Nel ASA: Signs collaboration agreement and conducts private placement with SAMSUNG E&A
Nel ASA (OSE:NEL) has entered into a strategic partnership with SAMSUNG E&A through two major agreements. First, an EPC collaboration agreement enabling SAMSUNG E&A to offer complete hydrogen plants using Nel's electrolysers. Second, SAMSUNG E&A will acquire a 10% stake in Nel through a private placement of 167,132,530 newly issued shares at NOK 2.1125 per share, totaling NOK 353 million.
The partnership leverages Nel's expertise in alkaline and PEM electrolyser technology with SAMSUNG E&A's engineering capabilities. SAMSUNG E&A will become Nel's largest single shareholder with a 9.1% post-transaction ownership, subject to a two-year lock-up period. The companies will collaborate on developing consolidated Balance of Stack systems for Nel's Alkaline electrolysers, with SAMSUNG E&A expected to nominate a board member at Nel's 2025 Annual General Meeting.
Nel ASA (OSE:NEL) ha stipulato una partnership strategica con SAMSUNG E&A attraverso due importanti accordi. In primo luogo, un accordo di collaborazione EPC che consente a SAMSUNG E&A di offrire impianti di idrogeno completi utilizzando gli elettrolizzatori di Nel. In secondo luogo, SAMSUNG E&A acquisirà una partecipazione del 10% in Nel tramite un collocamento privato di 167.132.530 azioni di nuova emissione a NOK 2,1125 per azione, per un totale di NOK 353 milioni.
La partnership sfrutta l'esperienza di Nel nella tecnologia degli elettrolizzatori alcalini e PEM con le capacità ingegneristiche di SAMSUNG E&A. SAMSUNG E&A diventerà il maggiore azionista singolo di Nel con una partecipazione del 9,1% dopo la transazione, soggetta a un periodo di lock-up di due anni. Le aziende collaboreranno allo sviluppo di sistemi consolidati Balance of Stack per gli elettrolizzatori alcalini di Nel, con SAMSUNG E&A che si prevede nominerà un membro del consiglio di amministrazione all'Assemblea Generale Annuale di Nel nel 2025.
Nel ASA (OSE:NEL) ha entrado en una asociación estratégica con SAMSUNG E&A a través de dos importantes acuerdos. Primero, un acuerdo de colaboración EPC que permite a SAMSUNG E&A ofrecer plantas de hidrógeno completas utilizando los electrolizadores de Nel. En segundo lugar, SAMSUNG E&A adquirirá una participación del 10% en Nel mediante una colocación privada de 167.132.530 acciones recién emitidas a NOK 2.1125 por acción, totalizando NOK 353 millones.
La asociación aprovecha la experiencia de Nel en tecnología de electrolizadores alcalinos y PEM con las capacidades de ingeniería de SAMSUNG E&A. SAMSUNG E&A se convertirá en el mayor accionista individual de Nel con una propiedad del 9.1% después de la transacción, sujeta a un período de bloqueo de dos años. Las empresas colaborarán en el desarrollo de sistemas Balance of Stack consolidados para los electrolizadores alcalinos de Nel, y se espera que SAMSUNG E&A designe a un miembro de la junta en la Junta General Anual de Nel de 2025.
Nel ASA (OSE:NEL)는 SAMSUNG E&A와 두 가지 주요 계약을 통해 전략적 파트너십을 체결했습니다. 첫째, SAMSUNG E&A가 Nel의 전해조를 사용하여 완전한 수소 플랜트를 제공할 수 있도록 하는 EPC 협력 계약입니다. 둘째, SAMSUNG E&A는 1주당 NOK 2.1125에 새로 발행된 167,132,530주의 사모 배정을 통해 Nel의 10% 지분을 인수합니다. 총액은 NOK 353백만입니다.
이 파트너십은 Nel의 알카라인 및 PEM 전해조 기술에 대한 전문성과 SAMSUNG E&A의 엔지니어링 능력을 활용합니다. SAMSUNG E&A는 거래 후 Nel의 최대 단일 주주가 되어 9.1%의 지분을 보유하게 되며, 이는 2년의 잠금 기간에 따라 제한됩니다. 두 회사는 Nel의 알카라인 전해조를 위한 통합 Balance of Stack 시스템 개발에 협력할 것이며, SAMSUNG E&A는 2025년 Nel의 연례 총회에서 이사회를 지명할 것으로 예상됩니다.
Nel ASA (OSE:NEL) a conclu un partenariat stratégique avec SAMSUNG E&A par le biais de deux accords majeurs. Tout d'abord, un accord de collaboration EPC permettant à SAMSUNG E&A d'offrir des usines d'hydrogène complètes utilisant les électrolyseurs de Nel. Deuxièmement, SAMSUNG E&A va acquérir une participation de 10 % dans Nel par le biais d'un placement privé de 167.132.530 actions nouvellement émises à NOK 2,1125 par action, totalisant NOK 353 millions.
Ce partenariat tire parti de l'expertise de Nel en matière de technologie d'électrolyseurs alcalins et PEM, ainsi que des capacités d'ingénierie de SAMSUNG E&A. SAMSUNG E&A deviendra le plus grand actionnaire individuel de Nel avec une participation de 9,1 % après la transaction, sous réserve d'une période de blocage de deux ans. Les entreprises collaboreront au développement de systèmes consolidés Balance of Stack pour les électrolyseurs alcalins de Nel, SAMSUNG E&A étant attendu pour nommer un membre du conseil d'administration lors de l'Assemblée Générale Annuelle de Nel en 2025.
Nel ASA (OSE:NEL) hat eine strategische Partnerschaft mit SAMSUNG E&A durch zwei wichtige Vereinbarungen geschlossen. Zuerst eine EPC-Zusammenarbeitsvereinbarung, die es SAMSUNG E&A ermöglicht, komplette Wasserstoffanlagen mit Nels Elektrolyseuren anzubieten. Zweitens wird SAMSUNG E&A eine 10%ige Beteiligung an Nel durch eine Privatplatzierung von 167.132.530 neu ausgegebenen Aktien zu NOK 2,1125 pro Aktie erwerben, was insgesamt NOK 353 Millionen ergibt.
Die Partnerschaft nutzt Nels Fachwissen in der alkalischen und PEM-Elektrolyseurtechnologie sowie die Ingenieurkompetenzen von SAMSUNG E&A. SAMSUNG E&A wird nach der Transaktion der größte Einzelaktionär von Nel mit einem Anteil von 9,1%, der einem zweijährigen Sperrfrist unterliegt. Die Unternehmen werden zusammenarbeiten, um konsolidierte Balance-of-Stack-Systeme für Nels alkalische Elektrolyseure zu entwickeln, wobei SAMSUNG E&A voraussichtlich einen Vorstandsmitglied bei der Hauptversammlung von Nel im Jahr 2025 nominieren wird.
- Strategic partnership with major industrial player SAMSUNG E&A strengthens market position
- Significant capital injection of NOK 353 million through share placement
- Enhanced global delivery capabilities through EPC collaboration
- Access to SAMSUNG E&A's engineering expertise and customer base
- 9.1% shareholder dilution for existing stockholders
- Increased dependency on single strategic partner
Nel is a global leader within both alkaline and PEM electrolyser technology, working with clients both directly and through EPC partners. With the SAMSUNG E&A EPC collaboration agreement, Nel continues to widen its global delivery capabilities and strengthen its overall competitiveness.
"Our strategy is to focus on electrolyser stack and balance of stack technology. Therefore, we need to work with EPC companies who can provide balance-of-plant solutions and increase our global market reach. It is an honor that a highly reputable and solid company like SAMSUNG E&A has decided to partner with Nel because of our technology and manufacturing leadership" says Håkon Volldal, President and CEO of Nel ASA.
SAMSUNG E&A, formerly Samsung Engineering, is a Korean total solutions provider, that offers comprehensive solutions for the global energy industry. The company provides a full range of engineering services including feasibility studies, design, procurement, construction, and commissioning across multiple industries with a special focus on smart manufacturing, energy systems, and infrastructure. The company is already involved in several large-scale hydrogen projects globally.
"SAMSUNG E&A will provide integrated electrolyser solutions with competitive value and bankability to green hydrogen project owners with Nel. Green hydrogen is a core technology in clean tech with carbon-neutral technologies and has a high value not only as itself but also as a basic ingredient for green ammonia, green methanol, SAF, and e-fuel," says Hong Namkoong, CEO of SAMSUNG E&A.
"Nel is a market-leading electrolyser company and the only company that has competitive technology in both Alkaline and Proton Exchange Membrane electrolyser with a 100-year history. We are very glad to announce our partnership with Nel", Namkoong says.
The collaboration agreement will enable SAMSUNG E&A to develop and offer its customers complete design packages for hydrogen plants based on Nel's Alkaline and PEM electrolysers. In addition, the two companies will work on a larger consolidated Balance of Stack (BoS) system for Nel's Alkaline electrolysers.
In a separate transaction, Nel ASA will issue 167,132,530 shares to SAMSUNG E&A for
"We appreciate the commitment SAMSUNG E&A demonstrates to the future success of our partnership by becoming a cornerstone investor in Nel," Volldal says.
"SAMSUNG E&A is currently securing hydrogen and carbon-neutral technologies through strategic investments and partnerships to commercialize new technologies and build a technology licensing model. The company is now also exploring new market opportunities based on business development with flagship projects where we work to expand the business model from primarily EPC to more technology-based," Hong Namkoong says.
For additional information, please contact:
Kjell Christian Bjørnsen, CFO, +47 917 02 097
Wilhelm Flinder, Head of IR, Communications & Marketing, +47 936 11 350
About Nel ASA | www.nelhydrogen.com
Nel has a history tracing back to 1927 and is today a leading pure play hydrogen electrolyser technology company with a global presence. The company specializes in Alkaline and PEM technology for production of renewable hydrogen. Nel's product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia.
This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by Wilhelm Finder, Head of Investor Relations, at NEL ASA on the date and time provided.
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SOURCE NEL ASA
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