A2QKGG Hexagon Purus

Hexagon Purus opens new hydrogen infrastructure and systems manufacturing hub in Weeze, Germany

Hexagon Purus opens new hydrogen infrastructure and systems manufacturing hub in Weeze, Germany

 

(Oslo, 25 January 2024) Hexagon Purus, a world leading manufacturer of zero-emission mobility and hydrogen infrastructure solutions, has expanded its primary manufacturing facility in Weeze, Germany for engineering and production of hydrogen infrastructure products including systems for distribution, refueling and stationary storage.

Hexagon Purus is ramping up its capacity to meet growing customer demand for hydrogen infrastructure solutions as the world transitions to clean energy sources. The existing 11,000m2 state of the art facility in Weeze is now expanded to 16,000m2. The capacity expansion approximately doubles Hexagon Purus’ annual production capacity of type 4 high-pressure hydrogen infrastructure solutions.

“We are proud to open our expanded manufacturing site in Weeze, our fourth to open in the last 12 months,” says Michael Kleschinski, EVP Mobility & Infrastructure. “Hydrogen storage and distribution is a vital part of the hydrogen ecosystem and has been a major growth driver for Hexagon Purus. We continue to take market share for storage and transport of hydrogen of all colors from incumbent solutions due to the competitive total cost of ownership of our Type 4 transport and storage solutions.  We expect this trend to continue as green hydrogen gradually replaces grey and higher capacity improves our ability to meet growing demand.”

The opening at Weeze follows openings of new manufacturing sites for hydrogen cylinder production in Kassel (Germany) in September 2023, battery systems in Kelowna (Canada) in April 2023 and hydrogen cylinders in Westminster (Maryland, US) in January last year.

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. According to the Hydrogen Council, the number of announced hydrogen projects grew in 2023 by about 35% to over 1,400, equaling USD 570 billion investments. Green hydrogen is projected to supply up to 25% of the world's energy needs by 2050.

For more information:

Eli Turander, Global Communications Director, Hexagon Purus

Telephone: | 

Mathias Meidell, Investor Relations Director, Hexagon Purus

Telephone: | 

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  and follow @HexagonPurus on Twitter and LinkedIn

Attachment



EN
25/01/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Hexagon Purus

ABGSC Renewable Energy Research ... (+2)
  • ABGSC Renewable Energy Research
  • Daniel Vårdal Haugland
 PRESS RELEASE

Hexagon Purus ASA: Results for the fourth quarter 2025

Hexagon Purus ASA: Results for the fourth quarter 2025 Key developments in Q4 2025 and after balance sheet date: Revenue of NOK 468 million in the fourth quarter of 2025, 18% higher compared to same period last year. FY 2025 revenue was NOK 1,144 million, down 39% compared to FY 2024;EBITDA of NOK -99 million (-21% margin) in the fourth quarter of 2025, compared to NOK -104 million (-26% margin) in the same period last year. EBITDA in the fourth quarter of 2025 included NOK 76 million of inventory write-downs, warranty provisions, bad debt expense and restructuring costs (“Items Affecting ...

 PRESS RELEASE

Divestment of aerospace business to SpaceX

Divestment of aerospace business to SpaceX (Oslo, Norway, 5 February 2025) Hexagon Purus ASA ("Hexagon Purus" or the “Company”), a world leading manufacturer of zero-emission mobility and infrastructure solutions, has through one of its wholly owned subsidiaries entered into an agreement to divest its aerospace business to Space Exploration Technologies Corp. (“SpaceX”). The transaction comprises the sale of 100% of the shares of Hexagon Masterworks Inc. (“Masterworks”), which supplies high-pressure composite storage cylinders for aerospace and space launch applications in North America, an...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch