Samsung E&A, formerly Samsung Engineering Co., has acquired a 9.1% stake in Norway's hydrogen technology company Nel ASA for 47.6 billion won ($32.8 million). This purchase marks a strategic move by Samsung E&A to delve deeper into the green hydrogen plant industry. Alongside the stake acquisition, the two companies have entered a strategic partnership, with Samsung E&A emerging as Nel's largest single shareholder. This collaboration includes an engineering, procurement, and construction (EPC) agreement, enabling Samsung E&A to offer customers complete hydrogen plants designed using Nel's electrolyzers. Nel, known for its electrolyzer solutions, plays a pivotal role in the production, storage, and distribution of hydrogen from renewable energy sources. The utilization of electrolyzers is key in splitting water into hydrogen and oxygen, thereby enabling the production of green hydrogen with significantly lower greenhouse gas emissions compared to grey hydrogen derived from fossil fuels. Samsung E&A plans to leverage this partnership to provide hydrogen plant technologies to project operators and expand its business into installing and operating electrolyzers. This move aligns with Samsung E&A's broader strategy to proactively secure technologies in the energy transition sectors, including hydrogen and carbon neutrality. The green hydrogen production facilitated by Nel's electrolyzers is poised to open doors for Samsung E&A to explore other green energy sectors like green ammonia, green methanol, and e-fuels, creating a positive outlook for the company's future business expansion.