We need to find the value of the limit
\[
L = \lim_{x \to \infty} \left( \frac{x^2 - 2x + 1}{x^2 - 4x + 2} \right)^{2x}.
\]
Step 1: Simplify the expression inside the limit
For large values of \( x \), the dominant terms in the numerator and denominator are \( x^2 \). Hence, the expression can be approximated as:
\[
\frac{x^2 - 2x + 1}{x^2 - 4x + 2} \approx \frac{x^2}{x^2} = 1.
\]
However, we need to refine this approximation to capture the behavior for large \( x \).
Step 2: Refine the approximation
Factor the numerator and denominator to focus on the behavior of smaller terms:
\[
\frac{x^2 - 2x + 1}{x^2 - 4x + 2} = \frac{1 - \frac{2}{x} + \frac{1}{x^2}}{1 - \frac{4}{x} + \frac{2}{x^2}}.
\]
As \( x \to \infty \), the higher-order terms vanish, so we get:
\[
\frac{1 - \frac{2}{x}}{1 - \frac{4}{x}}.
\]
Now, expand the expression using the approximation \( \frac{1}{1 - z} \approx 1 + z \) for small \( z \):
\[
\frac{1 - \frac{2}{x}}{1 - \frac{4}{x}} \approx 1 + \frac{2}{x}.
\]
Step 3: Take the limit
Now, substitute this back into the original expression for the limit:
\[
L = \lim_{x \to \infty} \left( 1 + \frac{2}{x} \right)^{2x}.
\]
This is a standard limit, and we know that:
\[
\lim_{x \to \infty} \left( 1 + \frac{a}{x} \right)^x = e^a.
\]
Thus, we get:
\[
L = e^4.
\]
Hence, the value of the limit is \( e^4 \).