Hexagon Agility Expands Its Market Presence
Hexagon Agility, a notable subsidiary of Hexagon Composites ASA, is making significant strides in the natural gas fuel systems market. Recently, the company has secured a series of new orders for installations on trucks powered by the Cummins X15N natural gas engine, a groundbreaking solution aimed at the heavy-duty commercial truck sector.
New Orders Bring Significant Value
These latest contracts are valued at approximately USD 4.3 million, which is roughly NOK 45 million. They involve over 20 leading fleets operating Class 8 trucks. This influx of orders has escalated the total value of contracts Hexagon Agility has amassed for X15N natural gas fuel systems to an impressive USD 20 million. This figure also includes a notable order placed by UPS earlier this year.
Changing Landscape of North American Trucking
In the North American trucking market, Daimler Truck North America has opened orders for their Freightliner Cascadia models, equipped with the innovative Cummins X15N engine. Alongside Daimler, major players such as Kenworth and Peterbilt are now providing options for natural gas trucks powered by this powerful engine. This collaboration points to a shift in how fleets view natural gas solutions for heavy-duty trucks.
Strategic Advantages of the X15N Engine
As articulated by Eric Bippus, Chief Commercial Officer at Hexagon Composites, the X15N is transforming fleet operations by delivering cost-saving fuel options along with reduced emissions. It boasts performance characteristics that rival traditional diesel engines, providing up to 1,200 miles on a single tank when equipped with Hexagon’s advanced fuel systems. This opens up a substantial new segment of the market that was previously reliant solely on diesel.
Expanding Market for Natural Gas Solutions
The North American truck market sees about 300,000 heavy-duty trucks sold each year. Historically, approximately 100,000 of those were considered suitable for natural gas. However, with the introduction of the X15N engine, an additional 200,000 heavy-duty trucks now qualify for natural gas solutions each year. This expanded market is a game-changer for fleets considering cleaner alternatives.
Enhancing Usability with Long Haul Capabilities
The Cummins X15N engine delivers power ratings reaching up to 500 horsepower and torque levels of up to 1,850 lb.-ft, making it highly capable for long-haul and heavy load demands. By matching the performance of diesel trucks while offering the environmental benefits of natural gas, the X15N is set to redefine industry standards.
The Natural Gas Support Network
Supporting natural gas trucking is a robust network of over 1,600 fueling stations across key transport corridors, ensuring that fleets have access to necessary resources. This infrastructure is crucial in facilitating the transition to natural gas solutions for many trucking operations.
Contacts for More Information
For inquiries, please reach out to Berit-Cathrin Høyvik, Senior Director of Communications, at Hexagon Composites, or David Bandele, CFO, for further details about Hexagon Agility’s initiatives.
About Hexagon Agility
Hexagon Agility is a leader in providing clean fuel solutions, focused on enabling commercial vehicles to operate more sustainably while delivering products that facilitate efficient gas transportation. Their innovative offerings include lightweight composite natural gas cylinders and systems that help reduce emissions and lower operational costs.
About Hexagon Composites ASA
Hexagon is dedicated to pioneering clean energy solutions across various mobility and industrial applications, thereby promoting environmentally-friendly practices in energy storage, transportation, and conversion.
Frequently Asked Questions
What is Hexagon Agility's recent achievement?
Hexagon Agility has secured new substantial orders for natural gas fuel systems on trucks with the Cummins X15N engine.
What is the total value of recent orders?
The new orders are valued at approximately USD 4.3 million, increasing the total to USD 20 million for such fuel systems.
Which companies are adopting natural gas solutions?
Key truck manufacturers like Daimler, Kenworth, and Peterbilt are now providing options for trucks powered by the Cummins X15N natural gas engine.
What benefits does the X15N engine offer?
The Cummins X15N engine enables fleets to achieve significant fuel cost savings and emissions reductions, matching diesel performance.
How many heavy-duty trucks are sold annually in North America?
Approximately 300,000 heavy-duty trucks are sold each year, with a significant portion now eligible for natural gas solutions due to the X15N engine.
