Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex
  • Primary Hydrogen Advances Natural Hydrogen Exploration in Atlantic Canada
  • Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations
  • Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras
  • Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets
  • Why Most Hydrogen Research Will Never Scale—and How Balkan Labs Are Quietly Changing the Game
  • E.ON Cancels 20MW Hydrogen Plant in Essen
  • Repsol Abandons 130MW Hydrogen Project in Puertollano Amid Economic and Technical Concerns
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Hydrogen
Green Hydrogen H2 News

Hexagon Purus invests in cryogenic hydrogen storage firm

Arnes BiogradlijaBy Arnes Biogradlija21/04/20222 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram
Hexagon Purus has agreed to purchase 40% of the liquid hydrogen business of Cryoshelter. The transaction follows Hexagon Composites’ acquisition of a 40% stake in Cryoshelter’s liquid natural gas (LNG) business.

Cryoshelter’s liquid hydrogen tank technology is in its infancy and is based on superior and differentiated LNG technology that delivers greater fuel capacity and longer hold durations (a vital requirement for cryogenic storage) than competitor products. The acquisition adds early-stage experience in liquid hydrogen tank technology for zero-emission mobility applications, which could result in a future complementary product to Hexagon Purus’ market-leading compressed hydrogen cylinder technology.

The transaction’s essential terms and structure

  • EUR 3.5 million for a 40% stake in Cryoshelter’s liquid hydrogen company.
  • The agreement calls for the separation of Cryoshelter into distinct legal organizations for its liquid hydrogen and liquid natural (renewable) gas businesses, allowing Hexagon Purus to invest directly in early-stage liquid hydrogen tank technologies.
  • The division of Cryoshelter’s liquid hydrogen and liquid natural gas businesses reflects the distinct stages of market and product development – there is an established market for liquid natural gas mobility solutions, and Cryoshelter’s technology is already in a pre-commercial phase – whereas the market and products for liquid hydrogen storage are in their infancy, with a longer runway to commercialization.
  • Synergies between the distinct business units are anticipated to be maintained in critical functional areas, when practicable through resource pooling.
  • Over the next few years, Hexagon Purus and Cryoshelter will continue to develop the technology and business.
  • Hexagon Purus has the option to acquire the remaining Cryoshelter stakes over the following five to ten years.
  • The transaction is scheduled to close in the third quarter of 2022, subject to certain closing conditions being met and customary regulatory clearances being obtained.
Share. LinkedIn Twitter Facebook Email

Related Posts

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil's Fawley Complex

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex

09/07/2025
Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

09/07/2025
Hyundai Hydrogen

Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras

09/07/2025
Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets

Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets

09/07/2025
Hydrogen

Why Most Hydrogen Research Will Never Scale—and How Balkan Labs Are Quietly Changing the Game

08/07/2025
hydrogen

E.ON Cancels 20MW Hydrogen Plant in Essen

08/07/2025
Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil's Fawley Complex

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex

09/07/2025
Hydrogen

Primary Hydrogen Advances Natural Hydrogen Exploration in Atlantic Canada

09/07/2025
Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

09/07/2025
Hyundai Hydrogen

Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras

09/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.