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"Entry Into The U.S. Ev Charging Market" Sk E&S Acquires Evercharge, A Leading U.S. Ev Charging Solutions Provider

PRIVATEMar 23, 2022

Acquiring Company

SK E&S

Acquired Company

EverCharge

EnergySustainabilityNatural ResourcesSoftwareReal EstateTransportation

Description

SK E&S is entering the U.S. electric vehicle charging market.

Quick answer

SK E&S is acquiring EverCharge, announced March 23, 2022.

How much did SK E&S pay for EverCharge?
The deal value was not disclosed.
What does SK E&S do?
SK E&S, established in 1999 and based in Seoul, the Republic of Korea, is an affiliate of SK Group, one of the country's top three business conglomerates with about $137 billion in annual global revenue and more than..

Source: Fundz verified event record.

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Company Information

Company

SK E&S

About

SK E&S, established in 1999 and based in Seoul, the Republic of Korea, is an affiliate of SK Group, one of the country's top three business conglomerates with about $137 billion in annual global revenue and more than 140,000 employees worldwide as of 2021. SK E&S is Korea's largest privately-owned liquefied natural gas (LNG) player with globally integrated value chain from upstream natural gas field to midstream LNG regasification terminal and LNG carriers and to downstream city gas distribution, power generation, and district heating cogeneration businesses in Korea. In addition to the strong LNG value chain, SK E&S invests mainly in four growth sectors: Renewables, Energy Solution, Hydrogen and Clean LNG with carbon capture, utilization, and storage (CCUS) technology. In the Renewables and Energy Solution sectors, SK E&S is a leading renewable energy generator with more than 2.5 GW of solar, wind, and fuel cell project portfolio in Korea, and it is expanding to Southeast Asian markets such as Vietnam, etc. SK E&S currently operates about 700 megawatt hours (MWh) energy storage both in Korea and the U.S., including the largest distributed battery energy storage system (BESS) portfolio in California. For more information on SK E&S, visit skens.com

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Frequently asked

Who acquired EverCharge?

EverCharge was acquired by SK E&S. The deal was reported on March 23, 2022. SK E&S is privately held and operates in Energy.

When did SK E&S acquire EverCharge?

SK E&S's acquisition of EverCharge was reported on March 23, 2022. SK E&S is entering the U.S. electric vehicle charging market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does EverCharge do?

EverCharge is a nationwide solution provider of power-managed EV charging equipment designed to scale EV charging as needed at the lowest possible cost. Specializing in multi-family and fleet applications. It is privately held, operating in Software.

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