Loading...
Loading...
Hexagon Purus acquires 40% stake in Cryoshelter for its innovative liquid hydrogen storage technology
Hexagon Purus acquires 40% stake in Cryoshelter for its innovative liquid hydrogen storage technology

Hexagon Purus acquires 40% stake in Cryoshelter for its innovative liquid hydrogen storage technology

As a means to further delve into the hydrogen industry, Hexagon Purus has acquired a 40% stake in cryogenic hydrogen storage technology Cryoshelter with a focus on liquid hydrogen.

Although the liquid hydrogen tank technology is at an early stage in its development cycle, Hexagon sees the potential of it within the industry and has moved early to secure future complementary capabilities.

The technology will be utilised within zero-emission mobility applications and could also complement Hexagon’s compressed hydrogen cylinder technology.

Morten Holum, CEO of Hexagon Purus, said, “We remain strong believers in our market leading compressed hydrogen cylinder technology and that it will continue to play a key role in decarbonising the global mobility sector.

“The investment into Cryoshelter’s early phase liquid hydrogen tank technology can potentially strengthen and complement our future hydrogen capabilities to drive zero emission mobility.”

Dr. Matthias Rebernik, CEO and Founder of Cryoshelter, said, “We are very proud to team up with Hexagon Purus to develop market leading technology for storage of liquid hydrogen.

“Liquid hydrogen is currently in a very early stage and Hexagon Purus’ investment into our company is a validation of our technology.”

Did you know H2 View is the only media publication to be recognised as an official partner of the Hydrogen Council?

This means we get exclusive columns, interviews and studies that you won’t find anywhere else. Along with our featured webinars and events, H2 View is the go to global platform for the hydrogen industry.

Become a subscriber today to make sure you don’t miss out. Already a subscriber? Log in here.


About the author
Related Posts
Loading...
Loading feed...
Please wait...