On November 4, 2024, a significant change in the ownership structure of Plug Power Inc. was filed with the SEC. SK E&S Co., Ltd., a company previously holding a beneficial ownership in Plug Power, underwent a merger with SK Innovation Co., Ltd., resulting in the transfer of all beneficial ownership from SK E&S to SK Innovation. This transaction was part of a Merger Agreement dated July 17, 2024, and the filing on November 6, 2024, serves as an exit filing for SK E&S, which no longer holds any shares in Plug Power. The shares in question amount to 54,966,188 shares of common stock, representing 6.2% of the company. The filing was made on behalf of multiple reporting persons including Grove Energy Capital LLC, Plutus Capital NY, Inc., PNES Investments, LLC, PassKey, Inc., SK E&S Americas, Inc., SK Innovation, and SK Inc. This strategic move aligns with SK Innovation's business operations in core energy sectors and marks a significant shift in the shareholder landscape of Plug Power.

On November 4, 2024, a significant change in the ownership structure of Plug Power Inc. was filed with the SEC. SK E&S Co., Ltd., a company previously holding a beneficial ownership in Plug Power, underwent a merger with SK Innovation Co., Ltd., resulting in the transfer of all beneficial ownership from SK E&S to SK Innovation. This transaction was part of a Merger Agreement dated July 17, 2024, and the filing on November 6, 2024, serves as an exit filing for SK E&S, which no longer holds any shares in Plug Power. The shares in question amount to 54,966,188 shares of common stock, representing 6.2% of the company. The filing was made on behalf of multiple reporting persons including Grove Energy Capital LLC, Plutus Capital NY, Inc., PNES Investments, LLC, PassKey, Inc., SK E&S Americas, Inc., SK Innovation, and SK Inc. This strategic move aligns with SK Innovation's business operations in core energy sectors and marks a significant shift in the shareholder landscape of Plug Power.