Nel ASA wins 10 MW Order from Samsung C&T for Nuclear-Linked Hydrogen

06 Dec 2024 CW Team

Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, announced a new purchase order from Samsung C&T Corporation Engineering & Construction Group for 10 MW of alkaline electrolyser equipment, valued at approximately EUR 5 million. This order marks a significant step for Samsung C&T’s pilot project for nuclear-connected (pink) hydrogen production.

Earlier this year, Nel secured its first contract with Samsung C&T for an off-grid solar-powered project. The new pilot plant will explore the commercial viability of producing hydrogen from surplus nuclear power, aiming to boost energy efficiency by harnessing excess energy during periods of oversupply.

Håkon Volldal, President and CEO of Nel ASA, commented, “Samsung C&T has ambitious hydrogen initiatives, and we are honored to be chosen again to provide the electrolyser for this significant project.”

Samsung C&T, known for its expertise in engineering, procurement, and construction, has made substantial strides in the green hydrogen sector as part of its energy transition strategy. Byung Soo Lee, Head of Energy Solution Business Unit at Samsung C&T, stated, “This is Korea’s first hydrogen production project utilising nuclear power. Nel's proven technology meets our reliability standards, and we look forward to continuing our partnership to expand opportunities in the clean hydrogen market.”

The order includes alkaline stacks and balance-of-stacks (BoS), with production taking place at Nel’s Herøya facility in Norway—the world’s first fully automated electrolyser production line.

(PrNewswrire)

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..