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Nel receives purchase order for 10 MW of electrolyzer equipment from Samsung C&T

Nel H2 Electrolyser AS, a subsidiary of Nel ASA, has signed a contract for 10 MW of alkaline electrolyzer equipment for about €5 MM with Samsung C&T Corporation Engineering & Construction Group (Samsung C&T) for its first off-grid green H2 production project to be deployed in South Korea.

"We are thrilled to have been selected for this pilot project. Samsung C&T is dedicated to learning and developing within the green H2 industry, and we look forward to a productive and fruitful collaboration with the company,” said Nel’s CEO, Håkon Volldal.

Samsung C&T (construction and trading) focuses on global engineering, procurement and construction. The company has signed several green H2 agreements and continues to strengthen its energy transition business portfolio.

"The key to building our energy transition business portfolio is to secure reliable water electrolysis facilities. We are delighted to be able to build a partnership with Nel - a company with remarkable technology and history - through this contract. Samsung C&T hope that the two companies will be able to maintain close relations and continue cooperating in various overseas green H2 production projects," said Samsung C&T’s Head of Energy Solution Business Unit, Byung Soo Lee.

This is a firm purchase order for alkaline stacks and balance-of-stacks (BoS). The electrodes will be produced in the Herøya facility in Norway, the world’s first fully automated electrolyzer production line.