Telephone: +47 950 74 950 | Warrier, CFO, Hexagon Purus Telephone: +47 476 12 713 | Romer, SVP Communications, Hexagon Composites ASA Salman Alam, Vice President, Corporate Development, Hexagon Purus Within the commercial vehicle segment, heavy-duty long-haul and high payload truck applications are in particular expected to benefit from FCEV technologies powered by hydrogen fuel. The global market for zero-emission mobility solutions, both fuel cell electric vehicles (FCEV) and battery-electric vehicles (BEV), is expected to grow significantly over the next several years, according to various market and industry analyses. Hexagon Purus’ High-Performance Type 4 Hydrogen cylinders are certified to multinational standards and are already successfully in service on other fuel cell trucks and busses. The combined competencies of the Hexagon Group, in combination with the experienced Hexagon Purus specialists, have led to the development of a portfolio of high-performance cylinders with attractive value proposition. “The first Hexagon Purus 700 bar hydrogen cylinders will begin testing and validation later this year in accordance with Nikola’s specifications.” Putting these hydrogen-powered trucks on the road will accelerate the energy transition in heavy-duty transportation," said Michael Kleschinski, EVP Light Duty, Distribution & Cylinders, Hexagon Purus. “We are proud to partner with Nikola and support the delivery of its flagship hydrogen fuel-cell trucking solution. The long-term agreement also positions Hexagon Purus for potential further projects within a range of truck and other vehicle applications with Nikola. The technology is planned to be certified for distribution in European and North American markets. The project’s development phase will commence in Q2 2021. The scope of the agreement is over a multi-year period with an estimated sales value in excess of EUR 200 million. Hexagon Purus has signed a long-term agreement with Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation and infrastructure solutions to develop and supply its high-performance type 4 hydrogen cylinders.
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