BRIEF

on Helikos S.E. (isin : LU0472835155)

H2APEX Receives Grant for 100 MW Electrolysis Plant in Rostock-Laage

Stock price chart of Helikos S.E. (EBR:EXC) showing fluctuations.

H2APEX has received a significant grant for the construction of a 100 MW electrolysis plant in Rostock-Laage. The project is part of the East German hydrogen hub initiative, "doing hydrogen," backed by European IPCEI funding under the "Hy2Infra" wave. The Federal Government is supporting the project with 117 million euros, and the state of Mecklenburg-Western Pomerania (MV) is contributing 50.2 million euros, bringing the total investment to around 213 million euros.

Set to be completed by 2027, the plant will produce over 7,500 tons of green hydrogen annually, translating to CO2 savings of approximately 85,000 tons. It will be operated by H2APEX and is expected to generate significant annual revenue from hydrogen, heat, and certificate sales.

The project aims to strengthen the hydrogen economy in Northern Germany and facilitate hydrogen transport to major urban areas in Berlin, Eisenhüttenstadt, and Leipzig-Leuna. This grant marks H2APEX as a key SME beneficiary of the IPCEI funding, among 24 major projects nationwide.

"This project is a testament to our efforts in advancing the hydrogen industry in MV," said Peter Rößner, CEO of H2APEX. CTO Axel Funke added that H2APEX is proud to contribute to MV's industrial growth.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Helikos S.E. news