Nel has been awarded a contract worth €5m to provide 10MW of alkaline electrolyser equipment to Samsung C&T Corporation and Engineering Construction Group for a hydrogen project in South Korea. This deal follows a previous contract signed earlier in 2024 for an off-grid project based on solar power. The current collaboration aims to establish a demonstration plant to validate the commercial model for nuclear pink hydrogen. The project's core objective is to produce hydrogen by harnessing excess nuclear power, thereby maximizing energy efficiency by utilizing surplus energy during periods of oversupply. Samsung C&T's Head of Energy Solution Business Unit, Byung Soo Lee, commended Nel's technology for its reliability and expressed the hope for a continued partnership to explore more opportunities in the clean hydrogen sector. Håkon Volldal, President and CEO of Nel, highlighted the significance of this partnership, emphasizing Samsung C&T's ambitious plans in the hydrogen industry. The joint effort represents a groundbreaking initiative as it marks the first hydrogen production project utilizing nuclear power in Korea, setting a precedent for sustainable energy practices in the region.