SAMSUNG E&A Enters Green Hydrogen Market Through Partnership with Nel ASA
Key Ideas
  • SAMSUNG E&A acquired a 9.1% stake in Nel ASA, a global hydrogen company, for approximately US$ 33 million, signaling its entry into the green hydrogen market.
  • The strategic partnership aims to combine the technologies and capabilities of both companies to develop integrated solutions for hydrogen production plants.
  • SAMSUNG E&A plans to lead the green hydrogen plant market, expand its business to include electrolysers, and attract high-value EPC orders through technological solutions.
  • The collaboration underscores a proactive approach in securing technologies for the energy transition field, focusing on hydrogen and carbon neutrality.
SAMSUNG E&A, a key player in the global energy industry, has expanded its presence in the green hydrogen sector by acquiring a significant stake in Nel ASA, a renowned hydrogen technology company based in Norway. This acquisition, valued at US$ 33 million, marks a strategic move by SAMSUNG E&A to enter the green hydrogen market and drive innovation in hydrogen production. The partnership between the two companies aims to leverage their respective technologies to develop advanced solutions for hydrogen production plants. SAMSUNG E&A's CEO highlighted the company's commitment to technological investment and collaboration in areas such as hydrogen and carbon neutrality. The collaboration is poised to enhance SAMSUNG E&A's offerings in the market, including the installation and operation of electrolysers, positioning the company as a leader in the green hydrogen plant market. With a focus on securing cutting-edge technologies and fostering high-value orders, this partnership sets a positive trajectory for SAMSUNG E&A's growth and impact in the energy transition landscape.
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