NEW YORK: 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 […]
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Seven firms join forces for fiftyfold scale-up of global hydrogen production capacity. The soaring hype surrounding green hydrogen reached new heights this week, as a seven-company-strong consortium unveiled plans for a fiftyfold scale-up in production capacity by 2026. ACWA Power, CWP Renewables, Envision, Iberdrola, Ørsted, Snam and Yara launched a coalition called the Green Hydrogen […]
LATHAM, N.Y.: Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has successfully completed one of the largest bought equity deal transactions in the broader clean-tech sector. This marks Plug Power’s largest capital raise in the Company’s history with approximately $1 billion of capital, bringing total cash post-closing […]
A new report highlights the massive potential to decarbonize transport, industry and power grids — and the massive investments needed to get there. The U.S. needs a massive green hydrogen industry to decarbonize its electricity, transportation and industrial sectors, and major investments and policy changes today to enable it to grow to its full potential […]