Hexagon Purus enters into framework agreement to deliver hydrogen distribution systems to a leading global energy company
July 05 2023 - 5:15AM
Hexagon Purus enters into framework agreement to deliver hydrogen
distribution systems to a leading global energy company
(Oslo, 5 July 2023) Hexagon Purus, a world leading manufacturer
of zero emission mobility and infrastructure solutions, has secured
a five-year framework agreement for the delivery of hydrogen
distribution systems to a leading global energy company. Hexagon
Purus’ hydrogen distribution systems including its type 4 hydrogen
cylinders will be used to deliver hydrogen to a network of hydrogen
refueling stations in Europe. The framework agreement represents a
potential sales value of approximately EUR 27 million.
Driving Energy Transformation
“The demand for our distribution system technology continues to
remain strong on the back of increased use of hydrogen as feedstock
in industry processes but also increasingly for zero-emission
mobility. Our hydrogen distribution systems based on Type-4
high-pressure cylinders offers the optimal combination of weight
and payload resulting in lower total cost of ownership compared to
other available technologies for transportation of hydrogen”, says
Michael Kleschinski, EVP of Hexagon Purus.
About the market
The mobility sector is accountable for approximately 20% of
annual carbon emissions globally, and hydrogen has a significant
role to play in reducing these emissions. Making green hydrogen
available for use in the mobility sector and in other “hard to
abate” industrial sectors is critical to reduce carbon
emissions.
As hydrogen, a key contributor to the energy transition,
continues to build momentum globally, more than 30 countries have
released hydrogen roadmaps, USD 320 billion in direct investments
into hydrogen projects have been announced through 2030, more than
1,000 hydrogen projects have been announced globally to date and
green hydrogen is projected to supply up to 25% of the world's
energy needs by 2050.
For more information:
Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47 909 82 242 |
mathias.meidell@hexagonpurus.com
About Hexagon Purus
Hexagon Purus, a Hexagon Composites company, enables zero
emission mobility for a cleaner energy future. The company is a
world leading provider of hydrogen Type 4 high-pressure cylinders
and systems, battery systems and vehicle integration solutions for
fuel cell electric and battery electric vehicles. Hexagon Purus'
products are used in a variety of applications including light,
medium and heavy-duty vehicles, buses, ground storage,
distribution, refueling, maritime, rail and aerospace.
Learn more at www.hexagonpurus.com and follow @HexagonPurus on
Twitter and LinkedIn.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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