Hexagon Purus extends framework agreement with leading European green hydrogen producer for hydrogen distribution systems in Europe
30 December 2023 - 6:49AM
Hexagon Purus extends framework agreement with leading European
green hydrogen producer for hydrogen distribution systems in Europe
(Oslo, Norway, 29 December 2023) Hexagon Purus, a world
leading manufacturer of zero emission mobility and infrastructure
solutions, has extended its existing framework agreement (announced
14 October 2022) with a leading European producer of green hydrogen
for delivery of hydrogen distribution systems. The framework
agreement is extended to now also cover the delivery of hydrogen
distribution systems for 2024.
Hexagon Purus’ hydrogen distribution systems with its type 4
hydrogen cylinders will be used to deliver green hydrogen for
mobility and industrial applications in Europe. The minimum value
of the framework agreement is approximately EUR 17
million.
Driving Energy Transformation
“Our hydrogen distribution systems are agnostic to the color of
the hydrogen molecule. The demand from our customers is strong and
there is a trend towards securing future build slots by entering
into long-term framework agreements, a trend that we expect to
further accelerate as green hydrogen becomes increasingly
available”, says Michael Kleschinski, EVP of Hexagon Purus. “We are
very happy to extend the current agreement to support the
distribution of green hydrogen to European mobility and industry
applications”.
About the market
The industrial and mobility sectors account for close to 50% of
annual carbon emissions globally, and hydrogen has an important
role to play in reducing these emissions, particularly in
hard-to-abate sectors. Hexagon Purus’ type 4 based hydrogen
distribution system is the preferred technology for bulk
distribution of hydrogen offering the highest capacity and the
lowest total cost of ownership compared to traditional steel tube
trailers. Making green hydrogen available for use in industrial
processes and mobility is critical to reduce carbon emissions, and
hydrogen is projected to supply up to 25% of the world's energy
needs by 2050.
Timing
Delivery of the hydrogen systems, which will be manufactured in
Hexagon Purus’ facility in Weeze, Germany, is scheduled from Q1
2024 to Q4 2024.
For more information:
Eli Turander, Global Communications Director, Hexagon Purus
Telephone: +47 953 35 795 | eli.turander@hexagonpurus.com
Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47 909 82 242 |
mathias.meidell@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 and follow @HexagonPurus on
Twitter and LinkedIn.
- Hydrogen Distribution Container
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