-
Markets
-
Equities
Sustainable finance2025 Euronext ESG Trends ReportRead moreA data-driven snapshot of how Euronext-listed companies are advancing their Environmental, Social and Governance (ESG) practices.
-
Indices
Access the white paperInvesting in the future of Europe with innovative indicesRead moreThe first edition of the Euronext Index Outlook series with a particular focus on the European Strategic Autonomy Index.
-
ETFs
The European market place for ETFsEuronext ETF EuropeRead moreInvestors benefit from a centralised market place that will not only bring transparency but also better pricing due to the grouping of liquidity.
- Funds
-
Fixed Income
European Defence BondsGroupe BPCE lists the first bondRead moreFirst financial institution in Europe to issue a bond dedicated to the defence sector
- Structured Products
-
Derivatives
Where European Government Bonds Meet the FutureFixed Income derivativesRead moreTrade mini bond futures on main European government bonds
-
Commodities
- Overview
- Quotes snapshot
- Power Derivatives
- Milling Wheat derivatives
- Corn derivatives
- Spread contracts
- Rapeseed derivatives
- Durum Wheat derivatives
- Salmon derivatives
- Delivery & settlement
- Specifications & arrangements
- Commitments of Traders (CoT) report
- Commodity brokers
Building a sustainable and liquid power derivatives market.Euronext Nord Pool Power FuturesRead moreEuronext and Nord Pool, the European power exchange, announced the launch of a dedicated Nordic and Baltic power futures market.
-
Resources
Designed to help students navigate the complexities of financial marketsEuronext Trading gameRead moreJoin the Euronext Trading Game and step into capital markets. Learn from today’s leaders, explore sustainable opportunities, and trade with confidence.
Hexagon Purus to supply Toyota Motor North America for serial production of heavy-duty fuel cell electric powertrain kits
22 May 2024 07:00 CEST
Issuer
Hexagon Purus ASA
Advanced Clean Transportation (ACT) Expo, Las Vegas, Wednesday 22 May: Hexagon
Purus is pleased to announce it will be supplying components to Toyota North
America (TMNA) for serial production of its heavy-duty fuel cell electric
powertrain kits. Hexagon Purus will be providing a full hydrogen storage system
and high voltage battery pack for the heavy-duty fuel cell electric powertrain
kit(1).
Hexagon Purus's collaboration with Toyota started in 2017 as Toyota began
development of the fuel cell electric powertrain kits for Class 8 trucks,
including the proof of concept "Alpha" truck for the Port of Los Angeles,
supporting the ports' efforts to reduce harmful emissions. Hexagon Purus also
supported the hydrogen-powered heavy-duty fuel cell electric truck powertrain
employed in the "Ocean" trucks used in the ZANZEFF "Shore to Store" program
(2020).
"We are entering a new era in our collaboration with Toyota supplying components
for its fuel cell powertrain kits, to help pave the way for zero emission
commercial transportation. Hydrogen can play a significant role in the reduction
of emissions from heavy-duty transportation," said Todd Sloan, Executive Vice
President of Battery Systems and Vehicle Integration in Hexagon Purus.
"Combining our fuel cell stacks with Hexagon Purus's full hydrogen storage
system and high voltage battery pack provides our customers a one-stop solution
to help meet their needs," said Jay Sackett, Chief Engineer, Advanced Product
Planning Office, Toyota Motor North America.
Toyota Motor Manufacturing Kentucky (TMMK) assembles integrated dual fuel-cell
(FC) modules for use in hydrogen-powered heavy-duty commercial trucks. The fuel
cell kit, including the battery and hydrogen storage systems supplied by Hexagon
Purus, will be sold to heavy-duty truck OEMs for hydrogen-powered heavy-duty
fuel cell electric Class 8 trucks.
Toyota has been granted a Zero Emission Powertrain (ZEP) Executive Order from
the California Air Resources Board (CARB) for its new heavy-duty fuel cell
electric powertrain. The certification helps heavy-duty Class 8 commercial truck
OEMs and operators comply with increasingly strict emissions regulations in the
State of California.
About the market
To reach the 1.5°C ambition set by the Paris agreement back in 2015, the
transportation sector is required to reduce emissions by 75% by 2050. In the
U.S., both Environmental Protection Agency (EPA) and California Air Resources
Board (CARB) have introduced proposals and regulations that address the need for
further reductions in emissions in the transportation sector.
There are approximately 1.8 million commercial trucks operating in California
daily across a various set of classes including amongst other 219,000 class 7
and 8 trucks. According to CARB, the combined effect from the ACT and ACF
regulations will lead to approximately 0.5 million ZEVs on the road by 2035 in
California, increasing to 1.6 million in 2050.
Notes for Media
1. A vehicle chassis with Hexagon Purus hydrogen storage system and high
voltage battery pack will be on display at the Toyota Stand at Booth (4145)
at ACT Expo.
2. Interviews with Hexagon Purus executives can be arranged at ACT Expo, with
CEO Morten Holum and EVP Todd Sloan present.
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
(mailto:mathias.meidell@hexagonpurus.com)
Joshua Burns, Toyota Mobility Communications
Toyota Motor North America I Joshua.Burns@toyota.com
(mailto:Joshua.Burns@toyota.com)
About Hexagon Purus
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
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for
more than 65 years, and is committed to advancing sustainable, next-generation
mobility through our Toyota and Lexus brands, plus our more than 1,800
dealerships.
Toyota directly employs more than 63,000 people in North America who have
contributed to the design, engineering, and assembly of nearly 47 million cars
and trucks at our 12 manufacturing plants. By 2025, Toyota's 13th plant in North
Carolina will begin to manufacture automotive batteries for electrified
vehicles. With more electrified vehicles on the road than any other automaker,
Toyota currently offers 28 electrified options.
For more information about Toyota, visit www.ToyotaNewsroom.com.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Hexagon Purus ASA
Provider
Oslo Børs Newspoint
Company Name
HEXAGON PURUS ASA
ISIN
NO0010904923
Symbol
HPUR
Market
Euronext Oslo Børs