H2Apex acquires insolvent HH2E’s 1GW hydrogen project in Lubmin

Rostock-based project developer H2Apex has acquired HH2E’s 1GW green hydrogen production plant in Lubmin, Germany.

Under an investor agreement, H2Apex will purchase the insolvent green hydrogen firm’s project subsidiary HH2E Lubminwerk to boost its hydrogen ambitions in northern Germany.

However, the deal is subject to the court approving the HH2E’s insolvency plan and the approval becoming final. As part of the agreement, H2Apex will reportedly commit €7m ($7.6m) to finance the acquisition.