Hexagon Purus has received purchase orders for the delivery of H2 distribution systems to a leading player within the green H2 ecosystem, worth approximately €9.6 MM. Hexagon Purus’ H2 distribution systems, including its type 4 H2 cylinders, will be used to deliver green H2 to industrial applications in Central Europe.
“There is a growing need to move H2 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 H2 increasingly becomes part of the H2 mix,” said Michael Kleschinski, EVP H2 Infrastructure & Mobility at Hexagon Purus.
The industrial and mobility sectors account for close to 50% of annual carbon emissions globally, and H2 has a significant role to play in reducing these emissions, particularly in hard-to-abate sectors. Making green H2 available for use in industrial processes and mobility is critical to reduce carbon emissions.
As H2, a key contributor to the energy transition, continues to build momentum globally, more than 30 countries have released H2 roadmaps. $320 B in direct investments into H2 projects have been announced through 2030 and more than 1,000 H2 projects have been announced globally to date. Green H2 is projected to supply up to 25% of the world's energy needs by 2050.
Delivery of the H2 systems is scheduled from Q2 2024 to Q3 2024.