H2APEX Group SCA Achieves Remarkable Revenue Growth and Positive Outlook for 2024
Key Ideas
  • H2APEX saw a significant revenue increase, reaching EUR 25.2 million in the first three quarters of 2024, showcasing a sixfold growth compared to the previous year.
  • Despite supply chain challenges affecting growth, the company revised its revenue forecast upwards to at least EUR 28 million for 2024, reflecting an 83% growth compared to 2023.
  • The company is actively participating in tenders for hydrogen plant projects and expects future awards, with plans for final investment decisions on proprietary hydrogen plants in early 2025.
  • H2APEX's dedication to green hydrogen production, storage, and distribution aligns with its goal to become a leading developer and operator of hydrogen plants globally, focusing on industrial decarbonization and energy-intensive sectors.
H2APEX Group SCA, a prominent developer and operator of green hydrogen plants, has reported exceptional revenue growth in the first three quarters of 2024, reaching EUR 25.2 million compared to EUR 3.7 million in the same period last year. This growth, fueled by project implementations for industrial and energy companies, resulted in a sixfold increase in revenue. Despite facing supply chain challenges, H2APEX has raised its revenue forecast for 2024 to at least EUR 28 million, indicating an impressive 83% growth compared to 2023. The company, with its 143 employees, is actively engaged in tender processes for hydrogen plant projects, anticipating future awards and planning to make final investment decisions on proprietary hydrogen plants in early 2025. H2APEX's mission to promote clean hydrogen production, storage, and distribution positions it as a key player in the decarbonization of industries and energy-intensive sectors. With a focus on green energy solutions, H2APEX is striving to establish itself as a leading global developer and operator of hydrogen plants.
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