Samsung E&A has made a significant move into the green hydrogen market through its acquisition of a 9.1% stake in Nel, a Norwegian global hydrogen company. The partnership, announced on March 11, involves a strategic collaboration agreement to combine the unique technologies and capabilities of both companies. Nel, with a history dating back to 1927, is a pioneer in commercializing water electrolysis technology and offers electrolysis solutions based on renewable energy sources. Their expertise in alkaline electrolysis and next-generation polymer electrolyte membrane technology makes them stand out in the hydrogen market. By working together, Samsung E&A and Nel plan to develop technology solutions for hydrogen production plants and expand into electrolyzer installation and operation. This move is crucial as green hydrogen production is essential for synthesizing environmentally friendly energy sources like green ammonia and e-Fuel, supporting the global energy transition. Samsung E&A aims to establish a leading position in the green hydrogen market through this collaboration, focusing on sectors like sustainable aviation fuel and next-generation maritime fuels. With a core strategy centered around resolving societal challenges through technology, Samsung E&A is committed to investing in hydrogen and carbon neutrality technologies. This partnership with Nel reflects Samsung E&A's dedication to advancing in the energy transition and eco-friendly fields, positioning them as a key player in the future of sustainable energy.