H2APEX Group SCA Boosts Hydrogen Production Capacities with Strategic Financing
Key Ideas
- H2APEX Group SCA secures a EUR 20 million loan from Active Ownership Fund and a EUR 15 million comfort letter from Atlan Group to enhance hydrogen production capacities.
- The funds will aid in acquiring HH2E's hydrogen project in Lubmin and advancing existing projects, showcasing confidence in the growing hydrogen market.
- CEO Peter Rößner praises the shareholder support, emphasizing the potential for significant electrolysis capacity and announces a planned EUR 30 million capital increase in June 2025.
- The strategic move aligns with Germany's hydrogen market development, reflecting stability post a new coalition agreement, with Active Ownership having the option to convert the loan into H2APEX shares.
H2APEX Group SCA is set to strengthen its hydrogen production capabilities through strategic financial measures. The company has obtained a EUR 20 million loan from Active Ownership Fund SICAV SIF SCS and a EUR 15 million comfort letter from an Atlan Group investor. These funds will facilitate the acquisition of HH2E's hydrogen project in Lubmin and the further advancement of ongoing projects. CEO Peter Rößner expressed satisfaction with the backing from shareholders and highlighted the potential to enhance electrolysis capacity significantly. Additionally, a capital increase amounting to EUR 30 million is scheduled for June 2025, primarily targeting institutional investors. This proactive step is in line with the overall development of Germany's hydrogen market and underscores confidence in its growth trajectory, especially post a recent coalition agreement that has enhanced political stability. Moreover, the flexibility provided by Active Ownership Fund, allowing the conversion of the loan into H2APEX shares, indicates a long-term commitment to the company's success.