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 USD 33 million, also includes a strategic partnership agreement to enhance collaboration in hydrogen technology. The signing ceremony took place on March 12 at the Marriot Marquis Hotel in Houston, USA, attended by top executives, including SAMSUNG E&A President & CEO Hong Namkoong and Nel ASA CEO Håkon Volldal.

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