(Oslo, 3 December 2023) Hexagon Purus, a world leading manufacturer of zero
emission mobility and infrastructure solutions, has received purchase orders for
the delivery of hydrogen distribution systems to a leading player within the
green hydrogen ecosystem, worth approximately EUR 9.6 million. Hexagon Purus'
hydrogen distribution systems, including its type 4 hydrogen cylinders, will be
used to deliver green hydrogen to industrial applications in Central Europe.
Driving Energy Transformation
"There is a growing need to move hydrogen around, and our distribution systems
are significantly more cost-effective than traditional metal tube transportation
solutions. We expect demand for our systems to gain further momentum as green
hydrogen increasingly becomes part of the hydrogen mix", says Michael
Kleschinski, EVP Hydrogen Infrastructure & Mobility at Hexagon Purus.
About the market
The industrial and mobility sectors account for close to 50% of annual carbon
emissions globally, and hydrogen has a significant role to play in reducing
these emissions, particularly in hard-to-abate sectors. Making green hydrogen
available for use in industrial processes and mobility 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 and more than 1,000 hydrogen projects have been announced globally
to date. Green hydrogen is projected to supply up to 25% of the world's energy
needs by 2050.
Timing
Delivery of the hydrogen systems is scheduled from Q2 2024 to Q3 2024.
For more information:
Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com
(mailto:mathias.meidell@hexagonpurus.com)
Eli Turander, Global Communications Director, Hexagon Purus
Telephone: +47 953 35 795 | eli.turander@hexagonpurus.com
(mailto:eli.turander@hexagonpurus.com)
About Hexagon Purus
Hexagon Purus 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 (http://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