H2Apex Acquires HH2E's Hydrogen Project in Promising Lubmin, Germany
Key Ideas
- H2Apex has acquired HH2E's hydrogen project in Lubmin, Germany, intending to develop it in phases from 100 MW to 1 GW, strengthening its position in the hydrogen industry.
- The company already had plans for its own electrolysis plant in Lubmin, with the first phase of 100 MW set for completion in 2028, aiming to scale up to 600 MW.
- The acquisition aligns with H2Apex's focus on green hydrogen production, sourcing electricity from renewable sources in northern Germany, capitalizing on Lubmin's infrastructure and proximity to offshore wind parks.
- Lubmin is identified as a strategic location for the German hydrogen industry, with its established pipeline network, making it a key area for hydrogen development and production.
H2Apex has expanded its presence in the German hydrogen industry by acquiring HH2E's hydrogen project in Lubmin, Northern Germany. The deal encompasses the entire project, including land, infrastructure, and connections, with plans to develop it in phases from 100 MW to a massive 1 GW. H2Apex already had its own electrolysis plant in progress in Lubmin, set to reach 600 MW capacity. With the recent acquisition, an additional 100 MW plant will be constructed, with a long-term goal of expanding to 1 GW. The company is committed to sourcing electricity solely from renewable sources in northern Germany for hydrogen production. Lubmin's advantageous position, with existing pipeline networks and proximity to offshore wind parks, makes it an ideal location for hydrogen projects. H2Apex, a subsidiary of H2Apex Group based in Luxembourg, is solidifying its position in the green hydrogen sector through this strategic acquisition, emphasizing its dedication to sustainable hydrogen production and strengthening its activities in Germany.