Hexagon Purus announced the signing of an exclusive long-term supply arrangement with a major European bus OEM.
Hexagon Purus will provide hydrogen storage systems for the OEM’s next generation two-axle (12 meter) and articulated (18 meter) fuel cell buses. Hexagon Purus has been a long-standing customer of this OEM. Deliveries under the LTA will occur between 2021 and 2024 and are expected to generate around EUR 30 million in revenue (including some deliveries already made in 2021).
The hydrogen storage systems will be manufactured at Hexagon Purus’ factory in Kassel, Germany, and will incorporate Hexagon Purus’ lightweight type 4 cylinders, which enable a 350-kilometer driving range.
“This agreement showcases the close collaboration with our long-standing customer. We both share a common vision and a common interest – to drive zero emission mobility,” says Michael Kleschinski, EVP Hexagon Purus. “We are happy that a growing number of countries are eyeing hydrogen technology, which is a superb, green solution to decarbonize public transportation”.
“We now see the adoption of zero emission mobility solutions accelerating,” says Morten Holum, CEO Hexagon Purus. “As more European countries and cities announce strategic policies to promote the decarbonization of mobility, more commercial vehicles—especially city buses—will be rapidly transitioned”.