Published by Todd Bush on January 1, 2024
(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.
“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”.
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.
Delivery of the hydrogen systems, which will be manufactured in Hexagon Purus’ facility in Weeze, Germany, is scheduled from Q1 2024 to Q4 2024.
>> Additional Reading: Hexagon Purus Awarded Purchase Order by Ford Trucks to Deliver a Hydrogen Fuel Storage System for Their Prototype Heavy-duty Truck
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.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue ✈️ U.S. Department of the Treasury, IRS Release Guidance to Drive American Innovation, Cut Aviation Sector Emissions 🛫 ESS Technology Takes Off at Schiphol to Decarbonize Air Tra...
Inside this Issue 🔩 Air Products to Showcase Decarbonization Solutions for Iron and Steel Production at AISTech2024 🌐 Plug Signs MOU with Allied Green Ammonia for 3GW of Electrolyzer Supply at Wor...
Inside this Issue 🎯 Carbon Clean Achieves Fabrication Milestone on Flagshipone With the Project’s First Carbon Capture Unit Module 🚍 Powering Clean Commutes: Ballard and Wrightbus Team Up for Hydr...
_Biden-Harris Administration Partners Announce Updated GREET Model to Measure Lifecycle Emissions from Sustainable Aviation Fuels_ WASHINGTON – Today the [U.S. Department of the Treasury and In...
A Sustainable Future for Steel: Air Products Paves the Way at AISTech2024
Decarbonizing steel production has become an imperative as we aim for a more sustainable future. The traditional methods have resulted in considerable environmental costs due to the substantial car...
ESS Technology Takes Off at Schiphol to Decarbonize Air Transportation
_Commissioning of ESS Energy Warehouse will support electrification of ground operations and reduce emissions at Amsterdam Airport Schiphol_ May 06, 2024 09:00 AM Eastern Daylight Time AMSTER...
BOLINGBROOK, Ill., May 6, 2024 /PRNewswire/ -- Today, **Parker Meeks, Chief Executive Officer of** [**Hyzon**](https://www.hyzonfuelcell.com) (NASDAQ: HYZN), a _U.S.-based, leading hydrogen fuel ce...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.