German green hydrogen plant developer, APEX Group, has announced its successful public listing on the Frankfurt stock exchange. APEX is a leading developer and operator of “green” hydrogen electrolysis plants for the decarbonization of industry, infrastructure and mobility.
The company has been operating one of the largest grid-connected hydrogen plants in Europe since 2020 and is currently implementing projects for industrial companies such as ArcelorMittal and EnBW. APEX has also been selected to implement a 100 MW large-scale H2ERO project with an expected project volume of EUR 199 million and annual production capacity of more than 7,500 tons of hydrogen. The project is expected to generate annual recurring revenues of around EUR 45 million.
APEX’s experienced and technically skilled management team led by CEO Peter Rößner will continue to lead the company’s operations. The company’s goal is to become an internationally established developer and operator of hydrogen plants and achieve profitable growth.
The public listing provides APEX with approximately EUR 87 million in fresh capital, of which approximately EUR 70 million will be used to realize the pipeline. Key shareholder in the listing us the investment company Active Ownership, which has extensive experience in the field of renewable energies, including its participation in the wind farm project developer and operator PNE AG.
APEX has a significant project pipeline comprising 50 projects with a total electrolysis capacity of more than 1.7 GW. The company aims to be a pioneer in the field of green hydrogen electrolysis plants for industry, infrastructure and mobility and the transaction is a step forward for the company to achieve its goals.
The announcement comes at a time when the hydrogen economy is gaining momentum and interest in hydrogen as a clean energy source is growing. APEX’s listing on the stock exchange is expected to increase its visibility for customers and increase its ability to execute its project pipeline.