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SK E&S Seeking U.S. Hydrogen, Renewables Investments (Int'l.)
SK E&S, Plug Power
Date: 2021-09-13
Further to our March 1st coverage, In Seoul, South Korean municipal gas supplier SK E&S Co, reports it is prepared for an additional investment in the US renewable energy sector through its U.S. SK E&S Americas Inc. unit. The company presently has roughly $650 million invested in the U.S, biogas, solar PV, Energy storage systems (ESS) sectors, plus a $1.6 billion controlling stake in hydrogen fuel cell maker Plug Power Inc.

Additionally SK Holdings, the holding company of SK Group, has established a Hydrogen Business Development Center comprised of members from SK's energy companies, including SK Innovation and SK E&S. The new Business Development Center will guide the companies' transition into the production and distribution of hydrogen energy, including the creation of a mass production facility and investments in global business opportunities. SK Group companies already are making strategic investments in their existing energy businesses and forming partnerships with global leaders in hydrogen energy technology. (Source: SK Holdings, SK Group, SK E&S, PR, Sept., 2021) Contact: Plug Power, Andy Marsh, CEO, 518-782-7700, www.plugpower.com; SK Group, www.skgroupinc.com

More Low-Carbon Energy News Hydrogen,  SK E&S,  Plug Power,  Renewanle Energy,  

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