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SAMSUNG E&A acquires stake in Nel ASA for hydrogen

PRIVATEMar 12, 2025

Acquiring Company

SAMSUNG E&A

Acquired Company

Nel Hydrogen

Gangdong-guOsloManufacturingEnergyOil And GasRenewable EnergyConstructionManufacturingEnergyRenewable Energy

Description

SAMSUNG E&A has acquired a 9.1% stake in Norwegian hydrogen company Nel ASA for approximately USD 33 million. The acquisition, completed on March 11, also includes a strategic partnership to enhance hydrogen technology collaboration. This move positions SAMSUNG E&A at the forefront of the green hydrogen market and reflects its commitment to sustainability.

Company Information

Company

SAMSUNG E&A

Location

Gangdong-gu, Seoul, South Korea

About

SAMSUNG E&A is a global energy solutions provider focused on innovative technologies in energy transition and sustainability. The company aims to lead the green hydrogen market by developing integrated technology solutions for hydrogen production. SAMSUNG E&A is committed to addressing societal challenges through technology and advancing eco-friendly fuel alternatives.

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Frequently asked

Who acquired Nel Hydrogen?

Nel Hydrogen was acquired by SAMSUNG E&A, based in Gangdong-gu. The deal was reported on March 12, 2025. SAMSUNG E&A is a global energy solutions provider focused on innovative technologies in energy transition and sustainability. SAMSUNG E&A is privately held and operates in Manufacturing.

When did SAMSUNG E&A acquire Nel Hydrogen?

SAMSUNG E&A's acquisition of Nel Hydrogen was reported on March 12, 2025. SAMSUNG E&A has acquired a 9.1% stake in Norwegian hydrogen company Nel ASA for approximately USD 33 million. The acquisition, completed on March 11, also includes a strategic partnership to enhance hydrogen technology collaboration. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Nel Hydrogen do?

Nel Hydrogen is the first dedicated hydrogen company on the Oslo Stock Exchange. We have our roots from the hydrogen activities of Norsk Hydro, dating back to 1927. It is privately held, operating in Manufacturing, and is based in Oslo.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.