Samsung E&A, a South Korean group, has acquired 9.1% of Nel ASA, a Norwegian electrolyser specialist, in a $33.2 million capital increase. This move further solidifies Samsung E&A's position in the hydrogen sector. The agreement between the two companies outlines that Samsung E&A will design and provide complete hydrogen production facilities incorporating Nel's electrolysers. This collaborative effort is in line with Nel's strategy of focusing on electrolyser development while partnering for complementary equipment supply. Samsung E&A, previously known as Samsung Engineering, offers comprehensive engineering solutions and is engaged in various large-scale hydrogen projects globally. The company intends to enhance its role in the hydrogen value chain. As part of this acquisition, Samsung E&A has committed to retaining its shares for two years and limiting any increase in its capital stake. Moreover, the company plans to nominate a candidate for Nel's board of directors at the 2025 annual general meeting. The capital increase, involving the issuance of 167,132,530 new shares at $0.19 per share, was based on a seven-day volume-weighted average price and authorized by Nel's general meeting, pending approval from its board of directors. This investment signifies a strategic advancement in structuring the global hydrogen market by combining technological proficiency and industrial capabilities to address the rising need for production infrastructure.