Nel ASA Collaborates with SAMSUNG E&A to Expand Global Hydrogen Plant Offerings
Key Ideas
  • Nel ASA and SAMSUNG E&A have signed a collaboration agreement for offering hydrogen plants using Nel's electrolysers, with SAMSUNG E&A becoming Nel's largest shareholder.
  • The agreement focuses on developing hydrogen plant design packages based on Alkaline and PEM electrolyser technology, enhancing global delivery capabilities.
  • SAMSUNG E&A will invest in Nel ASA, acquiring 10% of newly issued shares, showcasing a commitment to green hydrogen and carbon-neutral technologies.
  • The collaboration aims to provide integrated electrolyser solutions for green hydrogen projects, expanding into various industries and driving towards a sustainable future.
Nel ASA, a prominent hydrogen electrolyser technology company, has entered a significant collaboration agreement with SAMSUNG E&A, a Korean total solutions provider in the energy industry. The agreement allows SAMSUNG E&A to offer hydrogen plants designed with Nel's electrolyser technology, solidifying Nel's position as a leader in the field. With SAMSUNG E&A becoming the largest single shareholder in Nel ASA, the collaboration aims to enhance global delivery capabilities and competitiveness. Both companies will work on developing complete design packages for hydrogen plants utilizing Alkaline and PEM electrolyser technology, with a focus on green hydrogen and carbon-neutral solutions. Nel ASA will issue shares to SAMSUNG E&A, representing a strategic investment in advancing renewable hydrogen production. The collaboration signifies a joint effort to provide integrated electrolyser solutions for various industries, emphasizing the importance of green hydrogen in decarbonizing transportation, refining, steel, and ammonia sectors.
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