APEX Nova Holding GmbH, a 100% subsidiary of H2APEX Group SCA, has become the sole owner of all shares in HH2E Werk Lubmin GmbH (HH2E) following the completion of the insolvency plan proceedings.
This means that, in addition to its own project, which has been in place since 2023, H2APEX now has another strategically important project to produce green hydrogen at Germany’s most attractive hydrogen location in Lubmin. The acquired land already has a grid connection from the company 50 Hertz as well as a water supply, and will also offer the possibility of feeding hydrogen into the planned hydrogen transmission network in the future. These connections to the electricity and water supply are very important for the execution and commissioning of a successful hydrogen project.
Peter Rößner, CEO of H2APEX, said: “We are firmly convinced that Lubmin is the most interesting location for domestic hydrogen production, as it has direct access to offshore wind farms and thus to sustainably generated energy in sufficient quantities, as well as to the future hydrogen gas network ‘FLOW’. We are therefore very pleased to be able to further expand our own production capacities at this location. This will enable us to further advance our strategic focus on the production of green hydrogen in large-scale plants and its distribution and sale directly to customers via the core network. In addition, we were able to transfer part of the HH2E team, thereby securing further important specialists for our company.”
With the acquisition of the project from HH2E, H2APEX plans to build a 100 MW plant in the first expansion stage by 2028, which is to be expanded to 1000 MW in the medium term. In addition, the company has been developing an electrolysis plant on its own land in Lubmin since 2023, with the first phase of 100 MW also scheduled for completion in 2028. The next steps at the site now include analysing the current project status and setting up the project based on the current status quo. In addition, with the change of ownership, the existing company will now be renamed and a management board appointed.