EQS-News

H2APEX: EU commission approves grant for 100 MW H2ERO hydrogen project as part of Hy2Infra-IPCEI funding

EQS-News: H2APEX Group SCA / Key word(s): Miscellaneous/Miscellaneous H2APEX: EU commission approves grant for 100 MW H2ERO hydrogen project as part of Hy2Infra-IPCEI funding 16.02.2024 / 09:38 CET/CEST The issuer is solely responsible for the content of this announcement. H2APEX: EU commission approves grant for 100 MW H2ERO hydrogen project as part of Hy2Infra-IPCEI funding

 

• Green large-scale 100 MW H2ERO project with expected investment volume of EUR 213 million and annual production capacity of 7,000 to 8,000 tons of hydrogen is amongst the projects to be funded
• Official grant notification from the German Federal Ministry for Economic Affairs and Climate Protection is expected soon
• H2APEX will operate H2ERO after its completion in 2028 and generate yearly recurring revenues in the mid double-digit million Euro range with the plant

 

 

Rostock-Laage (Germany), Grevenmacher (Luxembourg), 16.02.2024 – H2APEX (ISIN LU0472835155, WKN A0YF5P), a leading stock exchange listed developer and operator of green hydrogen plants for the decarbonization of industry, infrastructure and mobility, was informed on Wednesday that the European Commission has approved the Hy2Infra project ("Hy2Infra") – the third important project of common European interest ("IPCEI") in the hydrogen value chain. Hy2Infra comprises 33 projects from 32 companies from seven Member States, for which the participating Member States will provide public funding of up to EUR 6.9 billion.

Among the Hy2Infra projects to be funded is the large-scale 100 MW project H2ERO by H2APEX, for which a subsidiary of H2APEX has applied for funding of approximately EUR 167 million. The H2ERO project has an expected investment volume of EUR 213 million. Regular operation with an electrolysis capacity of 100 MW is expected in 2028. According to current plans, the hydrogen plant will have an annual production capacity of 7,000 to 8,000 tons of green hydrogen. H2APEX plans to operate H2ERO itself after its completion in 2028 and generate yearly recurring revenues in the mid double-digit million Euro range with the plant.