Hexagon Composites has been selected to receive a development award for compressed hydrogen cylinders for new fuel cell electric vehicle (FCEV) models. The value of the development contract is greater than USD 10 million (approximately NOK 80 million) and is targeted to run until 2020.
“We are excited to be selected for these projects with leading OEMs. This nomination confirms our lead position as a high-pressure cylinder manufacturer. The project will leverage Hexagon’s long term investments in Lincoln, Nebraska and recent strategic investment in xperion in Germany and Heath, Ohio. With our global footprint, we have the capabilities to execute the initial deliveries in existing facilities”, says Jack Schimenti, President at Hexagon Lincoln.
Thanks to the properties of all-composite pressure cylinders, with plastic liners and carbon fiber structure, the norwegian company offers a better solution for the storage of hydrogen, compared to metal lined alternatives.