Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, has secured a new contract worth EUR 5 million with Samsung C&T Corporation Engineering & Construction Group for the supply of 10 MW of alkaline electrolyser equipment. This partnership marks the initiation of a nuclear-connected hydrogen production plant pilot – a significant step towards utilizing excess nuclear power for hydrogen production. The project focuses on enhancing energy efficiency by harnessing unused energy during periods of oversupply. Håkon Volldal, President and CEO of Nel ASA, expressed satisfaction in being chosen once again to deliver the electrolyser for this groundbreaking project. Samsung C&T, known for its global engineering and construction expertise, aims to strengthen its position in the hydrogen industry through ventures like this, emphasizing sustainability and energy transition. Samsung C&T's Head of Energy Solution Business Unit, Byung Soo Lee, highlighted the importance of reliable electrolysis technology for the success of the project and praised Nel's capability in meeting their expectations. This partnership signifies the first hydrogen production project using nuclear power in Korea, showcasing the potential for clean hydrogen solutions. The purchase order includes alkaline stacks and balance-of-stacks to be produced in Nel's Herøya facility in Norway, known for its advanced automated electrolyser production capabilities. This signifies a significant advancement in the production of hydrogen technology, enabling the realization of a green hydrogen economy in various industries. Overall, the collaboration between Nel ASA and Samsung C&T represents a positive development in the realm of hydrogen production, emphasizing innovation, sustainability, and the efficient utilization of resources for a greener future.