H2APEX Secures Financing for Hydrogen Expansion Plans
Key Ideas
- H2APEX has secured a EUR 20 million loan from shareholder Active Ownership and an additional EUR 15 million through a comfort letter, showcasing confidence in the hydrogen market.
- The funds will be used for acquiring and developing hydrogen projects, particularly focusing on the Lubmin site to potentially generate up to 1,000 MW of electrolysis capacity.
- The company's strategic move to enhance its own production capacities aligns with the increasing demand for hydrogen in Germany and the country's commitment to climate neutrality by 2045.
- H2APEX is also planning a EUR 30 million capital increase in June 2025 to further support its business model and development initiatives, with the participation of institutional investors.
H2APEX Group SCA has recently secured significant financial support for its hydrogen expansion plans. The company entered into a loan agreement with shareholder Active Ownership for EUR 20 million and received a EUR 15 million comfort letter from an investor of the Atlan Group. These funds will primarily be used for acquiring the hydrogen project of HH2E Lubmin Werk GmbH and further developing the electrolysis capacity in Lubmin. The move signifies confidence in the hydrogen market's growth and H2APEX's role in it.
CEO Peter Rößner expressed gratitude for the shareholders' long-term support, emphasizing the importance of these financial resources in strengthening the company's strategy. The focus on developing internal production capacities aligns with the current market demand for hydrogen in Germany. The loan agreement also grants Active Ownership the right to convert the loan into shares.
Furthermore, a capital increase of EUR 30 million is planned for June 2025 to boost the company's business model. This strategic initiative aims to support the development of hydrogen projects and expand the company's capabilities. The move comes at a favorable time with the decrease in political uncertainty and the commitment to climate neutrality in Germany. H2APEX's efforts in enhancing its hydrogen production capacities are poised to contribute significantly to the industry's growth and sustainability.