SK Group

South Korea’s SK Group, the parent company of Nvidia‘s chip supplier SK Hynix, has announced plans to amass 80 trillion won ($56 billion) by 2026. The funds will be primarily directed towards investments in artificial intelligence (AI) and semiconductors. What Happened: The company...

In December 2023, Bloom Energy Corp (NYSE: BE) inked a deal with SK Ecoplant, a subsidiary of South Korean conglomerate SK Group, for the sale of its electrolyzer technology for hydrogen production. The company has several catalysts for 2024, including cost reductions, improvements in its...

Plug Power Inc (NASDAQ: PLUG) shares are moving sharply lower following the release of its fourth-quarter results. What Happened: Hydrogen fuel-cell energy company Plug Power announced its financial results for the fourth-quarter ended Dec. 31, and the completion of the $1.6 billion capital...