Nel ASA and SAMSUNG E&A: A Strategic Alliance for Hydrogen Innovation
March 13, 2025, 5:59 am
In a world racing towards sustainable energy, partnerships are the lifeblood of innovation. Nel ASA, a titan in hydrogen electrolyser technology, has forged a significant alliance with SAMSUNG E&A, a powerhouse in engineering solutions. This collaboration marks a pivotal moment in the green hydrogen landscape.
On March 12, 2025, Nel ASA announced a collaboration agreement with SAMSUNG E&A. This partnership allows SAMSUNG E&A to design and offer complete hydrogen plants using Nel's advanced electrolysers. It’s a match made in energy heaven. The deal doesn’t stop there. SAMSUNG E&A will also acquire 10% of newly issued shares in Nel, making it the largest single shareholder. This investment underscores the confidence SAMSUNG E&A has in Nel’s technology and future.
Nel ASA has been a key player in the hydrogen sector since 1927. With a focus on both alkaline and Proton Exchange Membrane (PEM) electrolyser technology, it has established itself as a leader in renewable hydrogen production. The collaboration with SAMSUNG E&A expands Nel’s global reach and enhances its competitive edge. It’s like adding a turbocharger to an already powerful engine.
SAMSUNG E&A, formerly known as Samsung Engineering, is not just any engineering firm. It’s a total solutions provider with a strong foothold in the global energy market. The company excels in engineering services, from feasibility studies to construction. Their expertise in smart manufacturing and energy systems aligns perfectly with Nel’s vision for a sustainable future. Together, they are poised to tackle the challenges of the green hydrogen economy.
Green hydrogen is the golden child of clean technology. It’s not just a fuel; it’s a key ingredient for creating green ammonia, methanol, and sustainable aviation fuel. The collaboration between Nel and SAMSUNG E&A aims to provide integrated electrolyser solutions that are both competitive and bankable. This partnership is not just about technology; it’s about transforming the energy landscape.
The agreement will enable SAMSUNG E&A to develop complete design packages for hydrogen plants. This means customers will receive tailored solutions that leverage Nel’s cutting-edge technology. The two companies will also work on a consolidated Balance of Stack (BoS) system for Nel’s alkaline electrolysers. This is a strategic move that enhances efficiency and performance.
Financially, the partnership is robust. Nel ASA will issue over 167 million shares to SAMSUNG E&A at a price of NOK 2.1125 per share. This transaction is valued at approximately NOK 353 million. It’s a significant investment that reflects SAMSUNG E&A’s commitment to the partnership. The deal is subject to board approval, but the groundwork is solid.
SAMSUNG E&A’s investment comes with a two-year lock-up agreement. This demonstrates their long-term commitment to Nel and the hydrogen sector. Additionally, the Nel ASA Board of Directors is open to SAMSUNG E&A nominating a member to its board. This integration could foster deeper collaboration and shared vision.
The strategic importance of this partnership cannot be overstated. As the world shifts towards carbon-neutral technologies, the demand for green hydrogen is set to soar. Nel ASA’s technology is a cornerstone of this transition. By collaborating with SAMSUNG E&A, Nel is not just expanding its market reach; it’s positioning itself at the forefront of the green energy revolution.
Both companies are also exploring new market opportunities. SAMSUNG E&A is looking to expand its business model from primarily engineering, procurement, and construction (EPC) to a more technology-driven approach. This shift aligns with global trends towards sustainable energy solutions. It’s a smart move in a rapidly evolving market.
The partnership between Nel ASA and SAMSUNG E&A is a beacon of hope in the quest for sustainable energy. It symbolizes the power of collaboration in driving innovation. As they work together to develop cutting-edge hydrogen solutions, they are not just creating products; they are shaping the future of energy.
In conclusion, the alliance between Nel ASA and SAMSUNG E&A is a significant step towards a greener future. It combines expertise, technology, and vision. Together, they are set to revolutionize the hydrogen industry. This partnership is more than a business deal; it’s a commitment to a sustainable world. As they embark on this journey, the energy landscape will undoubtedly change for the better. The future is bright, and it’s powered by hydrogen.
On March 12, 2025, Nel ASA announced a collaboration agreement with SAMSUNG E&A. This partnership allows SAMSUNG E&A to design and offer complete hydrogen plants using Nel's advanced electrolysers. It’s a match made in energy heaven. The deal doesn’t stop there. SAMSUNG E&A will also acquire 10% of newly issued shares in Nel, making it the largest single shareholder. This investment underscores the confidence SAMSUNG E&A has in Nel’s technology and future.
Nel ASA has been a key player in the hydrogen sector since 1927. With a focus on both alkaline and Proton Exchange Membrane (PEM) electrolyser technology, it has established itself as a leader in renewable hydrogen production. The collaboration with SAMSUNG E&A expands Nel’s global reach and enhances its competitive edge. It’s like adding a turbocharger to an already powerful engine.
SAMSUNG E&A, formerly known as Samsung Engineering, is not just any engineering firm. It’s a total solutions provider with a strong foothold in the global energy market. The company excels in engineering services, from feasibility studies to construction. Their expertise in smart manufacturing and energy systems aligns perfectly with Nel’s vision for a sustainable future. Together, they are poised to tackle the challenges of the green hydrogen economy.
Green hydrogen is the golden child of clean technology. It’s not just a fuel; it’s a key ingredient for creating green ammonia, methanol, and sustainable aviation fuel. The collaboration between Nel and SAMSUNG E&A aims to provide integrated electrolyser solutions that are both competitive and bankable. This partnership is not just about technology; it’s about transforming the energy landscape.
The agreement will enable SAMSUNG E&A to develop complete design packages for hydrogen plants. This means customers will receive tailored solutions that leverage Nel’s cutting-edge technology. The two companies will also work on a consolidated Balance of Stack (BoS) system for Nel’s alkaline electrolysers. This is a strategic move that enhances efficiency and performance.
Financially, the partnership is robust. Nel ASA will issue over 167 million shares to SAMSUNG E&A at a price of NOK 2.1125 per share. This transaction is valued at approximately NOK 353 million. It’s a significant investment that reflects SAMSUNG E&A’s commitment to the partnership. The deal is subject to board approval, but the groundwork is solid.
SAMSUNG E&A’s investment comes with a two-year lock-up agreement. This demonstrates their long-term commitment to Nel and the hydrogen sector. Additionally, the Nel ASA Board of Directors is open to SAMSUNG E&A nominating a member to its board. This integration could foster deeper collaboration and shared vision.
The strategic importance of this partnership cannot be overstated. As the world shifts towards carbon-neutral technologies, the demand for green hydrogen is set to soar. Nel ASA’s technology is a cornerstone of this transition. By collaborating with SAMSUNG E&A, Nel is not just expanding its market reach; it’s positioning itself at the forefront of the green energy revolution.
Both companies are also exploring new market opportunities. SAMSUNG E&A is looking to expand its business model from primarily engineering, procurement, and construction (EPC) to a more technology-driven approach. This shift aligns with global trends towards sustainable energy solutions. It’s a smart move in a rapidly evolving market.
The partnership between Nel ASA and SAMSUNG E&A is a beacon of hope in the quest for sustainable energy. It symbolizes the power of collaboration in driving innovation. As they work together to develop cutting-edge hydrogen solutions, they are not just creating products; they are shaping the future of energy.
In conclusion, the alliance between Nel ASA and SAMSUNG E&A is a significant step towards a greener future. It combines expertise, technology, and vision. Together, they are set to revolutionize the hydrogen industry. This partnership is more than a business deal; it’s a commitment to a sustainable world. As they embark on this journey, the energy landscape will undoubtedly change for the better. The future is bright, and it’s powered by hydrogen.