SK Group Chairman Chey Tae-won shakes hands with Andrew J. Marsh, CEO of Plug Power, a US hydrogen energy leader, at the SK Serin Building in Jongno-gu, Seoul on the 6th to discuss cooperation measures such as building a hydrogen ecosystem. Provided by SK
SK Group Chairman Chey Tae-won recently held a series of meetings with leaders of leading green energy companies in the United States and is expanding ‘green management’. It seems to be a move that reflects Chairman Choi’s will to foster and invest in the industry, who is taking the lead in building a hydrogen ecosystem.
According to the SK Group on the 7th, Chairman Choi had a series of meetings with the CEOs of American green energy companies at the SK Seorin office building the day before.
Chairman Choi first discussed ways to cooperate in the solution market with Jeff Bishop, CEO of KCE, an American grid solution company. SK E&S secured a 95% stake in KCE last month. Chairman Choi then met with Andrew J. Marsh, CEO of Plug Power, a leading hydrogen energy company, and exchanged opinions on the topic of hydrogen ecosystem.
The grid solution, which KCE has technology, is an energy field that maintains stable electricity demand and supply by utilizing energy storage system (ESS) facilities and artificial intelligence (AI) technology to compensate for the instability of power supply due to the increase in renewable energy. It is a new industry.
Chairman Chey met with KCE CEO Bishop on the same day and said, “Since securing the stability of the power grid is the most important task in order to accelerate the spread of renewable energy in the future, grid solutions are a key technology that can accelerate carbon neutrality (net zero).” By combining KCE’s grid solution capabilities with SK Group’s AI/battery technology, it can grow into the No. 1 grid solution provider in the United States and significantly contribute to realizing ESG value.” SK Group plans to utilize KCE’s grid solution business expertise based on its own battery and software capabilities, and to grow KCE into a world-leading company as well as the United States by 2025 by investing in additional growth funds and upgrading its business model. .
Chairman Choi also met with Plug Power CEO Masi and agreed to build a hydrogen ecosystem through various hydrogen-related technologies. The meeting took place on the same day when Plug Power signed a contract between shareholders to establish a joint venture to jointly promote the Asian hydrogen business with its affiliate SK E&S. Chairman Choi expected, “The hydrogen-related core technology secured by Plug Power and the energy-related infrastructure and network of SK Group will be able to create synergy in achieving carbon neutrality in both Korea and the United States early.”
In response, CEO Masi said, “We received a number of cooperation proposals from Asian companies, but we decided to cooperate with SK Group in consideration of the trust and network of SK Group. answered. According to the contract signed by SK E&S CEO Choo Hyeong-wook and CEO Masi today, the two companies will build a ‘Giga Factory and R&D Center’ that can mass-produce key facilities for the hydrogen business, such as hydrogen fuel cells and water electrolysis facilities, by 2024. It was decided to build in the metropolitan area.
Hyungjun Kim reporter mediaboy@hankookilbo.com
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