H2APEX Expands Industrial Hydrogen Business in Lubmin, Germany
Key Ideas
  • H2APEX has acquired HH2E Lubminwerk GmbH's hydrogen project at the Lubmin site, marking a strategic move to expand its industrial hydrogen business in Germany.
  • The acquisition includes plans for up to 1,000 MW of additional electrolysis capacity for green hydrogen production, with the first phase of 100 MW expected to be completed by 2028.
  • The company aims to leverage synergies, enhance efficiencies, and gain a competitive advantage by strengthening its position as a national and international hydrogen supplier.
  • H2APEX's focus on sustainable growth involves sourcing electricity from renewable sources, managing projects in-house, and expecting the majority of revenue from operating its own facilities.
H2APEX, a subsidiary of H2APEX Group SCA, has acquired the hydrogen project of HH2E at the Lubmin site in Germany. This acquisition reinforces H2APEX's strategic goal of expanding its hydrogen production capabilities and strengthens its presence in Germany's key hydrogen industry hub. By acquiring the project, H2APEX secures land, infrastructure, and connections necessary for successful hydrogen production. The company plans to complete the green hydrogen production facility initially planned by HH2E, with an expansion of up to 1,000 MW of electrolysis capacity. The first phase of 100 MW is set to be finished by 2028. H2APEX aims to leverage synergies and enhance efficiencies through this acquisition. The company's strategic focus on in-house hydrogen production aligns with its goal of revenue stability, predictable cash flows, and improved scalability for sustainable growth. The project also benefits from ideal conditions for successful implementation, such as proximity to renewable energy sources and the core hydrogen network. H2APEX emphasizes green energy, with plans to source electricity exclusively from renewable sources. The company's long-term strategy involves managing construction and operation in-house, drawing on expertise from previous successful projects and an extensive partner network.
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