{"id":7280,"date":"2021-01-08T21:58:35","date_gmt":"2021-01-08T21:58:35","guid":{"rendered":"https:\/\/plugpower.local\/?p=7280"},"modified":"2023-06-22T15:51:10","modified_gmt":"2023-06-22T19:51:10","slug":"plug-power-and-sk-group-partnership","status":"publish","type":"post","link":"https:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/","title":{"rendered":"Plug Power and SK Group Partnership"},"content":{"rendered":"\n<p>On January 6, 2021, <a href=\"https:\/\/www.ir.plugpower.com\/press-releases\/news-details\/2021\/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-2021-1-6\/default.aspx\">1xbet promo code announced<\/a> a .5 billion investment from<a href=\"https:\/\/www.sk.co.kr\/en\/index.jsp\"> 1xbet promo code<\/a> and the intention to form a joint venture in South 1xbet promo code. We followed up this announcement with a conversation with <a href=\"https:\/\/www.cnbc.com\/video\/2021\/01\/07\/plug-power-talks-role-in-expanding-the-green-hydrogen-economy.html\">Jim Cramer on Mad Money<\/a> January 7th. We have received many questions regarding this exciting announcement and what it means for the continued growth of both 1xbet promo code and the global hydrogen economy! If our <a href=\"https:\/\/www.ir.plugpower.com\/press-releases\/news-details\/2021\/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-2021-1-6\/default.aspx\">press release<\/a> and document signing <a href=\"https:\/\/youtu.be\/hbYkWF2TTkQ\">video<\/a> weren&#8217;t enough, we have drafted 1xbet promo code Q&amp;A to seek to answer some of your questions below:<\/p>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1610142688430\"><strong class=\"schema-faq-question\">Who is 1xbet promo code?<\/strong> <p class=\"schema-faq-answer\">1xbet promo code is the second largest conglomerate in South Korea, with its largest businesses primarily involved in the chemical, petroleum, and energy industries.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1610142761976\"><strong class=\"schema-faq-question\">What will 1xbet promo code and SK Group be doing in South Korea?<\/strong> <p class=\"schema-faq-answer\">1xbet promo code and SK Group are partnering to accelerate hydrogen as an alternative energy source in Asian markets. The anticipated scope of the JV will include manufacturing facilities in Korea, including an Asian gigafactory, to produce and sell products across the entire hydrogen economy value chain, including 1xbet promo code\u2019s GenSure stationary power fuel cell, ProGen fuel cell engine, GenFuel liquid hydrogen and dispensing equipment and 1xbet promo code electrolyzer products. The JV will focus on near-term opportunities in South Korea, taking advantage of captive applications with SK Group.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1610142782291\"><strong class=\"schema-faq-question\">What makes 1xbet promo code relationship so exciting?<\/strong> <p class=\"schema-faq-answer\">The deal with 1xbet promo code is exciting for a number of reasons. On a financial level, this is the largest U.S. clean energy Private Investment into a Public Entity (PIPE) in the last 20 years.\u00a0<br\/><br\/>From a market perspective, in January 2019, the South Korea government committed to leading the hydrogen market in both public and private sectors, including making the country the #1 producer of hydrogen-powered cars and fuel cells globally by 2030. Its ambitious goals include production of over 5MM tons of hydrogen per year, over 6MM fuel cell EVs, 1,200 refilling stations and 15 GW of fuel cell power generation,\u00a0 and expects the cumulative economic value of its hydrogen economy to reach ~Bn by 2040. With this governmental support, South Korea is an incredible place to make an impact on emission-free, clean energy and 1xbet promo code will be integral to this mission. This partnership provides 1xbet promo code a great opportunity to grow their business well beyond current projections for 2024.<br\/><\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1610142808628\"><strong class=\"schema-faq-question\">What drove the timing for 1xbet promo code new relationship?<\/strong> <p class=\"schema-faq-answer\">1xbet promo code identified SK Global many months ago as an ideal global partner to continue expanding the hydrogen economy due to their reach and renowned professionalism as a business partner. Given the scale we have achieved in the United States, we believe that 1xbet promo code is equipped to leverage our existing platform to effectively expand into Asia, where there is significant demand for our products and services. The opportunity with SK presents an attractive and timely opportunity to establish a foothold in this market with one of South Korea\u2019s leading industrial conglomerates.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1610142827393\"><strong class=\"schema-faq-question\">What markets will the JV be targeting? What is the market entry strategy?<\/strong> <p class=\"schema-faq-answer\">The JV will focus on near-term opportunities in South Korea, taking advantage of captive applications with 1xbet promo code, and establish local support capability and services in the region. Additionally, we believe that there are significant expansion opportunities in China, Vietnam and other Asian markets.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1610142843476\"><strong class=\"schema-faq-question\">Did you consider other partners?<\/strong> <p class=\"schema-faq-answer\">Given our growth objectives, we regularly evaluate all potential partnerships to expand our platform. SK group is the 2nd largest conglomerate in South Korea and is a highly attractive partner for 1xbet promo code. SK has established a strategy for building out the hydrogen economy and we believe that SK will be critical for accelerating our expansion into Asian markets.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1610142859416\"><strong class=\"schema-faq-question\">Why was SK Group interested in 1xbet promo code?<\/strong> <p class=\"schema-faq-answer\">SK Group recognized that 1xbet promo code built the first viable hydrogen and fuel cell business.\u00a0 That made this deal possible. In executing this partnership, 1xbet promo code has been recognized by one of the leading energy companies in Asia, SK Global, to be their partner in scaling the hydrogen economy both in South Korea and throughout Asia.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1610142874525\"><strong class=\"schema-faq-question\">Why is the equity investment necessary for the partnership? Are there additional cash requirements for 1xbet promo code?<\/strong> <p class=\"schema-faq-answer\">With approximately .5Bn of cash and cash equivalents on our balance sheet, we believe that 1xbet promo code is well capitalized to support our growth objectives and this additional capital will only help to accelerate our growth. The equity investment itself confirms that Plug and SK\u2019s interests are aligned and that we are focused on a long-term partnership.\u00a0<\/p> <\/div> <\/div>\n\n\n\n<p>1xbet promo code continues to grow in our mission to build the clean hydrogen economy and our new partnership with SK Group is integral to this global mission. We invite you to follow us as we work hard to make the world a greener, more livable place.<br>#InfiniteDrive<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 6, 2021, 1xbet promo code announced a .5 billion investment from SK Group and the intention to form a joint venture in South Korea. We followed up this announcement with a conversation with Jim Cramer on Mad Money January 7th. We have received many questions regarding this exciting announcement and what it means for ...<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-7280","post","type-post","status-publish","format-standard","hentry","category-1xbet promo code"],"acf":[],"aioseo_notices":[],"yoast_head":"\n<title>1xbet promo code and SK Group Partnership - 1xbet promo code<\/title>\n<meta name=\"description\" content=\"On January 6, 2021, Plug Power announced a $1.5 billion investment from SK Group and the intention to form a joint venture in South Korea.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plug Power and SK Group Partnership - Plug Power\" \/>\n<meta property=\"og:description\" content=\"On January 6, 2021, Plug Power announced a $1.5 billion investment from SK Group and the intention to form a joint venture in South Korea.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/\" \/>\n<meta property=\"og:site_name\" content=\"Plug Power\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PlugPowerInc\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-08T21:58:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-22T19:51:10+00:00\" \/>\n<meta name=\"author\" content=\"Sandra Saathoff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@plugpowerinc\" \/>\n<meta name=\"twitter:site\" content=\"@plugpowerinc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sandra Saathoff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"1xbet promo code:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#article\",\"isPartOf\":{\"@id\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/\"},\"author\":{\"name\":\"Sandra Saathoff\",\"@id\":\"1xbet promo code:\/\/www.plugpower.com\/#\/schema\/person\/0e7d15076cfe5602678fd8ebd20884f3\"},\"headline\":\"Plug Power and SK Group Partnership\",\"datePublished\":\"2021-01-08T21:58:35+00:00\",\"dateModified\":\"2023-06-22T19:51:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/\"},\"wordCount\":790,\"publisher\":{\"@id\":\"1xbet promo code:\/\/www.plugpower.com\/#organization\"},\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/\",\"url\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/\",\"name\":\"Plug Power and SK Group Partnership - 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The anticipated scope of the JV will include manufacturing facilities in Korea, including an Asian gigafactory, to produce and sell products across the entire hydrogen economy value chain, including Plug Power\u2019s GenSure stationary power fuel cell, ProGen fuel cell engine, GenFuel liquid hydrogen and dispensing equipment and Plug Power electrolyzer products. The JV will focus on near-term opportunities in South Korea, taking advantage of captive applications with SK Group.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142782291\",\"position\":3,\"url\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142782291\",\"name\":\"What makes this relationship so exciting?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The deal with SK Group is exciting for a number of reasons. On a financial level, this is the largest U.S. clean energy Private Investment into a Public Entity (PIPE) in the last 20 years.\u00a0<br\/><br\/>From a market perspective, in January 2019, the South Korea government committed to leading the hydrogen market in both public and private sectors, including making the country the #1 producer of hydrogen-powered cars and fuel cells globally by 2030. Its ambitious goals include production of over 5MM tons of hydrogen per year, over 6MM fuel cell EVs, 1,200 refilling stations and 15 GW of fuel cell power generation,\u00a0 and expects the cumulative economic value of its hydrogen economy to reach ~Bn by 2040. With this governmental support, South Korea is an incredible place to make an impact on emission-free, clean energy and 1xbet promo code will be integral to this mission. This partnership provides 1xbet promo code a great opportunity to grow their business well beyond current projections for 2024.<br\/>\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142808628\",\"position\":4,\"url\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142808628\",\"name\":\"What drove the timing for this new relationship?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Plug Power identified SK Global many months ago as an ideal global partner to continue expanding the hydrogen economy due to their reach and renowned professionalism as a business partner. Given the scale we have achieved in the United States, we believe that Plug Power is equipped to leverage our existing platform to effectively expand into Asia, where there is significant demand for our products and services. The opportunity with SK presents an attractive and timely opportunity to establish a foothold in this market with one of South Korea\u2019s leading industrial conglomerates.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142827393\",\"position\":5,\"url\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142827393\",\"name\":\"What markets will the JV be targeting? 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SK group is the 2nd largest conglomerate in South Korea and is a highly attractive partner for Plug. SK has established a strategy for building out the hydrogen economy and we believe that SK will be critical for accelerating our expansion into Asian markets.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142859416\",\"position\":7,\"url\":\"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142859416\",\"name\":\"Why was SK Group interested in Plug Power?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SK Group recognized that Plug Power built the first viable hydrogen and fuel cell business.\u00a0 That made this deal possible. 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The anticipated scope of the JV will include manufacturing facilities in Korea, including an Asian gigafactory, to produce and sell products across the entire hydrogen economy value chain, including Plug Power\u2019s GenSure stationary power fuel cell, ProGen fuel cell engine, GenFuel liquid hydrogen and dispensing equipment and Plug Power electrolyzer products. The JV will focus on near-term opportunities in South Korea, taking advantage of captive applications with SK Group.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142782291","position":3,"url":"1xbet promo code:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142782291","name":"What makes this relationship so exciting?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The deal with SK Group is exciting for a number of reasons. 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This partnership provides 1xbet promo code a great opportunity to grow their business well beyond current projections for 2024.<br\/>","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142808628","position":4,"url":"https:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142808628","name":"What drove the timing for this new relationship?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Plug Power identified SK Global many months ago as an ideal global partner to continue expanding the hydrogen economy due to their reach and renowned professionalism as a business partner. Given the scale we have achieved in the United States, we believe that Plug Power is equipped to leverage our existing platform to effectively expand into Asia, where there is significant demand for our products and services. The opportunity with SK presents an attractive and timely opportunity to establish a foothold in this market with one of South Korea\u2019s leading industrial conglomerates.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142827393","position":5,"url":"https:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142827393","name":"What markets will the JV be targeting? What is the market entry strategy?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The JV will focus on near-term opportunities in South Korea, taking advantage of captive applications with SK, and establish local support capability and services in the region. Additionally, we believe that there are significant expansion opportunities in China, Vietnam and other Asian markets.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142843476","position":6,"url":"https:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142843476","name":"Did you consider other partners?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Given our growth objectives, we regularly evaluate all potential partnerships to expand our platform. SK group is the 2nd largest conglomerate in South Korea and is a highly attractive partner for Plug. SK has established a strategy for building out the hydrogen economy and we believe that SK will be critical for accelerating our expansion into Asian markets.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142859416","position":7,"url":"https:\/\/www.plugpower.com\/blog\/plug-power-and-sk-group-partnership\/#faq-question-1610142859416","name":"Why was SK Group interested in Plug Power?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"SK Group recognized that Plug Power built the first viable hydrogen and fuel cell business.\u00a0 That made this deal possible. 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