RCS - exceet Group SCA - APEX Group acquires land

China ApexAnnouncement

27/07/2023 10:00

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RNS Number : 4071H  exceet Group SCA  27 July 2023

 exceet Group SCA / Key word(s): Miscellaneous

APEX Group acquires land at strategic locations in Lubmin, Germany, in order
 to build up to 600 MW of electrolyser capacity for the production of green
 hydrogen

27.07.2023

The issuer is solely responsible for the content of this announcement.

·      Plots of land offer strategically favorable conditions thanks to
 their proximity to the future H2 pipeline, offshore wind farms and an existing
 substation

 ·      Construction of new production plant for feeding green hydrogen
 into the hydrogen core grid

 ·      After completion, APEX will take over operation of the project

 ·      Construction of a hydrogen filling station for the mobility
 sector in and around Lubmin is envisaged

 ROSTOCK/LAAGE, GERMANY/GREVENMACHER, LUXEMBURG/LUBMIN, GERMANY / July 27, 2023
 - APEX Group ("APEX"), a leading developer and operator of "green" hydrogen
 electrolysis plants for the decarbonization of industry, infrastructure, and
 mobility and a 100% subsidiary of exceet Group SCA (ISIN LU0472835155, WKN
 A0YF5P), has signed an agreement to acquire three strategically important
 plots of land in Lubmin from EWN Entsorgungswerk für Nuklearanlagen GmbH. In
 the future, APEX plans to produce hydrogen on the site with up to 600 MW of
 installed electrolyser capacity. Completion of the first construction stage is
 already planned for 2027. APEX will construct the plants and subsequently take
 over their operation as the owner. For the construction of plants to supply
 electricity and water and for wastewater disposal, there are intensive talks
 with other interested parties at the site to jointly build the necessary
 infrastructure.

 In the final construction phase, the plant would generate up to 43,000 metric
 tons of hydrogen annually, avoiding more than 400,000 metric tons of carbon
 dioxide. The electricity used for this comes primarily from northern Germany
 and is generated exclusively from renewable sources, making it 100 percent
 green power.

 The recently acquired plots of land have a total area of around 5.2 hectares.
 In addition, a further 1.1 hectares of land will be reserved for acquisition
 by APEX. The purchase price for the acquired land, which is located on the
 site of the decommissioned Greifswald nuclear power plant in the municipality
 of Lubmin, Germany, amounts to around EUR 1.7 million. The price of the
 reserved plots of land will be determined at a later date. Due to the existing
 infrastructure, the plots of land offer ideal conditions for one of the most
 important locations for hydrogen production in Germany in the future. For
 example, several offshore wind farms northeast of Rügen, which currently have
 a feed-in capacity of around 1.5 GW, provide sustainable sources of renewable
 energies, and the existing substation offers the possibility of connecting to
 Germany's high-voltage transmission grid. Furthermore, APEX is participating
 in the project 'Flow - making hydrogen happen' as an associated partner. The
 aim of this project is to enable the transport of hydrogen across Germany
 using the current natural gas infrastructure. Lubmin will be the northeast hub
 of the pipeline project in Germany. Thanks to this feed-in option, APEX will
 also be able to make its green hydrogen available to customers in southern
 Germany, for example, in the future. There are also plans to connect to
 Europe's first hydrogen pipeline network.

 Peter Rößner, CEO of APEX, said: "As part of this project, APEX is taking on
 the position of a national and, in the future, international hydrogen
 supplier. Lubmin is the most promising and important location for the German
 hydrogen industry and the acquired plots of land secure us an enormously
 valuable presence there as well as a strategic competitive advantage. Through
 the partnership with 'Flow - making hydrogen happen,' we are also
 participating in what is currently the most powerful infrastructure project
 for the expansion of the hydrogen infrastructure."

 APEX is carrying out the construction and operation of the plant independently
 and can draw on the expertise gained from the successful completion of
 previous projects as well as on an extensive partner network in all technical
 areas. This is demonstrated, for example, by the 100 MW IPCEI network project
 H2ero in Rostock/Laage and the H2-Wyhlen and HyBit projects in Bremen, where
 APEX is building the electrolysis plants.

 In addition to the hydrogen production plant for the pipeline project, a
 hydrogen filling station for heavy-duty trucks is to be built on another plot
 of land on the access road to the Lubmin industrial area. APEX has already
 built the first filling station of its kind in Mecklenburg-Western Pomerania
 at the company's site in Rostock/Laage and has been operating it successfully
 since October 2022. Apex also planned and built hydrogen refueling stations
 for refueling buses of rebus Regionalbus Rostock GmbH and trains of the
 Heidekrautbahn in the Barnim district, which are scheduled to go into
 operation in 2024.

 The planned investments for the first construction phase, which includes the
 development of the necessary infrastructure, expert opinions, feasibility
 studies, planning and approval services as well as internal and external
 personnel costs, amount to around EUR 210 million. The project has no impact
 on the revenue forecast of at least EUR 15 million for the 2023 financial year
 since it is not expected to generate revenues until after 2023.

 About APEX Group

 APEX Group was founded in Rostock/Laage, Germany, in 2000 and has focused
 entirely on hydrogen electrolysis plants since 2012. The company is thus one
 of the pioneers in this field. APEX's goal is to become an internationally
 established developer and operator of hydrogen plants. In its core business,
 APEX develops, builds and sells or operates green hydrogen electrolysis plants
 with an electrolysis capacity below 1 GW. These are used to decarbonize
 industrial value chains and to produce green hydrogen and hydrogen derivatives
 such as LOHC (liquid organic hydrogen carriers) and e-fuels. They are used,
 for example, in the steel, chemical and cement industries as well as other
 energy intensive industries. In addition, the company offers hydrogen plants
 for infrastructure and logistics, especially for industrial use in warehouses,
 ports and production facilities.

 About exceet

 exceet is an investment holding company listed in the Prime Standard of the
 Frankfurt Stock Exchange (ISIN LU0472835155, WKN A0YF5P). Since the merger
 with the APEX Group, its investment focus has been on the development of
 projects for a decentralized supply of green hydrogen.

 Investor contact exceet:

Phone: +352 28 38 47 20

E-Mail: investor.relations@exceet.com (mailto:investor.relations@exceet.com)

 Press contact:

Charles Barker Corporate Communications

Peter Steiner / Tobias Eberle

Phone: +49 69 794090 -27 / -24

E-Mail: exceet-cb@charlesbarker.de (mailto:exceet-cb@charlesbarker.de)

27.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News
 - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
 Financial/Corporate News and Press Releases.
 Archive at www.eqs-news.com

 Language:  English
 Company:   exceet Group SCA
            17, rue de Flaxweiler
            6776 Grevenmacher
            Luxemburg
 Phone:     +352 2838 4720
 Fax:       +352 2838 4729
 E-mail:    info@exceet.com
 Internet:  www.exceet.com
 ISIN:      LU0472835155, LU0472839819
 WKN:       A0YF5P, A1BFHT
 Listed:    Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in
            Berlin, Munich, Stuttgart, Tradegate Exchange

 

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