Nel, a hydrogen electrolyser technology company, has entered into an engineering, procurement, and construction collaboration with SAMSUNG E&A, a South Korea-based energy solutions provider. This partnership will enable SAMSUNG E&A to develop and offer comprehensive design packages for hydrogen plants utilizing Nel's electrolysers. The agreement also includes working on a consolidated balance of stack system for Nel's Alkaline electrolysers. The collaboration aims to enhance Nel's global market reach and technological offerings in the hydrogen sector. Håkon Volldal, Nel's president and CEO, expressed the importance of working with EPC companies to expand their market reach and stated the honor in partnering with SAMSUNG E&A. SAMSUNG E&A's CEO, Hong Namkoong, highlighted the significance of green hydrogen technology in clean energy solutions and its role in various sustainable fuel production. In a separate transaction, SAMSUNG E&A will acquire a 10% stake in Nel through a direct placement, solidifying its position as the largest single shareholder with a 9.1% ownership post-transaction. The financial advisory for the private placement was provided by Morgan Stanley & Co International. The transaction, subject to board approval, signifies a strategic move for both companies in advancing hydrogen technology and plant design.