H2APEX Receives Grant for Construction of a 100 MW Electrolysis Plant in
Rostock-Laage

EQS-News: H2APEX Group SCA / Key word(s): Miscellaneous/Miscellaneous
H2APEX Receives Grant for Construction of a 100 MW Electrolysis Plant in
Rostock-Laage

15.07.2024 / 17:06 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Green Hydrogen Made in MV: H2APEX Receives Grant for Construction of a 100
MW Electrolysis Plant in Rostock-Laage

Federal Government and State MV Support Hydrogen Infrastructure Expansion
with a Three Digit Million Amount

Rostock - Berlin - July 15, 2024: H2APEX from Rostock will build a 100 MW
electrolysis plant for the production of green hydrogen at the Rostock-Laage
site by 2027. Today in Berlin, the Federal Minister for Economic Affairs and
Climate Protection, Dr. Robert Habeck, officially handed over the grant
notice to the management of H2APEX (see photo). The project is part of the
East German hydrogen hub "doing hydrogen" and is supported by European IPCEI
funding (Important Project of Common European Interest) under the "Hy2Infra"
wave. The expected investment volume for the plant amounts to around 213
million euros, with the federal government supporting 117 million euros and
the state of MV contributing 50.2 million euros.

The goal of "doing hydrogen" is to create a strong platform for the hydrogen
economy in East Germany, connecting innovative producers, gas network
operators, and large customers. Northern Germany acts as a center for
hydrogen imports and hydrogen production. The electrolysis plant to be built
by H2APEX will become part of the production community in the north. To
transport the produced hydrogen to the south, other partners of the "doing
hydrogen" project are converting pipelines for hydrogen transport, so that
from 2027 significant quantities can be transported from Mecklenburg-Western
Pomerania to the greater Berlin area, Eisenhüttenstadt, and Leipzig-Leuna,
also via connections to the Flow pipeline and Green Octopus to all major
urban areas in Germany.

The 100 MW electrolysis plant by H2APEX in Rostock-Laage will have a
production capacity of more than 7,500 tons of green hydrogen per year,
equivalent to CO2 savings of approximately 85,000 tons. After its planned
completion in 2027, the plant will be operated on-site by H2APEX itself and
is expected to generate a high double-digit million-euro amount in annual
recurring revenue from hydrogen, heat, and certificate sales.

For the implementation of this large project, which will play a significant
role in the German hydrogen infrastructure, H2APEX was selected as the only
SME by the Federal Ministry for Economic Affairs and Climate Protection as
one of a total of 24 major projects nationwide to benefit from the IPCEI
funding, wave HY2Infra.

"The IPCEI project is an appraisal and a vote of confidence for H2APEX. It
is one of the most important and significant projects in our current
business development," says Peter Rößner, CEO of H2APEX, and adds: "For us,
it is a special concern to generate added value, especially in
Mecklenburg-Western Pomerania." Axel Funke, CTO of H2APEX, explains: "MV is
not necessarily known for large industrial plants. We at H2APEX are proud to
contribute to the development of the hydrogen industry in MV."


Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=download2_file&code_str=b36d3cd377f5cb3d22778c311ee6074d
Image title: Foto

Foto: Federal minister of economics and climate affairs, Robert Habeck
presents the grant notice to . (Quelle: )

Contact: H2APEX
Kirsten Brückner
Head of Marketing and Communication
Phone: +49 381 799902-347
Mobile: +49 175 657 14 65
Timmermannsstrat 4 b
18055 Rostock
E-Mail: Kirsten.Brueckner@apex-energy.de
www.h2apex.com

About H2APEX

H2APEX is a merger of H2APEX Group SCA (ISIN LU0472835155, WKN A0YF5P),
which is listed in the Prime Standard of the Frankfurt Stock Exchange, and
the hydrogen specialist APEX Group. Together, the companies act in the
market under the H2APEX brand. The operational core of H2APEX was founded in
Rostock/Laage, Germany, in 2000 and has focused entirely on clean hydrogen
production, storage and distribution since 2012. This makes the company one
of the pioneers in this field. The goal of H2APEX is to become an
internationally established developer and operator of hydrogen plants. In
its core business, H2APEX develops, builds and sells or operates green
hydrogen plants with an electrolysis capacity below 1 GW. These are used to
decarbonize industrial value chains and to produce green hydrogen and
hydrogen derivatives such as LOHC (liquid organic hydrogen carriers) and
e-fuels. They are used, for example, in the steel, chemical and cement
industries as well as other energy intensive industries. In addition, the
company offers hydrogen plants for infrastructure and logistics, especially
for industrial use in warehouses, ports and production facilities.
www.h2apex.com


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15.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        H2APEX Group SCA
                   19, rue de Flaxweiler
                   6776 Grevenmacher
                   Luxemburg
   Phone:          +352 2838 4720
   Fax:            +352 2838 4729
   E-mail:         info@exceet.com
   Internet:       www.h2apex.com
   ISIN:           LU0472835155, LU0472839819
   WKN:            A0YF5P, A1BFHT
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Munich,
                   Stuttgart, Tradegate Exchange
   EQS News ID:    1946589

End of News EQS News Service
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1946589 15.07.2024 CET/CEST