Q4 2022 highlights: Revenue grew 44% year over year to NOK 372 million, driven by strong demand in hydrogen distribution applications.Full year revenue grew by 90% from NOK 508 million
The 60,000 square foot state-of-the-art facility will support the annual production of up to 10,000 cylinders for heavy duty vehicle applications and will employ up to 150 skilled workers. The new facility expands cylinder production capabilities and capacity and allows for further expansion by adding additional production equipment as demand for hydrogen storage cylinders continues to grow.
The demand for zero-emission mobility & infrastructure is rising as the world is becoming ever more committed to combatting climate change. Hexagon.