Samsung E&A, a Korean engineering company, has acquired a 9.1% stake in the Norwegian hydrogen company Nel ASA for $33 million and signed a strategic partnership agreement. Nel specializes in electrolyzer solutions for hydrogen production using renewable energy, focusing on proton exchange membrane (PEM) and alkaline electrolyzers. Through the collaboration, Samsung E&A plans to develop design packages for hydrogen plants based on Nel's electrolyzers and work on a balance of stack system. Both companies aim to enhance green hydrogen technology and increase their global market presence. Nel also secured a €135 million grant agreement with the EU's Innovation Fund to support its electrolyzer technology. Additionally, Samsung E&A won a $1.7 billion EPC contract to build the UAE's first methanol plant, emphasizing green methanol production powered by clean energy.