Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon 
Coca-Cola Launches Data-Driven Insights Platform for Retail and Foodservice Industries 
McDonald's Philippines Launches 'Ride the Arches' for Cyclists 
Burger King Introduces Mozzarella Fries: A New Spin on an Old Favorite 
Gas is good until 2050 and beyond, under Albanese gas strategy 
Green industry yes, conservation no: a budget for people, not for nature 
McDonald's Faces Backlash Over $5 Meal Deal: Customers Call It 'Skimpy' 
Nigerians throw naira notes around to show love: but it could land you in jail 
McDonald's China Faces Backlash for Food Hygiene Violations 
Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity 
Why banks consider renewable energy to be a riskier investment than fossil fuels 
The 2023 Sir Paul Curran award for academic journalism goes to Barbara Sahakian 
How supermarkets are changing their branding to make you think they’re cheaper 
Nike vs. Adidas: Anthony Edwards’ and Wembanyama’s Sneakers Soar in Popularity 
Converse Faces Job Cuts as Nike Aims for $2 Billion in Cost Savings 
Skechers Sales Surge as Growth Lags for Nike and Adidas; Nike Eyes 2024 Olympics 
SK E&S, the largest private renewable energy operator in South Korea, has acquired EverCharge, a US-based EV charging solution provider. The company said in a regulatory filing that it would be investing $400 million in SK E&S Americas to help it fund the acquisition and finance other investments in energy solution business areas.
SK E&S Co. is a subsidiary of the SK Group, a top South Korean conglomerate. It announced on Thursday, March 24, that it has bought the said American electric vehicle charging service provider as part of its efforts to move into the green energy business.
According to Yonhap News Agency, SK E&S and EverCharge acquisition deal also include the takeover of the latter's management. Then again, the companies did not disclose the exact details of their agreement. Specific points of the deal were also kept from the public as of this time.
The US-based unit of SK E&S said that this acquisition would help the company effectively meet the demand in the rapidly growing EV charging market. This will also boost its green energy venture.
Based on the report, this is the first time that a Korean firm has ever purchased an American electric vehicle charging firm. EverCharge was launched in 2013, and it is mainly offering charging solution services for EVs.
It also produces its own equipment and has been operating charging stations in the country. As of this time, it is running around 4,600 EV charging stations around North America.
"The EV charging solution including manufacturing, installation, service and aftersales service of chargers enables significant optimization for our customer base which is growing rapidly and ultimately, contributes to rapid deployment of EV fleets," EverCharge chief executive officer, Jason Appelbaum, said in a press release.
On the other hand, SK E&S' vice chairman, Yu Jeong Joon, also said, "Entry into the U.S. EV charging market is a starting point for SK E&S to be transformed into a carbon-neutral energy optimizer as it declared,"
Finally, Yu said that he thinks that SK E&S will soon become a leader in the power solution biz in the North American market. He predicted that this will happen in a few years as the company "leverages its energy solution business capabilities and synergy effects with SK Group."
