Samsung E&A, a global energy solutions provider, has acquired a 9.1% stake in Nel ASA for $33 million as part of its strategy to enter the green hydrogen market.
The investment reflects Samsung E&A’s commitment to advancing clean energy technologies and expanding its presence in the hydrogen sector. Nel ASA, a leading Norwegian hydrogen company, specializes in developing electrolyzer technology for hydrogen production.
With this acquisition, Samsung E&A aims to strengthen its position in the renewable energy sector and contribute to the development of hydrogen-based solutions. The company plans to leverage Nel ASA’s expertise to enhance its capabilities in green hydrogen production and infrastructure.
The move aligns with global trends toward cleaner energy alternatives, as industries and governments increasingly focus on reducing carbon emissions and promoting sustainable energy sources.
Get the latest supply chain report news insights at The Supply Chain Report. For international trade resources, visit ADAMftd.com.
#GreenHydrogen #RenewableEnergy #SustainableFuture #HydrogenInvestment #EnergyTransition
