Samsung E&A, a key player in the global energy sector, recently disclosed its strategic entry into the green hydrogen market through the acquisition of a 9.1% stake in Norwegian hydrogen company Nel ASA for USD 33 million. This move underscores the company's commitment to advancing sustainable energy solutions. Nel ASA, a pioneer in hydrogen technology, specializes in electrolyser solutions for producing hydrogen using renewable energy. Through this partnership, Samsung E&A aims to create integrated technological solutions for hydrogen production plants, leveraging Nel ASA's expertise. Green hydrogen production technology is essential for synthesizing green ammonia, green methanol, and e-fuels, crucial components for achieving energy transition goals. Samsung E&A is determined to secure a competitive edge in eco-friendly energy sources by forming a long-term alliance with Nel ASA. The company's focus on hydrogen and carbon neutrality aligns with its strategy of addressing societal challenges through technology. Samsung E&A's partnership with Nel ASA is expected to position the company as a leader in the green hydrogen plant market, expanding its capabilities in electrolyser installation and operation. The strategic move reflects Samsung E&A's commitment to accelerating sustainable business ventures and fostering a virtuous business cycle through advanced technological solutions.