SAMSUNG E&A has expanded its presence in the green hydrogen market by acquiring a 9.1% stake in Nel ASA, a prominent Norwegian hydrogen company, for approximately $33 million. This acquisition also includes a strategic partnership agreement to enhance collaboration in hydrogen technology. Nel ASA stands out for its expertise in electrolyser solutions for hydrogen production driven by renewable energy, offering both alkaline water electrolysis (AWE) and proton exchange membrane electrolysis (PEM) technologies. Through this partnership, SAMSUNG E&A aims to develop advanced integrated technology solutions for hydrogen production plants, utilizing the strengths of both companies. This move allows SAMSUNG E&A to position itself as a leader in the green hydrogen plant market and expand its footprint in the installation and operation of electrolysers. The synergy between the companies enables the synthesis of eco-friendly fuels like green ammonia, methanol, and e-fuels, crucial for the global energy transition amidst increasing demand for sustainable aviation fuel and other green energy alternatives. Additionally, SAMSUNG E&A reinforces its commitment to energy transition and sustainability through its 'E&Able' strategies focusing on low-carbon solutions, carbon-free initiatives, and environmental sustainability. The CEO of SAMSUNG E&A, Hong Namkoong, emphasized the company's dedication to investing in cutting-edge technologies in hydrogen and carbon neutrality, aiming to attract high-value engineering, procurement, and construction contracts through innovative solutions. This strategic move not only strengthens SAMSUNG E&A's position in the green hydrogen market but also underscores its commitment to a sustainable energy future.