Rostock-Laage, Grevenmacher (Luxembourg)–H2APEX (ISIN LU0472835155, WKN A0YF5P), a listed leading developer and operator of green hydrogen plants for the decarbonization of industry, infrastructure and mobility, was informed on Wednesday that the European Commission has approved the Hy2Infra project (“Hy2Infra”) – the third Projects of Common European Interest (Important Project of Common European Interest (“IPCEI”)) in the hydrogen value chain – has been approved. Hy2Infra includes 33 projects from 32 companies from seven Member States, for which the participating Member States will provide public funding of up to EUR 6.9 billion.
Among the Hy2Infra projects to be supported is the 100 MW large-scale project H2ERO from H2APEX, for which a subsidiary of H2APEX has applied for funding of approximately EUR 167 million. The H2ERO project has an expected investment volume of EUR 213 million. Regular operation with an electrolysis output of 100 MW is expected for 2028. According to current plans, the hydrogen plant will have an annual production capacity of 7,000 to 8,000 tons of green hydrogen. H2APEX plans to operate H2ERO itself and thus achieve annual recurring sales in the mid double-digit million euro range.
Peter Rößner, CEO of the operational business of the H2APEX Group, said: “The release of EU funds for the Hy2Infra funding initiative is the most important milestone in European hydrogen history to date and the starting signal for the development of hydrogen production on an industrial scale. We are proud to be among the selected projects with H2ERO. The funding from H2ERO is confirmation of three years of successful project work and reflects H2APEX’s leading position in the implementation of hydrogen plants in Germany. We see ourselves encouraged in our strategy of generating recurring revenue from the in-house operation of hydrogen plants and the sale of green hydrogen in addition to revenue from projects for industrial customers. At the same time, the funding approval for the 33 projects will lead to a significant increase in our project pipeline. Numerous electrolysis projects from other market participants are now receiving their final investment decision and require general contractors like H2APEX for their implementation.”
According to the BMKW, the German Federal Ministry for Economic Affairs and Climate Protection (“BMWK”) should issue a corresponding grant notice as soon as possible. Due to the fact that the decision has not yet been received, H2APEX cannot yet finally confirm that funding will be granted in the requested amount and what the possible conditions of the funding will be.
About H2APEX
H2APEX is a merger of the H2APEX Group SCA (ISIN LU0472835155, WKN A0YF5P), which is listed in the Prime Standard of the Frankfurt Stock Exchange, and the hydrogen specialist APEX Group. The companies appear together on the market under the H2APEX brand. The operational core of H2APEX was founded in Rostock/Laage in 2000 and has been fully focused on clean hydrogen production, storage and distribution since 2012. This makes the company one of the pioneers in this area. H2APEX’s goal is to become an internationally established developer and operator of hydrogen plants. In its core business, H2APEX develops, builds and sells or operates green hydrogen plants with an electrolysis capacity of less than 1 GW. These are used to decarbonize industrial value chains and produce green hydrogen and hydrogen derivatives such as LOHC (liquid organic hydrogen carriers) and e-fuels. They are used, for example, in the steel, chemical and cement industries as well as other energy-intensive industries. The company also offers systems for infrastructure and logistics, particularly for industrial use in warehouses, ports and production facilities.
Read the most up to date Fuel Cell and Hydrogen Industry news at FuelCellsWorks
