Hexagon Purus has received an order to deliver high pressure cylinders to Talgo, S.A., a leading manufacturer of intercity, standard and high speed passenger trains, for its first hydrogen prototype train.The Talgo Vittal-One train will be built and deployed in Spain and will serve as a testbed for how hydrogen technologies could be implemented in the Iberian Southwest.“There are more than 10,000 diesel trains in operation across Europe that will need to be replaced over the next 15 years. For distances between 400-800 km, hydrogen-powered trains are a smart solution to reduce local emissions without incurring the high cost of electrifying the tracks,” says Michael Kleschinski, Executive Vice President of Hexagon Purus. “We are excited to help develop the solutions needed for this ground-breaking move in public transit.”“Green hydrogen is no longer the future, it is a reality,” says Mr. Emilio García. Innovation Director at TALGO. “The start-up of hydrogen trains such as Talgo’s Vittal-One will improve mobility in our country hand-in-hand with the environment, as it will make it possible to take advantage of the non-electrified Spanish lines, while reducing the carbon footprint.”About the marketReplacing diesel trains with hydrogen-powered trains is a cost-effective way to decarbonize train lines and reduce harmful greenhouse gas emissions. It does not require massive track overhauls and can be achieved by retrofitting existing diesel trains. This is especially beneficial in rural areas where there are more miles to cover, but fewer passengers to justify the expense.Driving energy transformationHydrogen is a clean and safe energy carrier that can be used as fuel for power in numerous applications. Hexagon Purus’ lightweight, durable all-composite Type 4 pressure vessel technology serves a wide range of mobility and storage applications in the hydrogen industry. This contract represents the third hydrogen rail project that Hexagon Purus has supported since the introduction of the world’s first hydrogen powered commuter train in 2018.TimingHexagon Purus’ hydrogen cylinders will be delivered in the second half of 2021.For more information:Karen Romer, SVP Communications, Hexagon Composites Telephone: +47 476 12 713 | karen.romer@hexagongroup.comSalman Alam, Vice President, Corporate Development, Hexagon Purus Telephone: +476 12 713 | salman.alam@hexagongroup.com About Hexagon Purus Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for a cleaner energy future. Hexagon Purus is a world leading provider of Hydrogen Type 4 high-pressure cylinders, complete vehicle systems and battery packs for fuel cell electric and battery electric vehicles (FCEV and BEV) including hybrid mobility applications on light, medium and heavy-duty vehicles, transit buses, ground storage, distribution, marine, rail, and aerospace applications.
Before you continue, please confirm the following:
Professional advisers only
I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.
Important Notice for Investors:
The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.
No Investment Advice:
The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.
High Risks:
Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.
Sole Responsibility:
The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.
No Guarantees:
Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.
Regional Restrictions:
The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.
Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.