SK E&S to acquire a majority stake in Key Capture Energy.

SK E&S, a global clean energy & solution provider, agreed to acquire a majority stake in Key Capture Energy, a developer, owner and operator of energy storage projects in the United States. The transaction is expected to close in the fourth quarter of 2021, subject to customary conditions and terms that were not disclosed. Financial terms were not disclosed. "SK E&S's investment marks their confidence in our team, our strategy, and in the tremendous potential of the US energy storage market, which is estimated to be a $8.5bn annual market in 2026. We look forward to working responsibly with SK E&S, project by project, to become the US market leader in energy storage," Jeff Bishop, Key Capture Energy Co-Founder and CEO.