subsidiaries MYD INTERNATIONAL (manufacturing) and MYANMAR YOUNG IN (project execution), both based in Yangon.

Name

Youngin Energy Solutions

Legal name

Youngin Energy Solutions Co., Ltd.

Website

https://yesyoungin.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

Youngin Energy Solutions is a Korean power infrastructure EPC contractor and equipment manufacturer, delivering consulting, design, construction, and proprietary protection switchgear products to utilities, industrial facilities, and offshore wind developers across Korea and 20+ international markets.

Ownership category

akta.pro rank

Product category

Power Infrastructure Engineering

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114)

SIC

Switchgear & Switchboard Apparatus (3613), Electric Services (4911), Electronic Coils, Transformers & Other Inductors (3677), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE)

akta.pro secondary industries

High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF), Distribution Substations & Switching Stations (MV) EPC (EUAEACAC), Medium/Low-Voltage Power Distribution (MCCs, Panels, UPS, Grounding) (EUAEAFAB)

Keywords

• Power infrastructure engineering
• EPC project services
• Electrical equipment manufacturing
• Substation engineering
• Offshore wind engineering

Headquarters

HQ city

Seongnam

HQ country

South Korea

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. EPC (Engineering, Procurement, Construction) Projects: Full-cycle EPC project execution covering consulting, feasibility studies, design, procurement, construction, and commissioning for power generation, transmission, substations, distribution, renewable energy, and plant projects. Projects range from domestic Korean projects to international EPC contracts across Southeast Asia, the Middle East, Africa, and Central America.
2. Power Equipment Product Sales: Manufacturing and direct sale of proprietary power equipment including protection switchgear panels, medium/low voltage switchgear, distribution boards, MOF (instrument transformers), and PIAPAS systems to power utilities, industrial facilities, and semiconductor/factory operators.
3. Engineering and Consulting Services: Engineering consulting, grid impact assessment, design review, supervision, testing, and technical advisory services for power system projects. Includes owner's engineering for major offshore wind projects, substation design, and transmission line engineering.
4. Renewable Energy IPP (Independent Power Producer): Direct investment and ownership of solar power generation assets, including solar IPP projects in Korea (Naju, Geumsan, Iksan, Asan) and Myanmar (MYD 200kW + ESS 300kWh, MYI 30kW + ESS 60kWh).

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Youngin Energy Solutions is a power infrastructure engineering firm that executes full-cycle EPC (Engineering, Procurement, Construction) projects across generation, transmission, substations, distribution, and plant electrical systems, while also manufacturing its own power equipment including protection switchgear panels, medium/low voltage switchgear, low voltage distribution boards, the proprietary PIAPAS fault-detection automation system, and the patented Breatherless Type MOF instrument transformer. It additionally operates renewable energy IPP assets (solar PV in Korea and Myanmar) and provides owner's engineering, grid impact analysis, and design consulting services to utility, government, and industrial clients.

Product overview

Youngin Energy Solutions offers a portfolio of power equipment products and engineering services centered on its core hardware offerings: protective distribution panels (보호배전반), medium/low voltage switchgear (수배전반), and low voltage distribution boards (분전반), all manufactured to IEC and ANSI standards. PIAPAS (전력통합 사고예방 자동화 시스템) provides power accident prevention and automation functionality. The company also delivers a broad range of EPC engineering services across generation, transmission, substations, distribution, renewable energy, and plant sectors. The product line is best characterized as a set of discrete manufactured equipment categories, with PIAPAS as the primary software/automation offering, rather than a unified platform-plus-modules architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Protective Distribution Panels (보호배전반) Digital-type protective distribution panels designed and manufactured to IEC and ANSI standards, protecting equipment from power system faults. Configurations include busbar protection (voltage/current differential), transmission line protection (PCM/P.W/Carrier), generator protection, transformer protection, and circuit breaker failure protection. Applied in substations, power plants, industrial facilities, and general buildings.
• Medium/Low Voltage Switchgear (수배전반) Medium voltage switchgear covering 600V to 22kV and above, plus motor control centers, designed for steel, cement, power plant, substation, semiconductor, petrochemical, subway, and other industrial facilities.
• Low Voltage Distribution Boards (분전반) Low voltage AC/DC distribution boards for systems under 600V, deployed in substations, hydro/thermal power plants, and various plant facilities.
• PIAPAS (Power Integration Accident Prevention Automation System) Proprietary automation system that detects fault locations on distribution lines and automatically performs section isolation, enabling rapid fault detection and automatic sectionalization for outage management, particularly suited for long-distance distribution lines in Southeast Asia.
• Power Equipment (전력기기) — EHV substation equipment, protection relays, lightning arresters Extra-high voltage substation equipment, protection relays, and lightning arresters, supplied as part of Youngin's power system offerings.
• Breatherless Type MOF (무보수 완전 밀폐형 계기용 변성기) Maintenance-free, fully sealed instrument transformer (MOF) developed for high-temperature, high-humidity environments typical of Southeast Asia. Patented in 2022 and supplied to YESC in Myanmar in 2024 as the first commercial deployment.
• EPC (Engineering, Procurement, Construction) Project Execution Full-cycle EPC project execution for power infrastructure including generation, transmission, substations, distribution, renewable energy, and plant projects, covering consulting, feasibility studies, design, procurement, construction, and commissioning for utilities, government agencies, and industrial clients in Korea and ~20 countries internationally.
• Engineering and Consulting Services (Owner's Engineering, Grid Impact Analysis, Design Review, Supervision) Engineering consulting, owner's engineering for offshore wind projects, grid impact assessment using PSS/E and PSCAD, design review, supervision, testing, and technical advisory services for power system projects.
• Solar IPP (Independent Power Producer) Assets Direct investment and ownership of solar power generation assets, including solar IPP projects in Korea (Naju, Geumsan, Iksan, Asan) and Myanmar (MYD 200kW + ESS 300kWh, MYI 30kW + ESS 60kWh).

Quantifiable outcome

• Myanmar cumulative order value reached $100 million by 2020, a milestone for a Korean SME in international power infrastructure
• +5 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

17 partnerships are on record, tiered major, minor and core.

• Copenhagen Energy Islands (CEI) / Copenhagen Infrastructure Partners (CIP)majorStrategic or Co-development Partner · 1 April 2024Signed MOU with CEI (CIP's energy island specialist subsidiary) for cooperation on Korean offshore energy hub and subsea HVDC development. Youngin will provide electrical engineering expertise for energy island projects including power evacuation from multi-GW offshore wind farms via HVDC transmission. CEI is developing 4.4GW of offshore wind in Korea (Sinan and Ulsan) with plans for West Sea energy islands.
• KCL (Korea Construction and Living Environment Test & Research Institute)minorStrategic or Co-development Partner · 1 April 2024KCL selected Youngin Energy Solutions as the EPC partner for rooftop solar installation across KCL's nationwide facilities, including the Osan headquarters. This ESG implementation project leverages idle rooftop and parking areas at KCL buildings to generate renewable energy, demonstrating practical ESG execution.
• Kromann-Reumert (KR) & NirasmajorStrategic or Co-development Partner · 1 April 2023Youngin Energy Solutions signed an MOU with Danish law firm Kromann-Reumert and engineering consultancy Niras in Copenhagen during Wind Europe 2023 to cooperate on Korean offshore wind service market development. The three companies plan to expand beyond electrical engineering into financial, legal, procurement, civil, and environmental services, with joint market entry into both Korean and international markets.
• Korea Electric Power Corporation (KEPCO)coreStrategic or Co-development Partner · 1 January 2023Long-standing strategic partnership with KEPCO covering domestic power infrastructure projects, technology localization, and overseas market development. KEPCO has provided technical support agreements, HRD cooperation, and 'Trusted Partner' export brand certification to Youngin. Jointly participated in Myanmar projects and World Bank Myanmar distribution network consulting.
• SEL ( Schweitzer Engineering Laboratories)coreTechnology or Integration · 1 January 2023World-renowned protection relay manufacturer. Youngin collaborates with SEL to supply protection relay systems integrated into Youngin's switchgear panels, and works together on protection relay standardization and localization for the Korean market.
• NGK (NGK Insulators)coreTechnology or Integration · 1 January 2023Global leader in insulators and ceramic components for power transmission. Youngin partners with NGK to supply high-quality insulators as part of its substation and transmission equipment packages.
• Equinor (Norway)majorStrategic or Co-development Partner · 1 January 2023Equinor selected Youngin as the electrical owner's engineer for the Ulsan Firefly floating offshore wind project (800MW) — the first Korean SME to be appointed as owner's engineer for an offshore wind project of this scale. Youngin provides technical advisory from project initiation, risk identification, regulatory compliance, and coordination with KEPCO/KPX and other stakeholders. Equinor is a Norwegian state-owned global energy company with $200B annual revenue and global offshore wind leadership.
• RWE RenewablesmajorStrategic or Co-development Partner · 1 January 2023RWE engaged Youngin for onshore grid connection FEED and consulting for the Seohae offshore wind farms (495MW). Youngin also performed feasibility study of grid interconnection options for the project.
• Northland PowerminorStrategic or Co-development Partner · 1 January 2023Northland Power engaged Youngin for onshore pre-FEED and grid connection consulting for Yeosu Moondo, Gwangpyeong, and Dado offshore wind farms.
• Ocean Winds KoreaminorStrategic or Co-development Partner · 1 January 2023Ocean Winds Korea engaged Youngin for grid connection engineering services and HBOW (Hyangnam Breakwater Offshore Wind) service agreement for offshore wind project development.
• Myeongwoon Industrial DevelopmentmajorStrategic or Co-development Partner · 1 January 2023Youngin performing EPC for Yeonggwang Nakwol offshore wind farm electrical infrastructure — 154kV substation, switchyard equipment and installation, and protection relay systems for the 364MW project.
• DNV (formerly DNV GL)majorTechnology or Integration · 1 January 2023DNV provided global certification for Youngin's Pre-FEED design of Korean fixed offshore substation, making Youngin the first Korean company to achieve DNV certification for this design. DNV is a global certification body for the energy industry.
• Korea Energy Technology Evaluation Institute (KETEP)minorStrategic or Co-development Partner · 1 January 2023Government-funded R&D partner for offshore wind substation design technology development and grid forming technology for distributed energy systems. Youngin participates in government R&D projects funded by KETEP.
• World Bank / DPTSC MyanmarmajorStrategic or Co-development Partner · 1 January 2023KEPCO-Youngin-Sunshine Yangon consortium won a $5.34M World Bank-funded Myanmar distribution network consulting and standards development project, beating European engineering firms. The project involves distribution network construction consulting, design standard development, and quality specification setting for Myanmar's power sector.
• Samsung C&T Saudi ArabiaminorImplementation/ SI/ Consulting Partner · 1 January 2023Youngin performed detailed electrical design for the Saudi Tanajib thermal power plant under Samsung C&T execution.
• Samsung ElectronicscoreTechnology or Integration · 1 January 2023Samsung Electronics is a registered customer for Youngin's high-voltage protection switchgear panels used in semiconductor manufacturing facilities.
• POSCO / POSCO DX / POSCO E&CcoreImplementation/ SI/ Consulting Partner · 1 January 2023POSCO group companies engage Youngin for multiple power supply and substation projects at POSCO facilities including Gwangyang lithium, Pohang steel, cathode/anode material plants, and port substations. Youngin supplies 154kV and 170kV GIS and transformer equipment.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Iljin Electric: Korean manufacturer of power equipment (transformers, switchgear, GIS) and EPC provider for substations and renewable projects; highly comparable as a Korean peer with both manufacturing and EPC capabilities, listed as a partner on Youngin's website.
• Hyundai Engineering: Major Korean EPC contractor with a power and infrastructure division executing substations, combined-cycle plants, and renewable projects globally; overlaps with Youngin on power generation EPC, substation construction, and overseas turnkey projects.
• POSCO E&C: Korean EPC contractor with significant power and substation work for POSCO group and external clients including renewable energy and industrial power supply projects; overlaps with Youngin in 154kV-220kV substation EPC for industrial customers.
• Hyosung Heavy Industries: Korean power equipment manufacturer and EPC contractor specializing in high-voltage transformers, switchgear, and substation solutions; directly comparable to Youngin's switchgear, transformer (MOF), and substation EPC offerings for utilities and industrial customers.
• Taeyoung Engineering & Construction: Korean power EPC firm with transmission, substation, and plant construction capabilities serving KEPCO and industrial clients; comparable to Youngin in domestic transmission and substation EPC services with similar customer base.
• LS Electric: Korean electrical equipment specialist (switchgear, protection relays, power distribution) supplying utilities and industrial customers; comparable to Youngin in the IEC/ANSI protection panel, MV/LV switchgear, and distribution board product lines.
• KEPCO Engineering & Construction (KEPCO E&C): Subsidiary of KEPCO providing engineering, procurement, and construction services for power generation and transmission projects globally; directly comparable to Youngin as a Korean power EPC firm with overlapping customers (KEPCO, KHNP, GENCOs) and similar substation/transmission expertise.

Broad incumbents

• Doosan Enerbility (formerly Doosan Heavy Industries): Korea's largest power generation and wind turbine OEM, with capabilities spanning turbines, generators, and EPC; serves as a broad incumbent in the same power equipment and EPC space where Youngin competes, with materially larger scale across generation and offshore wind.
• Hitachi Energy: Global leader in transformers, HVDC, grid automation, and offshore wind substations; competes with Youngin in offshore wind grid connection and EHV substation scope where Hitachi's product portfolio (including acquired ABB) sets the global benchmark.
• Siemens Energy: Global incumbent in power generation, transmission, grid technologies, and offshore wind grid connection; competes with Youngin for grid-connection, HVDC, and large-scale offshore wind electrical scope in Korea and internationally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Youngin Energy Solutions