Hexagon Purus raises EUR 89 million from private investment companies
By Luke Willetts - 8th February 2024
From left to right - Michael Kleschinski, EVP Hexagon Purus. Morten Holum, CEO of Hexagon Purus and Jim Harris, Managing Director of Hexagon Purus Westminster
Norway / Germany – Late last year, Hexagon Purus ASA of Ålesund, Norway, announced that the company had secured EUR 89 million in funding from strategic investors including Mitsui, Hy24, and Hexagon Composites. This will help fund upcoming investments, including expanding its hydrogen fuel storage tank factory in Weeze, Germany. Hexagon intends to double production capacity to meet rising demand for its hydrogen storage tanks. This will require 90 additional staff, more parking and office space and a hydrogen refuelling station.
Morten Holum, CEO of Hexagon Purus, said:
