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EQS-Ad-hoc: Enapter AG / Key word(s): Miscellaneous
Enapter AG: Strategy adjustment through new partner model
31-May-2024 / 10:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News
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Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014
Enapter AG: Strategy adjustment through new partner model
. Partners will be able to build and market their own electrolyzers with AEM stacks from Enapter in the
future
. Enapter focuses on stack construction at the Pisa plant through partnership with Chinese Wolong Group and
will lease hall and office space in Saerbeck
Hamburg, 31. May 2024. Enapter AG (ISIN: DE000A255G02) is introducing an adapted sales and production strategy. The
focus will be on the so-called stack, the patent-protected core of every AEM electrolyzer, which is responsible for
hydrogen production. Enapter will continue to produce its own electrolysers with its joint venture partner Wolong and
install its stacks in these devices. At the same time, Enapter is expanding its range of services and will in future
also make the stacks available to industrial partners (core partners), who can install Enapter's AEM hydrogen cores in
their own electrolysers and use the corresponding operating software.
To date, Enapter has independently produced the single-core devices of the EL class as well as the devices of the
multi-core class, in which up to 420 individual stacks are installed and which generate hydrogen in the megawatt range.
In future, the company will concentrate on the production of stacks at its site in Pisa, Italy. With the strategy
adjustment, the production and assembly of all other systems (balance of plant) beyond the stack that are required for
an electrolyzer - including water tanks, pipe and line systems and the housing - will be taken over by Chinese joint
venture partner Wolong Enapter Hydrogen Technologies Ltd (see press release dated 29.01.2024). Wolong will supply the
finished devices without the stack to Enapter. Enapter will then equip them with the stacks and install the operating
software. This means that the core competence of stack production will remain with Enapter. It is expected that the
entire production of the EL class will be outsourced to China from January 2025. The production resources thus freed up
in Pisa will be focused on the existing stack production there. It is therefore to be expected that there will be no
expansion of production in Saerbeck in the short to medium term. In order to generate further additional income, the
hall and office space in Saerbeck has been leased to third parties. The company expects annual income of around EUR 2
million once the space is fully let. The contracts will be structured in such a way that stack production can be taken
up in Saerbeck in the event of a significant increase in demand for additional production capacity.


About Enapter
Enapter is an innovative energy technology company that manufactures highly efficient hydrogen generators - so-called
electrolysers - to replace fossil fuels and thus drive the energy transition globally. The patented and proven anion
exchange membrane technology (AEM) enables the series and mass production of cost-effective electrolysers for the
production of green hydrogen on any scale and almost anywhere in the world. The modular systems are already being used
by more than 340 customers in over 50 countries worldwide, including in the energy, mobility, industrial, heating and
telecommunications sectors. The Enapter Group is headquartered in Germany and has an R&D and production site in Italy.
Enapter AG is listed on the regulated market of the Frankfurt and Hamburg stock exchanges, ISIN: DE000A255G02.
Further information:
Website: https://www.enapter.com
Twitter: https://twitter.com/Enapter
LinkedIn: https://www.linkedin.com/company/enapter
Facebook: https://www.facebook.com/enapterenergystorage
Instagram: https://www.instagram.com/enapter/
Contact financial and business press:
Ralf Droz / Doron Kaufmann
edicto GmbH
Phone: +49 (0) 69 90 55 05-54
E-mail: enapter@edicto.de


End of Inside Information
31-May-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      Enapter AG 

Reinhardtstr. 35
10117 Berlin
Germany

E-mail:       info@enapterag.de 
Internet:     www.enapterag.de 
ISIN:         DE000A255G02 
WKN:          A255G0 
Listed:       Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1915391

End of Announcement EQS News Service
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1915391 31-May-2024 CET/CEST

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May 31, 2024 04:15 ET (08:15 GMT)