Hexagon Purus Maritime opens new office in Ålesund, Norway

(Oslo, 8 February 2024) — Hexagon Purus Maritime, a wholly owned subsidiary of Hexagon Purus, is moving to new premises in Ålesund in line with increasing demand for innovative hydrogen storage solutions for maritime applications. Hexagon Purus Maritime is at the forefront of developing complete hydrogen fuel systems on board vessels, based on its innovative Type 4 high-pressure cylinders.

"We expect that the demand for hydrogen fuel systems will increase in line with the race to decarbonize the shipping industry. Compressed hydrogen is the natural choice for zero emissions in shipping where batteries are no longer sufficient. This applies especially to vessels with short and predictable routes, for example, passenger ferries, inland or coastal cargo vessels, supply and service vessels for offshore wind farms, as well as fish farming", says Morten Holum, CEO, Hexagon Purus.

The new premises at the Devold factory in Ålesund consist of 450 square meters of office space in addition to a 150 square meter workshop, with the possibility of expansion in the future. Hexagon Purus Maritime now has 9 employees.

Hexagon Purus Maritime is currently building hydrogen fuel systems for the training vessel SKULEBAS for Hvide Sande Shipyard and for the world's first hydrogen-powered workboat for fish farming for Moen Marin, the world's largest supplier of workboats to the fish farming industry.

"Hexagon Purus Maritime offers complete hydrogen fuel systems for maritime vessels. The systems are emission-free in operation and thus contribute to the fight against climate change. The Devold factory's historical connection to green energy and winding technology harmonizes well with our commitment to sustainability and innovation", says Robert Haugen, Managing Director, Hexagon Purus Maritime.

Over the past twelve months, Hexagon Purus has opened new production facilities for hydrogen storage systems in Weeze (Germany), hydrogen cylinders in Kassel (Germany), battery systems in Kelowna (Canada) and hydrogen cylinders in Westminster (Maryland, USA).

About the market

In 2023, the International Maritime Organization (IMO) adopted a revised strategy to reduce greenhouse gas (GHG) emissions from international shipping. The revised strategy includes a common ambition to (i) reach net-zero GHG emission by or around 2050 and (ii) indicative milestones that call for reducing total GHG emissions of up to 30% by 2030 and 80% by 2040 measured from GHG emission levels in 2008.

Making green hydrogen available for use in the maritime sector is crucial to reducing the world's greenhouse gas emissions. Green hydrogen is expected to supply up to 25% of the world's energy needs by 2050.

For more information:

Eli Turander, Global Communications Director, Hexagon Purus
Telephone: +47 953 35 795 | eli.turander@hexagonpurus.com

Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com

About Hexagon Purus Maritime

Hexagon Purus Maritime is a wholly owned subsidiary of Hexagon Purus - a global leader in manufacturing zero-emission mobility and hydrogen infrastructure solutions. Hexagon Purus enables zero emission mobility for a cleaner energy future. The company is a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, battery systems and vehicle integration solutions for fuel cell electric and battery electric vehicles. Hexagon Purus' products are used in a variety of applications including light, medium and heavy-duty vehicles, buses, ground storage, distribution, refueling, maritime, rail and aerospace.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on Twitter/X and LinkedIn