Plug Power Inc, a provider of hydrogen fuel cell and fuelling solutions enabling e-mobility, and South Korea- based SK Group, have announced that they 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 fuelling stations, and electrolyzers to the Korean and broader Asian markets. In line with this partnership, the companies have also entered into a definitive agreement for SK Group to make a $1.5 billion strategic investment in Plug Power and are announcing a plan to form a joint venture company in South Korea to support the rapidly growing Asian Market.
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