Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, has inked a EUR 5 million deal with Samsung C&T for 10 MW of alkaline electrolyser equipment. This contract is part of Samsung C&T’s first off-grid green hydrogen production project in South Korea.
Project Collaboration with Samsung C&T
Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, has entered into a contract worth approximately EUR 5 million with Samsung C&T Corporation Engineering & Construction Group (‘Samsung C&T’). This collaboration is geared toward supplying 10 MW of alkaline electrolyser equipment for Samsung C&T’s inaugural off-grid green hydrogen production initiative in South Korea.
Promoting Green Hydrogen Industry
Samsung C&T, a global player in engineering, procurement, and construction, is actively participating in the green hydrogen sector with a focus on energy transition projects. The company has forged several agreements related to green hydrogen and aims to strengthen its presence in the energy transition market.
Significance of the Collaboration
Nel’s CEO, Håkon Volldal, expressed enthusiasm about being selected for this pivotal pilot project, emphasizing Samsung C&T’s commitment to learning and developing within the green hydrogen industry. The collaboration aims to contribute to the growth of the green hydrogen sector and foster ongoing cooperation between the two companies.
Production Details
The contract involves a firm purchase order for alkaline stacks and balance-of-stacks (BoS). Nel will produce the electrodes for the project at its Herøya facility in Norway, known as the world’s first fully automated electrolyser production line.
This collaboration signifies a strategic move in advancing both Nel ASA’s and Samsung C&T’s positions in the expanding green hydrogen market, marking a significant step toward sustainable and eco-friendly energy solutions.
Source: prnewswire.com
