Hexagon Agility secures additional CNG composite fuel system order
In addition to this agreement, Hexagon Agility has received four sets of orders for medium and heavy-duty truck fuel systems in 2021.
ProCab CNG fuel system. Photo Credit: Hexagon Agility
Hexagon Agility (Costa Mesa, Calif., U.S.) a Hexagon Composites (Alesund, Norway) business, signed a master services agreement in June 2020 with a global logistics customer to deliver composite compressed natural gas (CNG) fuel systems for medium and heavy-duty trucks.
Hexagon Agility received its fourth set of orders in 2021 under this agreement, which represent an estimated value of $12.1 million (approx. NOK 106 million). Collectively the orders placed in 2021 represent an estimated total value of $31.5 million (approx. NOK 276 million).
“The coronavirus pandemic caused delivery activity to surge in 2020 and 2021 — increasing the demand for commercial delivery vehicles. We see transportation companies rising to the challenge and actively reducing emissions today by replacing aging fleets with RNG [renewable natural gas] and CNG [compressed natural gas]-fueled trucks,” says Seung Baik, president, Hexagon Agility. “Making the change from diesel to RNG essentially doubles the positive effect, reducing the environmental damage caused by diesel emissions and methane from waste.”
Deliveries of the fuel systems are scheduled to start in the second quarter of 2021.
Hexagon Agility has also received its first 2021 orders under a 2019 agreement to supply CNG, RNG fuel systems to UPS.
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