![[IB토마토]SK invests 1.6 trillion won in US plug power… Full-scale entry into the hydrogen market](http://image.newstomato.com/newsimg/2021/1/7/1017208/attach.jpg "[IB토마토]SK invests 1.6 trillion won in US plug power… Full-scale entry into the hydrogen market")
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Source SK homepage
On the 7th, SK announced that it would acquire 23,100 shares by investing in Plutus Capital NY, Inc. with a scale of KRW 231.3 billion. It is interpreted as a part of strengthening the dominance of the hydrogen business company Plug Power Inc.
Plutus Capital NY, Inc. is a wholly-owned subsidiary of SK, through Grove Energy Capital LLC, an affiliated company of SK, along with SK E&S, to Plug Power Inc., a hydrogen business company, of 800 billion won each for a total of 1 It plans to jointly invest 600 billion won. When the investment is made, SK Group will become the largest shareholder by securing a 9.9% stake in Plug Power Inc. in the US.
In this regard, SK has decided to increase the capital of Plutus Capital NY, Inc. by about KRW 231.3 billion and a loan of KRW 400 billion, and Grove Energy Capital LLC pays to Plutus Capital NY, Inc. It said that it will provide a payment guarantee for 50% of the acquisition price.
Established in 1997, Plug Power is a number of core facilities such as automotive fuel cell (PEMFC), water electrolysis (technology that produces hydrogen by supplying power to water) in the hydrogen business value chain, electrolyzer, liquefied hydrogen plant, and hydrogen charging station construction technology. I have the technology. Plug Power is recording a high sales growth of about 50% every year, and its market capitalization as of the end of last year reached about 16 trillion won. Plug Power has hydrogen-based mobility business capabilities such as hydrogen forklifts and trucks, and has virtually monopolized the entire U.S. hydrogen forklift supply market, including Amazon and Wal-Mart, which exclusively supply hydrogen forklifts, SK explained.
An SK official said, “We plan to continuously increase our influence in the global hydrogen market by combining SK Group’s business capabilities and various external partnerships.” “Esg (environment, social, governance) management by creating an eco-friendly hydrogen ecosystem one step ahead It will establish itself as a leading company.”
Reporter Lee Young-hong [email protected]
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