Published by Todd Bush on December 4, 2023
(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.
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.
>>Read more about Hexagon Purus here
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.
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.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💰 $3.1 Billion in Carbon Management Funding: What It Means for the Future 🛳️ Value Maritime-led Onboard Carbon Capture Project Aims to Capture 80% of CO2 Emissions ✈️ Hydrogen Hy...
Inside This Issue 💰 Canadian Natural Resources Sets $4.2 Billion Budget For 2025, Targets 12% Production Growth 🌍 Scaling Technological Carbon Removal: Insights from Bezos Earth Fund and RMI 🔬 New...
Inside This Issue 🌍 Rebel Fuels Launches to Transform Waste CO2 Into Carbon-Neutral Fuels 🏗️ Demand For Low-Carbon Cement Is On The Rise ⛰️ World’s First Independently Verified Enhanced Weathering...
NEW YORK, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Gigablue, a provider of scalable, affordable carbon dioxide removal (CDR) technologies, announced today that it has signed an agreement with SkiesFifty, ...
OPIS Launches CAMIRO, A New Turnkey Carbon Market Compliance Solution
CAMIRO Provides Professionals with Comprehensive Insights to Inform Carbon Compliance and Clean-Fuels Strategies NEW YORK, Jan. 14, 2025 /PRNewswire/ -- OPIS, a Dow Jones company, today announced ...
Pioneer Energy Partners with Emvolon, Selected by Department of Energy for a $6 Million Grant for Flare Gas to Methanol Technology LAKEWOOD, Colo.--(BUSINESS WIRE)--Pioneer Energy announced today ...
Cleantech investments to reach $670 billion. LONDON, NEW YORK, and SINGAPORE, Jan. 13, 2025 /PRNewswire/ — S&P Global Commodity Insights, the leading independent provider of information, analy...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.