Hexagon Purus has delivered a year of solid operational progress and a healthy set of 2024 financial results following a year of accelerated top-line growth achieved through strategic adjustments outlined in our original feature piece.

They are made with a polymer liner and fully wrapped in carbon fibre composite. They are lightweight and have high capacity, making them ideal for fuel cell electric vehicles (FCEVs), including buses, trucks, and other heavy-duty commercial vehicles.

Hexagon’s Type 4 hydrogen cylinders store hydrogen at 350 bar and are designed specifically for use in buses.

Hexagon’s Type 4 hydrogen cylinders store hydrogen at 350 bar and are designed specifically for use in buses. Additionally, the firm claims the tanks provide the Xcelsior with a range of up to 370 miles / 600km.

This so called ‘accelerated bookbuilding process’ created 145,000,000 shares in a “private placement” fund at NOK 6,90 (0.63 USD) per new share. The capital raised will help the company meet its 2025 goals, namely getting a few hundred Tern trucks out the door and ramping up production.

T&BB interviewed senior management at Hexagon Purus and discussed the company’s market positioning as it looks to capitalise on the growing demand for clean transportation technologies needed to drive zero-emission transportation in the Commercial Vehicle (CV) industry.

These hydrogen storage tanks will be produced at the Hexagon Purus facility in Westminster, Maryland and will be used in Gillig’s new fuel cell-powered transit buses.

There was plenty to report from the 2024 edition of the Advanced Clean Transportation (ACT) Expo held at the Las Vegas Convention Center between May 20-23.

Initially set to be released in the U.S. market, the class 8 battery-electric RC8 truck is set to go into series production in Q4 2024, at Hexagon’s new 200,000-square-foot facility in Dallas, Texas. Tern trucks will be available through the Hino dealer network across the U.S.

Hexagon Purus is set to supply hydrogen storage and battery packs to Toyota Motor North America for the series production of its heavy-duty fuel cell powertrains. These HFC powertrains will be manufactured at the Toyota facility in Georgetown, Kentucky.

Hexagon has supplied Ford Trucks with a complete hydrogen fuel storage system for the development of a fuel-cell electric-powered truck (F-Max FCEV) prototype. As a partner in the project, Ford Trucks will develop and deliver the F-Max FCEV, which will operate as part of a larger fleet of zero-emission trucks collecting data from around Europe.

The strategic investors include Mitsui, Hy24, and Hexagon Composites. This will help fund upcoming investments, including expanding its hydrogen fuel storage tank factory in Weeze, Germany.