In a first step, CIP is investing €15 million in the project phase in order to reach the final investment decision (FID).
Peter Rößner, CEO of H2APEX, commented: “We are delighted that the strategic partnership with CIP, which represents a milestone for our company, is progressing according to plan and that the project is a top priority for all parties involved. This was also made clear at our kick-off meeting with all relevant project participants. Over the next few months, the focus will initially be on ordering components and continuing the approval process. Construction is scheduled to start in 2026.”
CIP is participating as a strategic investor in the first expansion stage of H2APEX’s IPCEI-funded hydrogen project in Lubmin with a 70% stake. The aim of the partnership is to pre-finance the EU IPCEI funding of €167 million and to raise the additional financial resources required. The plan is to produce up to 10 000 tpy of hydrogen at the Lubmin site, which corresponds to a capacity of 100 MW in the first expansion phase. In the long term, H2APEX plans to achieve a total capacity of more than 1 000 MW in Lubmin. The hydrogen off-take for the first expansion stage has already been secured in a preliminary agreement.
