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SK Group Closes $1.6 Billion Investment in Plug Power to Advance Hydrogen Strategy


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NEW YORK, Feb. 25, 2021 /PRNewswire/ SK Group, South Korea s largest energy provider and third-largest conglomerate, announced today the close of a $1.6 billion investment and strategic partnership with Plug Power Inc., a leading provider of hydrogen fuel cell and fueling solutions enabling e-mobility. The partnership is part of a long-term, multi-billion dollar plan by SK to help lead the global transition to a hydrogen economy and make meaningful progress toward a more sustainable energy system.
SK Group and Plug Power Inc. announced Thursday the close of SK’s $1.6 billion investment in Plug Power to partner on accelerating hydrogen as an alternative energy source in Asia markets. Pictured here (from left to right) at the investment ceremony in Seoul, South Korea, are: Jeong-joon Yu, Vice Chairman & CEO of SK E&S; Hyeongwook Choo, CEO of SK E&S and Head of Hydrogen Business Development Center of SK Holdings; Andrew J. Marsh, ....

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