8 Rivers Capital has secured a $100 million investment from South Korean industrial conglomerate SK Group, in conjunction with the launch of a joint venture focused on the decarbonization of Korean and key Asian markets.
The 8 Rivers-SK joint venture will deploy clean hydrogen and zero-emissions power projects across major energy centers in the Asia-Pacific region.
SK's investment will enable 8 Rivers to accelerate the deployment of clean technologies at the pace and scale that customers and governments now demand globally. The investment also represents one of the largest single private investments in a carbon capture solutions provider to date.
“Decarbonizing the global economy is both a multi-trillion-dollar business opportunity and, more importantly, an environmental and social necessity,” said Cam Hosie, CEO of 8 Rivers. “I can imagine no better partner than the SK Group to accelerate gigaton-scale deployment of 8 Rivers' clean, net-zero technologies,
