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 🏭 Nel ASA: Hy Stor Energy Places Gigawatt Capacity Reservation for Mississippi Clean Hydrogen Hub 🛺 Gearing Up for a Green Highway: Air Products Paves the Way for Hydrogen Transp...
Inside this Issue ⚛️ Air Products Announces Plans to Build Network of Commercial-Scale Multi-Modal Hydrogen Refueling Stations Connecting Edmonton and Calgary, Alberta, Canada 🤝 RepAir and Cella L...
Inside this Issue ⛽ FirstElement Fuel, World-Leader in Hydrogen Refueling Solutions, Selected as a Top 40 US GreenTech Company by Time Magazine 💸 Advanced Hydrogen Producing Equipment Wins Top Pri...
Vortex Energy’s Collaboration with the University of Alberta Receives Alberta Innovates Funding
**The University of Alberta will receive a total of $1.2 million from the Government of Alberta, through Alberta Innovates, for the project titled “Field Trial of Hydrogen Storage in Canadian Domal...
FuelCell Energy Announces Debt Financing for Derby Power Projects
Continuing Strong Support for FuelCell Energy Platforms _**Total of $13 Million in Senior and Subordinated Credit Facilities**_ DANBURY, Conn., April 29, 2024 (GLOBE NEWSWIRE) -**\-** [**Fuel...
**Projects in Varennes and Montreal partly funded by the Government of Quebec to increase speed to market to meet accelerating global energy transition demand ---- Establishment of a state-of-the-a...
* **Upgrades add 320 megawatts of capacity to the company's largest "battery"** * **Bad Creek pumped storage technology supports the operational needs of Duke Energy's system, particular...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.