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Delivery of Type 4 storage systems for rail applications in California add to Hexagon Purus’s extensive delivery prowess.
H2 economy is set back by Trump policies, tariffs and funding pivot to defense and AI, but composite tanks remain a key segment with sales in CNG/RNG, growth in New Space and potential for H2-electric aviation.
Additional natural gas fuel system orders at a value of $4.3 million include more than 20 Class 8 fleets.
Joint venture company has obtained European TPED certification, a critical step to develop local Type 4 tank certification in China, ramp up production capacity.
Fully automated, Industry 4.0 line for hydrogen pressure vessels advances efficiency and versatility in small footprint for next-gen, sustainable composites production.
Hexagon Agility and Hexagon Purus have both signed long-term supply agreements supporting North American OEMs.
Hexagon Purus aims to provide Type 4 hydrogen storage solutions to industrial customers in Norway.
Hexagon Purus chooses Elemental Energy as its distributor in Southern and East Africa, aiming to use its Type 4 cylinders to support green hydrogen projects in the region.
Most recent order of Titan 450 modules, featuring Type 4 composite tanks and a high-strength frame design, will meet oilfield service application needs.
Q4 and full-year 2024 developments saw an 8% and 42% revenue increase, respectively, thanks to various milestones and agreements, though near-term market outlook for 2025 remains undetermined.
