SAMSUNG E&A acquires equity in Nel ASA
Published by Ellie Brosnan,
Editorial Assistant
Global Hydrogen Review,
SAMSUNG E&A, a total solutions provider for the global energy industry, has announced its full-scale entry into the green hydrogen market with the acquisition of equity in Norwegian hydrogen company Nel ASA.
On 12 March 2025, SAMSUNG E&A disclosed that it has acquired a 9.1% stake in the global hydrogen company Nel ASA, Norway, for approximately US$33 million and signed a strategic partnership agreement for strategic collaboration. The signing ceremony took place at the Marriot Marquis Hotel in Houston, USA, with top executives from both companies in attendance, including Hong Namkoong, President and CEO of SAMSUNG E&A, and Håkon Volldal, CEO of Nel ASA.
Headquartered in Norway, Nel, offers various electrolyser solutions for hydrogen production based on renewable energy. Nel offers two commercially ready electrolyser technologies, alkaline water electrolyser (AWE) and proton exchange membrane electrolysis (PEM), with extensive project experience worldwide on both platforms.
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 develop the green hydrogen plant market and expand its business to include installing and operating electrolysers.
Green hydrogen production technology using electrolysers is a gateway technology for synthesising green ammonia, green methanol, and e-fuel, therefore an essential technology for energy transition. The global eco-friendly energy market, including sustainable aviation fuel (SAF), ammonia, and methanol, is attracting attention as a next-generation marine fuel, rapidly expanding due to global decarbonisation and emerging environmental regulations. Accordingly, SAMSUNG E&A plans to secure a pre-emptive technological position in the green hydrogen market by establishing a long-term partnership with Nel.
Hong Namkoong, President and CEO of SAMSUNG E&A, stated: “We will continue to proactively secure technologies in the energy transition field, such as hydrogen and carbon neutrality, through technological investment and collaboration.”
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/12032025/samsung-ea-acquires-equity-in-nel-asa/
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