8 Rivers Capital announced a US $100 MM investment from SK Group, along with the establishment of an 8 Rivers-SK JV to focus on decarbonization of Korean and key Asian markets.
The 8 Rivers-SK Asia JV will combine 8 Rivers' technology with SK's regional footprint to deploy clean hydrogen and zero-emissions power projects across major energy centers in the Asia-Pacific region —a region that currently emits more carbon each year than the rest of the world combined, and which is central to the world's economy and net-zero goals.
"Decarbonizing the global economy is both a multi-trillion-dollar business opportunity and, more importantly, an environmental and social necessity," said 8 Rivers CEO Cam Hosie. "I can imagine no better partner than the SK Group to accelerate gigaton-scale deployment of 8 Rivers' clean, net-zero technologies, helping drive economic and social development globally."