fbpx

Hexagon Agility receives new order from Xpress Natural Gas (XNG) for Mobile Pipeline® modules to meet customer demand for clean energy – Yahoo Finance

9 November 2022: Hexagon Agility, a business of Hexagon Composites, received a new order from Xpress Natural Gas LLC (XNG), a leading full-service provider of compressed natural gas (CNG) in the United States, to deliver Mobile Pipeline® modules to transport clean and renewable natural gas (RNG).
This order has an estimated value of USD 14.8 million (approx. NOK 150 million).
Delivering safe and innovative solutions
“We look forward to continuing to grow our relationship with Hexagon Agility as a key supplier to XNG as we work to provide safe, reliable cleaner energy solutions to an increasing number of customers and sectors unserved by traditional energy pipelines” said Simon Richards, Chief Executive Officer at XNG. We’re really pleased to continue to expand our fleet with Hexagon Agility’s Mobile Pipeline products. “TITAN 53 modules, allow us to safely and efficiently deliver CNG to communities with the fewest number of trips. As we continue to expand our market areas Hexagon products give us the flexibility to serve all types of industries and end users seeking a lower carbon, less expensive energy solution.”
No pipeline. No problem. TITAN® 53 modules offer the highest capacity in North America and can serve multiple communities and industries that do not have access to natural gas or lack sufficient pipeline capacity to meet anticipated demand.
“The Northeastern part of the United States continues to struggle from a lack of infrastructure to deliver natural gas to the region” said Seung Baik, President of Hexagon Agility. “The winter season is particularly challenging. We are pleased to work with XNG to help keep homes warm and factories running.”
About the market
Mobile Pipeline is vital to driving energy transformation away from petroleum fuels to clean and renewable natural gas. Companies like XNG are leaders in the industry, enabling customers without pipeline access to adopt natural gas and meet their environmental goals.
Natural gas is today’s low carbon, cost effective alternative energy. RNG is pipeline quality gas fully compatible with today’s infrastructure and Mobile Pipeline equipment. Because RNG is the only carbon negative energy source, it is being rapidly adopted to drive decarbonization of industrial and vehicle fleet operations.
With more than 1,800 Mobile Pipeline modules now deployed around the world, Hexagon Agility continues to set the standard for safety, reliability, and performance.
Timing
The modules are expected to be delivered in the second quarter of 2023.

For more information:

Karen Romer, SVP Communications, Hexagon Composites ASA
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com
Ingrid Aarsnes, VP Investor Relations and ESG, Hexagon Composites ASA 
Telephone: +47 950 38 364 | ingrid.aarsnes@hexagongroup.com
Seth Berry, Chief Development Officer, Xpress Natural Gas LLC
Telephone: 508-846-8200 | sberry@xng.com

About Xpress Natural Gas

Founded in 2011, XNG provides an alternative energy source for businesses without access to a gas pipeline. By transporting compressed natural gas in both the U.S. and Canada, XNG provides a consistent and reliable, low-carbon energy source for its broad customer base. The company’s business model enables CNG to be delivered to over 40 customer sites around the clock, 365 days a year. As a leading provider of CNG, the company is positioned for exponential growth in customer installments throughout 2021 and beyond. For more information about Xpress Natural Gas: www.xng.com

About Hexagon Agility

Hexagon Agility, a business of Hexagon Composites, is a leading global provider of clean fuel solutions for commercial vehicles and gas transportation solutions. Its product offerings include natural gas storage and delivery systems, Type 4 composite natural gas cylinders, propane, and natural gas fuel systems. These products transport clean gaseous fuels and enable vehicles to reduce emissions while saving operating costs. Learn more at hexagonagility.com and follow @HexagonAgility on Twitter and LinkedIn.

About Hexagon Composites ASA

Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility, industrial and consumer applications. Learn more at hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn.

Related Quotes
Have you driven a Prius hybrid lately? In the past that wasn’t question usually met with a positive response. But the all-new, fifth-generation 2023 Toyota Prius may change, at least from the looks point of view.
The billionaire's face and name are attached to the premium electric vehicle maker, but things could change soon.
Conservative capital spending by upstream players and possibilities for soft fuel demand could hurt demand for partnerships' midstream assets. EPD, ET and MMP are surviving the industry challenges.
The fast-food chain has fallen to number three in the United States. It's making a move that can change that.
Arizona-based First Solar Inc. has selected Alabama as the site of a more than $1 billion factory that will manufacture modules that generate solar power, the company announced Wednesday.
Polestar CEO Thomas Ingenlath joins Yahoo Finance Live to discuss the Polestar 3 SUV, U.S. electric vehicles and buyer preferences, manufacturing in the U.S. and China, and the outlook for the company.
WILMINGTON, Del (Reuters) -Elon Musk said in court on Wednesday that he made some Tesla Inc decisions without the approval of the company's directors, as he defended his $56 billion pay package against claims that he dictated its terms to a compliant board. Tesla shareholder Richard Tornetta sued Musk and the board in 2018 and hopes to prove that Musk used his dominance over Tesla's board to obtain an outsized compensation package that did not require him to work at the electric car maker full-time. Questioned by Tornetta's lawyer, Greg Varallo, Musk rejected claims that his pay package goals were easy to achieve.
John Linehan, who manages $29 billion for T. Rowe Price, is looking to financials, energy and utilities to power the market as interest rates remain high.
Yahoo Finance's Akiko Fujita discusses the latest news from the court case over Tesla CEO Elon Musk's 2018 compensation.
There is a rationale for being generous: Given the boom-and-bust cycles of tech, they may want these employees back someday.
This industry leader just raised its financial targets, despite a potential recession in the near-term.
States vary widely in the way they tax retirement income so location is an important consideration in financially planning for retirement. Some states don't levy income states on any sort of retirement income, while others tax IRA and 401(k) distributions, … Continue reading → The post 11 States That Do Not Tax Retirement Income appeared first on SmartAsset Blog.
SINGAPORE (Reuters) -Oil prices extended declines on Thursday as concerns over geopolitical tensions eased, while rising numbers of COVID-19 cases in China added to demand worries in the world's largest crude importer. U.S. West Texas Intermediate (WTI) crude futures slid $1.17, or 1.4%, to $84.42 a barrel. On Wednesday Brent dropped by 1.1% and WTI 1.5% after Russian oil shipments via the Druzhba pipeline to Hungary restarted.
TikTok is hit or miss for accurate advice on finance topics. Although the "#finance" hashtag has amassed over 989 million views, there is just as much bad advice as there is good. But one user shared a tip that went … Continue reading → The post TikTok Exposed a Major Mistake You May be Making in Your Roth IRA appeared first on SmartAsset Blog.
Gemini suspended its yield-earning program, shaking users’ confidence in the exchange.
(Bloomberg) — Suspended withdrawals at cryptocurrency brokerage Genesis amid the widening crypto-market meltdown have cast an unwanted spotlight on Barry Silbert, the man at the helm of the Digital Currency Group empire.Most Read from BloombergXi Looks Away From Putin Toward West in World Stage ReturnGOP Retakes US House by Slim Margin in Washington Power ShiftUkraine Latest: Biden Says Missile Likely Not Fired From RussiaTrump Makes His 2024 Run Official, Defies Calls to Move OnPoland Says Rus
(Bloomberg) — Elon Musk sent an email to Twitter Inc. employees requiring them to pledge to stay with the company, working long hours at “high intensity” during its transformation, or to accept a buyout. Most Read from BloombergXi Looks Away From Putin Toward West in World Stage ReturnGOP Retakes US House by Slim Margin in Washington Power ShiftUkraine Latest: Biden Says Missile Likely Not Fired From RussiaTrump Makes His 2024 Run Official, Defies Calls to Move OnPoland Says Russian-Made Missil
Target missed the bullseye by a wide margin in the third quarter as the discount retailer felt the brunt of a consumer spending slowdown in more discretionary merchandise.
The New York judge said Mary Trump had signed releases as part of a 2001 settlement agreement that barred her claims.
It's time to be extra picky.

source

Leave a Comment

Your email address will not be published.