Hexagon Agility receives significant order for RNG fuel systems from major refuse fleet in North America

13 Aug 2024 07:00 CEST

13 August 2024: Hexagon Agility, a subsidiary of Hexagon Composites, has
received orders for renewable natural gas (RNG) fuel systems from a major refuse
fleet in North America. The orders have a total value of USD 18.7 million
(approximately NOK 203 million).

"We are proud to enable this refuse fleet to achieve cost-effective, carbon
-negative transportation without compromising their existing business
operations," says Eric Bippus. "Refuse fleets face the challenge of heavy
payloads and unique and demanding operating environments.  Making the switch to
RNG offers fleets a proven and profitable option that reduces their carbon
footprint - and provides a reliable and cost-effective solution for critical
fleet operations."

About the market

RNG captured from organic material in agricultural, wastewater, landfill, or
food waste can produce carbon-negative results when fueling on-road vehicles
like short- and long-haul trucks, transit buses, and refuse and recycling
collection vehicles.

According to The Transport Project (formerly NGVAmerica) in the U.S. in 2023,
79% of all on-road fuel used in natural gas vehicles was RNG. This number grew
by 16% compared to 2022 volumes, increasing 234% over the last six years.

Timing
Deliveries of the RNG fuel systems are scheduled to start in the third quarter
of 2024.

For more information:
Karen Romer, SVP Communications, Hexagon Composites ASA
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com

Ingrid Aarsnes, VP Investor Relations and ESG, Hexagon Composites ASA
Telephone: +47 950 38 364 | ingrid.aarsnes@hexagongroup.com

About Hexagon Agility
Hexagon Agility, a business of Hexagon Composites, is a leading global provider
of clean fuel solutions for commercial vehicles and bulk gas transportation. Its
product offerings include (renewable) natural gas bulk distribution systems of
compressed gases, light-weight Type 4 composite natural gas cylinders, and
(renewable) natural gas fuel systems. These products transport clean gaseous
fuels and enable vehicles to reduce emissions while saving operating costs.
Learn more at hexagonagility.com and follow @HexagonAgility on X and LinkedIn.

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our
solutions enable storage, transportation and conversion to clean energy in a
wide range of mobility, industrial and consumer applications. Learn more at
hexagongroup.com and follow @HexagonASA on X and LinkedIn.

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