Nel ASA's subsidiary, Nel Hydrogen Electrolyser AS, has secured a new contract worth EUR 5 million with Samsung C&T for 10 MW of alkaline electrolyser equipment for a nuclear-connected pink hydrogen production plant. This marks Samsung C&T's first hydrogen production project utilizing nuclear power in Korea, with the goal of utilizing excess nuclear power generation for hydrogen production to increase overall energy efficiency. The partnership between Nel ASA and Samsung C&T strengthens as Nel's technology is recognized for its reliability and ability to meet expectations. Nel ASA, a leading hydrogen technology company, specializes in electrolyser technology for renewable hydrogen production and hydrogen fueling equipment for vehicles, contributing to the decarbonization of various industries. The contract includes the production of alkaline stacks and balance-of-stacks in Norway, highlighting Nel's advanced and fully automated electrolyser production line. Samsung C&T, with a focus on global engineering and construction, continues to expand its energy transition business portfolio and aims to develop more opportunities in the clean hydrogen sector. The partnership between Nel ASA and Samsung C&T signifies a significant step towards advancing green hydrogen technologies and energy transition initiatives.