Hexagon Purus has signed a long-term agreement with Nikola Corporation
(
https://nikolamotor.com/) (NASDAQ: NKLA), a global leader in zero-emissions
transportation and infrastructure solutions to develop and supply its high-
performance type 4 hydrogen cylinders. The scope of the agreement is over a
multi-year period with an estimated sales value in excess of EUR 200 million.
The project's development phase will commence in Q2 2021. The technology is
planned to be certified for distribution in European and North American markets.
The long-term agreement also positions Hexagon Purus for potential further
projects within a range of truck and other vehicle applications with Nikola.
"We are proud to partner with Nikola and support the delivery of its flagship
hydrogen fuel-cell trucking solution. Putting these hydrogen-powered trucks on
the road will accelerate the energy transition in heavy-duty transportation,"
said Michael Kleschinski, EVP Light Duty, Distribution & Cylinders, Hexagon
Purus. "The first Hexagon Purus 700 bar hydrogen cylinders will begin testing
and validation later this year in accordance with Nikola's specifications."
Driving energy transformation
The combined competencies of the Hexagon Group, in combination with the
experienced Hexagon Purus specialists, have led to the development of a
portfolio of high-performance cylinders with attractive value proposition.
Hexagon Purus' High-Performance Type 4 Hydrogen cylinders are certified to
multinational standards and are already successfully in service on other fuel
cell trucks and busses.
About the market
The global market for zero-emission mobility solutions, both fuel cell electric
vehicles (FCEV) and battery-electric vehicles (BEV), is expected to grow
significantly over the next several years, according to various market and
industry analyses. Within the commercial vehicle segment, heavy-duty long-haul
and high payload truck applications are in particular expected to benefit from
FCEV technologies powered by hydrogen fuel.
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