Hexagon Purus Maritime supplies Freire Shipyard with hydrogen fuel system for new Greenpeace vessel

30 Aug 2024 07:00 CEST

Hexagon Purus Maritime, a wholly owned subsidiary of Hexagon Purus, has received
a purchase order for a compressed hydrogen fuel system from Freire Shipyard in
Vigo, Spain. The system will be used on Greenpeace's new 75-meter vessel
featuring advanced green technologies, including hydrogen and e-methanol power
systems. The value of the order is approximately EUR 2.5 million (approx. NOK
29 million).

"We are delighted to support Greenpeace's mission to showcase innovative
solutions for reducing maritime emissions," said Robert Haugen, Managing
Director of Hexagon Purus Maritime. "This partnership underscores our commitment
to pioneering zero-emission technologies and contributing to a sustainable
future for the maritime industry."

Delivery of the hydrogen fuel system is scheduled for 2027.

The Greenpeace vessel, built by Freire Shipyard and designed by Dykstra will
harness wind and solar power through over 2000 square meters of sails, battery
packs, and solar panels. It will also feature advanced power systems enabling
the use of green hydrogen and e-methanol to meet its remaining energy needs.

"Hexagon Purus is committed to actively leading the way in developing zero-
emission alternatives", says Guillermo Freire, Managing Director, Freire
Shipyard. "After a comprehensive tender process, we became confident that
Hexagon Purus Maritime had the ability and highest technical capabilities to
deliver on this exciting project".

Driving Energy Transformation

In 2023, the International Maritime Organization (IMO) adopted a revised
strategy to reduce greenhouse gas (GHG) emissions from international shipping.
The revised strategy includes a common ambition to (i) reach net-zero GHG
emission by or around 2050 and (ii) indicative milestones that call for reducing
total GHG emissions of up to 30% by 2030 and 80% by 2040 measured from GHG
emission levels in 2008.

Making green hydrogen available for use in the maritime sector is crucial to
reducing the world's greenhouse gas emissions. Green hydrogen is expected to
supply up to 25% of the world's energy needs by 2050.

About the market

Hexagon Purus combines maritime experience with extensive hydrogen storage
expertise to provide a holistic approach to zero emission maritime solutions.
Hexagon Purus is at the forefront of developing innovative hydrogen storage
solutions with lightweight composite cylinders that are ideal for maritime
applications.

Hexagon Purus' hydrogen storage and distribution business is well-positioned to
support the ambitious energy transition required in the maritime sector - and to
take a global leading role for integrated products in the emerging maritime
hydrogen market. Together with partners, Hexagon Purus can cover major parts of
the maritime hydrogen value chain.

For more information:

Eli Turander, Global Communications Director, Hexagon Purus
Telephone: +47 953 35 795 | eli.turander@hexagonpurus.com
(mailto: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)

About Freire Shipyard

Construcciones Navales P. Freire (Freire shipyard) is a family-owned company
established in 1895 by Mr. Paulino Freire in Vigo (Spain). Today, Freire builds
and repairs highly complex offshore, oceanographic, hydrographic, research and
fishing vessels as well as luxurious yachts, tall ships, patrol vessels and tugs
for the most demanding owners around the world.

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.

Hexagon Purus Maritime, a wholly owned subsidiary of Hexagon Purus, provides
compressed hydrogen fuel storage systems for maritime applications, helping to
decarbonize the maritime industry. Hexagon Purus combines maritime experience
with extensive hydrogen storage expertise to provide a holistic approach to zero
emission maritime solutions. Hexagon Purus is at the forefront of developing
innovative hydrogen storage solutions with lightweight composite cylinders that
are ideal for maritime applications.

Learn more at www.hexagonpurus.com
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follow @HexagonPurus on X and LinkedIn.

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