South Korea's SK Group to buy 10% in US-based fuel cell maker Plug Power for $1.5b

South Korea's SK Group to buy 10% in US-based fuel cell maker Plug Power for $1.5b

The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea. REUTERS/Kim Hong-Ji

South Korea-based conglomerate SK Group will take a 9.9% stake worth $1.5 billion in hydrogen fuel cell maker Plug Power Inc and form a joint venture to help provide hydrogen fuel cell products to Asian markets, the companies said.

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