H2APEX from Rostock, a 100% subsidiary of H2APEX Group SCA and a developer of green hydrogen electrolysis plants, has acquired the hydrogen project of HH2E at the Lubmin site, Germany.
H2APEX intends to complete the green hydrogen production facility initially planned by HH2E. This acquisition reinforces H2APEX’s strategic focus on expanding its own hydrogen production and strengthens its activities at Germany’s most important hydrogen industry hub. The company operates two green hydrogen projects at the site of the former nuclear power plant on the Greifswald Bodden, Germany.
With this new project, H2APEX also acquires the land, infrastructure, and all necessary connections for a hydrogen project, including existing electricity and water supply connections. Additionally, the site provides direct access to multiple pipelines, which are set to be converted to hydrogen operation by 2027, enabling integration into Germany’s core hydrogen network.
Peter Rößner, CEO of H2APEX, commented: “By acquiring the project in Lubmin, Germany, H2APEX strengthens its position as a national and, in the future, an international hydrogen supplier. Lubmin is a promising location for the German hydrogen industry, serving as a key hub in the country’s core hydrogen network and benefiting from its proximity to offshore wind farms.”
H2APEX sees significant potential in the ongoing consolidation of Germany’s green hydrogen market. In the medium to long term, the company expects to generate the majority of its revenue from operating its own facilities, ensuring greater revenue stability, predictable cash flows, and improved scalability – ultimately providing a solid foundation for sustainable long-term growth.
Since 2023, H2APEX has been developing its own electrolysis plant in Lubmin, Germany, with the first expansion phase of 100 MW scheduled for completion in 2028. The company plans to scale this facility to 600 MW of installed electrolysis capacity. Following the acquisition of HH2E’s project, H2APEX will construct an additional 100 MW plant in its first phase, also set for completion by 2028, with a mid-term expansion to 1 GW.
The electricity used in both projects will be sourced predominantly from northern Germany and exclusively from renewable sources, making it 100% green. Due to its proximity to the core hydrogen network, offshore wind farms, and an existing substation, the project benefits from strategical conditions for successful implementation.
The planned investments of the acquired project include infrastructure development, feasibility studies, planning and approval processes, and internal and external personnel costs. H2APEX will manage the construction and operation of the facilities in-house, leveraging expertise from previous projects and a partner network across all technical fields. This is exemplified by its existing plant at its headquarters in Rostock-Laage, Germany, as well as the H2-Wyhlen and HyBit projects in Bremen, Germany, where H2APEX has built electrolysis facilities.