H2APEX Expands Green Hydrogen Production in Lubmin, Germany
Key Ideas
  • H2APEX, a subsidiary of H2APEX Group, acquires the hydrogen project of HH2E in Lubmin, expanding its hydrogen production capabilities in Germany.
  • The acquisition includes land, infrastructure, and connections essential for the hydrogen project, strengthening H2APEX's position as a national and international hydrogen supplier.
  • H2APEX aims to increase its market share in Germany's green hydrogen sector through strategic acquisitions and expects stable revenue growth from operating its own facilities in the long term.
  • Planned investments for the first phase of expansion amount to a significant sum, with H2APEX focusing on green energy sources and leveraging expertise from previous successful projects for construction and operation.
H2APEX, a major player in green hydrogen electrolysis, has acquired the hydrogen project of HH2E in Lubmin, Germany, as part of its strategic expansion plans. This move reinforces H2APEX's commitment to enhancing its hydrogen production capabilities by completing the green hydrogen facility initially planned by HH2E. The acquisition includes crucial assets such as land, infrastructure, and connections necessary for a successful hydrogen project. By tapping into the potential of the Lubmin site, which offers access to key pipelines set for hydrogen conversion by 2027, H2APEX aims to solidify its position in Germany's hydrogen industry hub. The company's CEO, Peter Rößner, highlighted the strategic importance of this acquisition, emphasizing its contribution to H2APEX's goal of expanding and accelerating hydrogen production capacities. H2APEX also anticipates significant growth opportunities in Germany's green hydrogen market consolidation, positioning itself to acquire projects from exiting competitors and strengthen its market share. The company's development plans include scaling up the electrolysis capacity in Lubmin to 600 MW, with the first 100 MW expansion phase set for completion by 2028. All electricity used in the projects will be sourced from renewable sources, aligning with H2APEX's commitment to green energy. The strategic investments for the project's expansion phase are substantial and encompass various aspects crucial for successful implementation. H2APEX's focus on sustainability, revenue growth, and operational expertise sets a strong foundation for its long-term success in the green hydrogen sector.
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