SK Innovation, which recently cleared a legal dispute with LG Energy to keep its plans for a Georgia factory on track, said it will provide 60 gigawatt-hours of power per year for the venture dubbed “BlueOvalSK.”
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In a regulatory filing to South Korean financial authorities, SK Innovation said it will provide LG Energy a lump-sum payment of 1 trillion won ($888 million) and the same maximum amount in royalties.
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