Hexagon Purus enters into framework agreement to deliver hydrogen distribution systems in Europe.
Hexagon Purus ASA (“Hexagon Purus”), through its wholly owned subsidiary Wystrach GmbH, a leading hydrogen systems supplier, has secured a framework agreement for delivery of hydrogen distribution systems to a leading European producer of green hydrogen.
Hexagon Purus’ hydrogen distribution systems including its type 4 hydrogen cylinders will be used to deliver hydrogen for transportation and industrial applications in Europe. The minimum value of the framework agreement is approximately EUR 9.7 million (approximately NOK 97 million).
Driving Energy Transformation
Michael Kleschinski, EVP of Hexagon Purus, said:
We are currently experiencing strong commercial momentum within our hydrogen distribution business following the recent push from European authorities to reduce emissions and increase energy security.
“We are very happy to play an important part in supporting European authorities’ ambitious growth plan for hydrogen adoption”.
About the market
The industrial and mobility sectors are accountable 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, over USD 70 billion in government funding is committed to hydrogen investments, more than 500 large-scale hydrogen projects have been announced by the industry to date and green hydrogen is projected to supply up to 25% of the world’s energy needs by 2050.
READ the latest news shaping the hydrogen market at Hydrogen Central
Hexagon Purus enters into framework agreement to deliver hydrogen distribution systems in Europe, Oslo, Norway, October 14, 2022
