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Resato Hydrogen Technology (“Resato”), Assen/Netherlands, a leading developer and EPC partner of hydrogen refueling solutions, is proud to announce its extended collaboration with APEX Group (“APEX”), a leading developer and operator of green hydrogen electrolysis plants for the decarbonization of industry, infrastructure and mobility. The partnership was initially established by setting up a hydrogen refueling station for trucks at the APEX headquarter in Rostock-Laage in 2022.

Now, APEX has been awarded a contract for the planning, construction, operation and maintenance of two state-of-the-art hydrogen refueling stations exclusively dedicated to filling a bus fleet of rebus Regionalbus Rostock GmbH (“rebus”) at the rebus bus depots. APEX has commissioned Resato to supply all relevant filling station components for the installation of the depot filling stations. The facilities will feature the latest advancements in hydrogen refueling technology, ensuring rapid and safe refueling operations. The hydrogen refueling stations (FSS), standard equipped with 350 bar fast fill functionality utilize Resato high pressure compression technology and are designed with a philosophy of being modular for future expansion. With the evolving hydrogen market in mind, the solution allows easy market adaptation by means of afterwards implementation of add-on modules. All Resato stations are AFIR compliant.

This strategic partnership aims to accelerate the adoption of hydrogen-powered buses and drive the transition towards a cleaner and greener future. Hydrogen has emerged as a game-changing fuel source, offering zero-emission transportation solutions while mitigating the harmful effects of greenhouse gas emissions. By partnering with Resato Hydrogen Technology, a renowned expert in hydrogen refueling infrastructure, APEX is taking a significant step towards establishing a robust and efficient hydrogen refueling network.

By providing reliable and convenient hydrogen refueling solutions, this partnership will accelerate the transition towards a cleaner and greener transportation system, substantially reducing carbon emissions and enhancing air quality.

“We are delighted to contribute to this project in the public transportation sector. Our aim is to push the sustainable traffic turnaround with hydrogen fuel-powering. A growing network of hydrogen refueling stations is facilitating the decision for public passenger transport providers to convert their fleets to environmentally friendly drive technology”, Rob Castien, CEO at Resato, says.

"We are pleased to continue our partnership with Resato with this new project because we value working with excellent partners who, like us, have profound experience with reliable hydrogen solutions. We are looking forward to continuing the collaboration in future cooperations”, Peter Rößner, APEX CEO, says.

Planning and construction of the two hydrogen filling stations is to be completed by early 2024.

APEX will operate, maintain and supply the filling stations with green hydrogen with a volume of around 2,200 tonnes for a period of eight years starting in 2024.

APEX

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.

Resato Hydrogen Technology BV

Resato Hydrogen Technology is a Dutch technology leader that supports the development of the hydrogen economy with their Hydrogen Refueling Stations. It is our mission to meet and exceed the expectations of our customers and end-users. We want to provide the best business tool for hydrogen refueling station owners, provide their users with a flawless refueling experience and be a top-notch sustainable company. We are on our way to a greener future with a focus on sustainability, safety, and efficiency.

www.resato-hydrogen.com  

APEX Group awarded project to build and supply two hydrogen filling stations for 52 hydrogen buses in Germany for rebus in long-term offtake agreement

Apr 28, 2023 1:06 PM

·         The German bus company rebus Regionalbus Rostock GmbH from the State of Mecklenburg-Vorpommern has awarded the project to APEX

·         Planning and construction of the two hydrogen filling stations is to be completed by early 2024

·         APEX will operate, maintain and supply the filling stations with green hydrogen with a volume of around 2,200 tonnes for a period of eight years starting in 2024

·         APEX expects total revenue of at least EUR 30 million from the project with rebus over eight years

·         APEX is investing a double-digit million Euro sum in the expansion of its own hydrogen plant from 2MW to 12MW – the long term supply of the two filling stations will take up one third of this capacity

·         Relevant experience through the construction and operation of the first hydrogen filling station for heavy-duty transport in Mecklenburg-Vorpommern

·         APEX anticipates further project successes from the 1.7 GW project pipeline in the near future

Rostock/Laage, Grevenmacher (Luxembourg), April 28, 2023 – APEX Group ("APEX"), a leading developer and operator of green hydrogen electrolysis plants for the decarbonization of industry, infrastructure and mobility, has been awarded a contract in a public tender by rebus Regionalbus Rostock GmbH (“rebus”). The project comprises the planning, construction, operation and maintenance of two hydrogen filling stations at the rebus bus depots in Güstrow and Bad Doberan. In addition, APEX will be given a mandate to provide the two filling stations with green hydrogen. rebus is a bus company based in Mecklenburg-Vorpommern, Germany. The filling stations are expected to be operational by the beginning of 2024 and will become the property of rebus upon completion. rebus plans to procure and operate 47 fuel cell low-floor solo buses in the 12-meter variant and five additional fuel cell articulated buses in the 18-meter variant. Delivery of the first hydrogen bus is expected in early 2024. Subsequently, further buses will be delivered monthly, so that the hydrogen-powered bus fleet is scheduled to be complete with 52 vehicles at the beginning of 2025.

The project for rebus is expected to generate total revenue of EUR 6 million for APEX in the financial years 2023 and 2024 for the construction of the two filling stations. In addition, over the project period from 2024 to the end of 2031, APEX anticipates a total of at least EUR 21 million in revenue from supplying hydrogen via the filling stations and around EUR 3 million in revenue for the operation and maintenance of these filling stations.

An investment of a double-digit million Euro sum by APEX to expand capacity at its own hydrogen electrolysis plant located at the company's Rostock/Laage site from the current 2 MW to 12 MW, will be utilized in part to provide the projected green hydrogen volume of around 2,200 tonnes for the two hydrogen filling stations from 2024 to the end of 2031. The supply of the two hydrogen filling stations will account for around one-third of this capacity, and the remaining capacity will be marketed to additional customers. APEX’s plant is one of the largest grid-connected hydrogen plants in Europe. The green hydrogen produced by APEX is produced exclusively from renewable energies such as wind and solar power.

As is customary for contracts awarded in a public invitation to tender according to German law, there is a 14-day objection period for all bidders who have not been awarded the contract. After expiry of the objection period, APEX will indicate whether an objection has been made.

APEX is a 100% subsidiary of stock market listed exceet Group SCA (“exceet,” ISIN LU0472835155, WKN A0YF5P). exceet acquired APEX in early 2023 and provided it with capital to support the realization of the significant hydrogen project pipeline amounting to 1.7 gigawatts.

Peter Rößner, CEO of APEX, said: “We are pleased to be able to present the first renowned new project to our shareholders shortly after our listing on the stock market. Being awarded with this contract for rebus once again proves the quality of our technology and our proven expertise in planning. As a leading developer and operator of hydrogen electrolysis plants for industry, infrastructure and mobility, our pipeline is well filled and we expect to announce further new contracts shortly. This puts us on track to become an internationally established developer and operator of hydrogen plants.“

APEX has already built the first hydrogen filling station for heavy-duty transport in Mecklenburg-Vorpommern, which the company has been successfully operating since October 2022, and has thus acquired relevant experience. The filling station is located at Rostock-Laage Airport in the immediate vicinity of the A19 and the A20 motorway junction and serves the refueling of trucks, buses and cars with up to 450 kg of green hydrogen per day, which is produced on a carbon-neutral basis by APEX.

This project has no influence on the revenue guidance of at least EUR 15 million for fiscal year 2023, as the vast majority of revenues from this project will be generated from fiscal year 2024 onwards.