SAMSUNG E&A completed the acquisition of a 9.1% stake in Nel for $33m.

SAMSUNG E&A, a total solutions provider for the global energy industry, completed the acquisition of a 9.1% stake in Nel, a Norwegian hydrogen company, for $33m. Through this collaboration, SAMSUNG E&A aims to develop an integrated technology solution for hydrogen production plants by combining differentiated technologies and capabilities of both companies. Based on this, it plans to lead the green hydrogen plant market and expand its business to include installing and operating electrolysers.