EQS-News

exceet Group SCA: Financial Result Q1 2023 - Seite 3

 

Hydrogen is a central component of the strategy for achieving the EU climate targets for 2030 and is particularly relevant for Germany as an industrial hub. Within this framework, by 2030 at least 40 GW of electrolysis capacity is to be available in the EU and up to 10 million tons of green hydrogen are to be produced annually in the EU. The investment volume for this is estimated at around EUR 300 billion and will be supported to a considerable extent by state subsidies. In Germany, 10 GW of electrolysis capacity is to be created by 2030 – subsidies amounting to EUR 9 billion have already been pledged for hydrogen technology. Green hydrogen is of particular importance here: it contributes to the decarbonization of the economy and the decreasing costs for hydrogen electrolysis plants due to economies of scale make hydrogen an attractive option for industry, infrastructure and mobility.

 

While APEX has in recent years invested primarily in the development of plant technology, capacity and know-how, the company now expects significant growth in the coming years as the realization of the pipeline is underway. For the 2023 financial year, more than EUR 15 million in revenue have already been contractually secured. APEX is furthermore in negotiations on additional projects.

 

 

 

Performance Report on the Three Months 2023 available at

https://www.exceet.com/Q1-2023-Report

 

 

 

Please contact for further information:

Email: [e-mail]

exceet Group SCA

17, rue de Flaxweiler

L-6776 Grevenmacher

Phone [phone]

 

 

ISIN LU0472835155 (Public Shares), Regulated Market, Prime Standard, Frankfurt/Main

 

 

About exceet

exceet is a holding listed on the Prime Standard segment 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.