Hexagon Purus, through its wholly owned subsidiary, Wystrach GmbH, a leading hydrogen systems supplier, has received an order for hydrogen storage systems from the German company HPS Home Power Solutions GmbH (HPS).
The hydrogen storage systems are scheduled for deliveries from Q2, 2022.
Wystrach’s hydrogen storage systems derived from their reliable and proven industrial gas bundle technology will be used to store green hydrogen. The green hydrogen is produced with surplus solar power from the summer using an electrolyzer and converted back into electricity in the winter. The value of the order is approximately EUR 2.0 million (NOK 20.0 million).
The power and building energy sectors account for close to 40% of annual carbon emissions globally, and hydrogen has a significant role to play in reducing these emissions, particularly as baseload electricity for renewable electricity sources such as solar and wind.
As hydrogen, a key contributor to the energy transition, continues to build momentum globally, more than 30 countries have released hydrogen roadmaps, over US$ 70 billion in government funding is committed to hydrogen investments, 500 large-scale hydrogen projects have been announced by the industry to date and green hydrogen is projected to supply up to 25% of the world’s energy needs by 2050.
Matthias Kötter, Head of Wystrach Sales, Hexagon Purus, said, “Our high-pressure hydrogen storage systems are flexible and scalable, suitable for a wide range of applications, such as storing baseload energy from solar plants.”