Plug Power (PLUG) Enters Strategic Partnership with South Korea's SK Group, PLUG Receives $1.5B Strategic Investment

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Go back to Plug Power (PLUG) Enters Strategic Partnership with South Korea's SK Group, PLUG Receives $1.5B Strategic Investment

Plug Power and South Korean SK Group to Form a Strategic Partnership to Accelerate Hydrogen Economy Expansion in Asian Markets; Plug Power to Receive $1.5 Billion Strategic Investment From SK Group

January 6, 2021 6:00 PM EST

LATHAM, N.Y., Jan. 06, 2021 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen fuel cell and fueling solutions enabling e-mobility, and SK Group, one of the leading South Korean business groups, announced today that the companies intend to form a strategic partnership to accelerate hydrogen as an alternative energy source in Asian markets. Through this partnership, Plug Power and SK Group intend to provide hydrogen fuel cell systems, hydrogen fueling stations, and electrolyzers to the Korean and broader Asian markets. In conjunction with this partnership, the... More