Potential offtaker

Hexagon Composites ASA

www.hexagon.no

Estimated electricity consumption

N/A

Countries of production presence

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Hexagon Composites ASA is a Norwegian company that operates in the Industrial Tanks & Storage sector. The company is a leading provider of high-pressure composite cylinders and systems for storage and transportation of gases and liquids. Hexagon Composites ASA is committed to decarbonisation and the transition to renewable energy, and has made significant investments in corporate energy and corporate power purchase agreements (PPAs) to support this goal.

Hexagon Composites ASA was founded in 2001 and has since become a global leader in the development and production of composite cylinders and systems. The company's products are used in a wide range of applications, including natural gas vehicles, hydrogen fuel cell vehicles, industrial gases, and alternative fuels. Hexagon Composites ASA has a strong focus on innovation and has developed a number of patented technologies that have helped to drive the growth of the company.

One of the key areas of focus for Hexagon Composites ASA is decarbonisation. The company recognises the urgent need to reduce greenhouse gas emissions and transition to a low-carbon economy. To this end, Hexagon Composites ASA has developed a range of products that support the use of renewable energy sources, such as hydrogen and biogas. The company's composite cylinders and systems are designed to store and transport these gases safely and efficiently, making them an essential component of the decarbonisation process.

Hexagon Composites ASA has also made significant investments in corporate energy and corporate PPAs. These agreements allow the company to purchase renewable energy directly from producers, such as wind and solar farms. By doing so, Hexagon Composites ASA is able to reduce its reliance on fossil fuels and support the growth of the renewable energy sector. The company has entered into several corporate PPAs in recent years, including agreements with wind farms in Norway and the UK.

In addition to its focus on decarbonisation and renewable energy, Hexagon Composites ASA is also committed to sustainability and responsible business practices. The company has a strong focus on reducing its environmental footprint and has implemented a number of initiatives to achieve this goal. These include the use of renewable energy sources, the reduction of waste and emissions, and the implementation of sustainable supply chain practices.

Hexagon Composites ASA is also committed to social responsibility and has implemented a number of initiatives to support its employees and the communities in which it operates. The company has a strong focus on diversity and inclusion and has implemented policies to ensure that all employees are treated fairly and with respect. Hexagon Composites ASA also supports a number of local and international charities and community initiatives, including those focused on education, health, and the environment.

In conclusion, Hexagon Composites ASA is a leading provider of high-pressure composite cylinders and systems for storage and transportation of gases and liquids. The company is committed to decarbonisation and the transition to renewable energy, and has made significant investments in corporate energy and corporate PPAs to support this goal. Hexagon Composites ASA is also committed to sustainability and responsible business practices, and has implemented a number of initiatives to reduce its environmental footprint and support its employees and the communities in which it operates.