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Announced

SK ecoplant to invest $255m in Bloom Energy.

Synopsis

SK ecoplant, an affiliate of South Korean conglomerate SK Group, agreed to invest $255m in Bloom Energy, a provider of solid oxide fuel cells that produce electricity on-site. "Bloom Energy is SK ecoplant’s largest strategic partner in clean energy. We have seen the unparalleled performance of Bloom Energy’s product over the past three years and the company’s ability to execute and deliver a superior solution. We have also had firsthand experience with Bloom’s new hydrogen fuel cells and highly efficient electrolyzers, and we are excited about the competitive advantage we will have. Our work together has established a shared commitment to sustainability, innovation, and creating value. We are demonstrating our confidence and furthering our commitment to this partnership by making this financial investment," Kyung-II Park, SK ecoplant CEO.

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