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Stock impact report

South Korea's SK Group To Buy U.S. Energy Storage Developer [Financial Post (Toronto, Ontario, Canada)]

Plug Power, Inc. (PLUG) 
Last plug power, inc. earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.plugpower.com/home/default.aspx
Company Research Source: Financial Post
The industrial giant said it plans to invest $1 billion in Key Capture Energy to develop battery systems in the U.S. Northeast, Midwest and Texas. The figure includes the purchase price, which wasn't disclosed. Just in time for back to school (knock on wood), life hacks for working mothers Advertisement The American market for large-scale battery systems is expected to boom as utilities and grid operators buy more to back up deployments of carbon-free wind and solar power. Advertisement Article content “All across the U.S., the decreasing price in batteries is making more markets more competitive very quickly,” Jeff Bishop, co-founder and chief executive officer of Albany, New York-based Key Capture Energy, said in an interview. SK Group's move comes after a $1.5 billion investment in January in American fuel-cell maker Plug Power Inc., one of the biggest hydrogen deals ever. The South Korean company also put $75 million into a joint venture with solar and battery provi Show less Read more
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