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APEX Group acquires land at strategic locations in Lubmin, Germany, in order to build up to 600 MW of electrolyser capacity for the production of green hydrogen
Jul 27, 2023 9:00 AM
- Plots of land offer strategically favorable conditions thanks to their proximity to the future H2 pipeline, offshore wind farms and an existing substation
- Construction of new production plant for feeding green hydrogen into the hydrogen core grid
- After completion, APEX will take over operation of the project
- Construction of a hydrogen filling station for the mobility sector in and around Lubmin is envisaged
ROSTOCK/LAAGE, GERMANY/GREVENMACHER, LUXEMBURG/LUBMIN, GERMANY / July 27, 2023 –APEX Group (“APEX”), a leading developer and operator of "green" hydrogen electrolysis plants for the decarbonization of industry, infrastructure, and mobility and a 100% subsidiary of exceet Group SCA (ISIN LU0472835155, WKN A0YF5P), has signed an agreement to acquire three strategically important plots of land in Lubmin from EWN Entsorgungswerk für Nuklearanlagen GmbH. In the future, APEX plans to produce hydrogen on the site with up to 600 MW of installed electrolyser capacity. Completion of the first construction stage is already planned for 2027. APEX will construct the plants and subsequently take over their operation as the owner. For the construction of plants to supply electricity and water and for wastewater disposal, there are intensive talks with other interested parties at the site to jointly build the necessary infrastructure.
In the final construction phase, the plant would generate up to 43,000 metric tons of hydrogen annually, avoiding more than 400,000 metric tons of carbon dioxide. The electricity used for this comes primarily from northern Germany and is generated exclusively from renewable sources, making it 100 percent green power.
The recently acquired plots of land have a total area of around 5.2 hectares. In addition, a further 1.1 hectares of land will be reserved for acquisition by APEX. The purchase price for the acquired land, which is located on the site of the decommissioned Greifswald nuclear power plant in the municipality of Lubmin, Germany, amounts to around EUR 1.7 million. The price of the reserved plots of land will be determined at a later date. Due to the existing infrastructure, the plots of land offer ideal conditions for one of the most important locations for hydrogen production in Germany in the future. For example, several offshore wind farms northeast of Rügen, which currently have a feed-in capacity of around 1.5 GW, provide sustainable sources of renewable energies, and the existing substation offers the possibility of connecting to Germany’s high-voltage transmission grid. Furthermore, APEX is participating in the project ’Flow – making hydrogen happen’ as an associated partner. The aim of this project is to enable the transport of hydrogen across Germany using the current natural gas infrastructure. Lubmin will be the northeast hub of the pipeline project in Germany. Thanks to this feed-in option, APEX will also be able to make its green hydrogen available to customers in southern Germany, for example, in the future. There are also plans to connect to Europe’s first hydrogen pipeline network.
Peter Rößner, CEO of APEX, said: “As part of this project, APEX is taking on the position of a national and, in the future, international hydrogen supplier. Lubmin is the most promising and important location for the German hydrogen industry and the acquired plots of land secure us an enormously valuable presence there as well as a strategic competitive advantage. Through the partnership with 'Flow – making hydrogen happen,' we are also participating in what is currently the most powerful infrastructure project for the expansion of the hydrogen infrastructure.”
APEX is carrying out the construction and operation of the plant independently and can draw on the expertise gained from the successful completion of previous projects as well as on an extensive partner network in all technical areas. This is demonstrated, for example, by the 100 MW IPCEI network project H2ero in Rostock/Laage and the H2-Wyhlen and HyBit projects in Bremen, where APEX is building the electrolysis plants.
In addition to the hydrogen production plant for the pipeline project, a hydrogen filling station for heavy-duty trucks is to be built on another plot of land on the access road to the Lubmin industrial area. APEX has already built the first filling station of its kind in Mecklenburg-Western Pomerania at the company's site in Rostock/Laage and has been operating it successfully since October 2022. Apex also planned and built hydrogen refueling stations for refueling buses of rebus Regionalbus Rostock GmbH and trains of the Heidekrautbahn in the Barnim district, which are scheduled to go into operation in 2024.
The planned investments for the first construction phase, which includes the development of the necessary infrastructure, expert opinions, feasibility studies, planning and approval services as well as internal and external personnel costs, amount to around EUR 210 million. The project has no impact on the revenue forecast of at least EUR 15 million for the 2023 financial year since it is not expected to generate revenues until after 2023.
About APEX Group
APEX Group was founded in Rostock/Laage, Germany, in 2000 and has focused entirely on hydrogen electrolysis plants since 2012. The company is thus one of the pioneers in this field. APEX's goal is to become an internationally established developer and operator of hydrogen plants. In its core business, APEX develops, builds and sells or operates green hydrogen electrolysis 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.
exceet is an investment holding company listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN LU0472835155, WKN A0YF5P). Since the merger with the APEX Group, its investment focus has been on the development of projects for a decentralized supply of green hydrogen.
Investor contact exceet:
Phone: +352 28 38 47 20
Charles Barker Corporate Communications
Peter Steiner / Tobias Eberle
Phone: +49 69 794090 -27 / -24