Samsung E&A Co., a South Korean company, has acquired a 9.1% stake in Nel ASA, a Norwegian hydrogen technology company, for $32.8 million. This strategic move aims to propel Samsung E&A into the green hydrogen plant industry. The partnership between the two companies includes a significant investment from Samsung E&A, making it Nel's largest single shareholder. Through this collaboration, Samsung E&A will have access to Nel's electrolyzer technology, which is essential for producing low-emissions hydrogen from renewable or nuclear electricity sources. This investment aligns with Samsung E&A's vision of securing technologies in the energy transition sector, focusing on hydrogen and carbon neutrality. The agreement also allows Samsung E&A to provide hydrogen plant technologies to project operators and expand its business into installing and operating electrolyzers. Nel's expertise in electrolyzers for green hydrogen production positions Samsung E&A to venture into other sectors like green ammonia and e-fuel. This move signifies Samsung E&A's commitment to sustainable energy solutions and signifies a positive step towards a greener future in the hydrogen industry.