Hexagon Purus receives order to deliver hydrogen storage systems to HPS Home Power Solutions

(Oslo, Norway, 22 April 2024) Hexagon Purus, a world leading manufacturer of zero-emission mobility and hydrogen infrastructure solutions, has received an order worth approximately EUR 3.8 million for hydrogen storage systems from the German company HPS Home Power Solutions AG, the world’s leading provider of year-round energy storage systems for buildings based on green hydrogen.

Hexagon Purus’ hydrogen storage systems will be used in HPS Home Power Solutions AG’s ‘picea’ product. Solar power from photovoltaic modules is used to provide electricity in the summer. Surplus solar power can be used to produce green hydrogen from water using an electrolyser, providing electricity in the winter. The storage and use is completely emission-free.

Driving Energy Transformation

“Our high-pressure hydrogen storage systems are flexible and scalable, suitable for a wide range of applications, such as storing baseload energy from solar plants” says Matthias Kötter, Managing Director & Sitelead. “We are proud to once again be selected to support HPS, a long-standing partner of Hexagon Purus.”

About the market

The power and building energy sectors account for close to 40% of annual carbon emissions globally, and hydrogen has a significant role to play in reducing these emissions, particularly as baseload electricity from renewable electricity sources such as solar and wind. Making green hydrogen available for use in power and building energy is critical to reducing carbon emissions.

As hydrogen, a key contributor to the energy transition, continues to build momentum globally, more than 30 countries have released hydrogen roadmaps. According to the Hydrogen Council, the number of announced hydrogen projects grew in 2023 by about 35% to over 1,400, equaling USD 570 billion investments. Green hydrogen is projected to supply up to 25% of the world's energy needs by 2050.

Timing

The hydrogen storage systems are scheduled for deliveries from Q2 2024.

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 HPS Home Power Solutions AG

HPS is the global leader in the development and production of integrated energy storage systems based on green hydrogen for homes, multi-family houses and commercial properties. HPS addresses important areas of the energy transition with its innovative year-round electricity storage system - with the product name picea. The surplus energy generated by a photovoltaic system on sunny days is stored as green hydrogen and used in the winter season to supply electricity and heat. Thus, buildings can be provided with solar energy from their own roofs all year round. HPS has won several prestigious awards with picea, including the Handelsblatt Energy Award, the Berlin-Brandenburg Innovation Award and the Sustainability Challenge of the German Sustainable Building Council (DGNB).

Further information: www.homepowersolutions.de.

About Hexagon Purus ASA

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 and LinkedIn.