SAMSUNG E&A, a global energy solutions provider, has officially entered the green hydrogen market by acquiring a 9.1% stake in Norwegian hydrogen company Nel ASA. The acquisition, completed on March 11 for approximately $33 million, also includes a strategic partnership agreement to enhance collaboration in hydrogen technology.
Nel ASA’s Expertise in Hydrogen Technology
Nel ASA is a global player in hydrogen technology. The company specializes in electrolyser solutions for hydrogen production powered by renewable energy. It remains one of the few companies offering both commercially viable electrolyser technologies—alkaline water electrolysis (AWE) and proton exchange membrane electrolysis (PEM). Additionally, Nel ASA continues to develop next-generation, high-performance solutions for both platforms, leveraging its extensive project experience worldwide.
SAMSUNG E&A’s Vision for Green Hydrogen
By partnering with Nel ASA, SAMSUNG E&A aims to develop an integrated technology solution for hydrogen production plants. The collaboration will combine the advanced technologies of both companies, enabling SAMSUNG E&A to lead the green hydrogen plant market while expanding into the installation and operation of electrolysers.
Green hydrogen production using electrolysers is a gateway technology. It enables the synthesis of green ammonia, green methanol, and e-fuels—key to the global energy transition. The demand for eco-friendly fuels like sustainable aviation fuel (SAF), ammonia, and methanol is growing due to global decarbonization efforts. SAMSUNG E&A is positioning itself at the forefront of this transformation.
Commitment to Energy Transition and Sustainability
As per the press release, SAMSUNG E&A has made ‘addressing societal challenges through technology’ a core element of its long-term strategy. The company is accelerating new business ventures in energy transition and sustainability, focusing on its three E&Able strategies:
- E&Able Low: Low-carbon solutions
- E&Able Zero: Carbon-free initiatives
- E&Able Circle: Circular economy and environmental sustainability
CEO’s Statement on the Future of Hydrogen Technology
Hong Namkoong, President and CEO of SAMSUNG E&A stated, “We will continue to invest in and collaborate on cutting-edge technologies in hydrogen and carbon neutrality. Our goal is to create a virtuous business cycle by attracting high-value EPC (engineering, procurement, and construction) contracts through innovative technological solutions”.
With this strategic move, SAMSUNG E&A is strengthening its position in the evolving green hydrogen market. It is also advancing its commitment to a sustainable energy future.
