Hydrogen Filling Stations Project Awarded to APEX Group: exceet Group SCA to Construct and Supply Two Stations for 52 Hydrogen Buses in Germany, as Part of a Long-term Offtake Agreement with Rebus
In a significant move towards becoming an internationally established developer and operator of hydrogen plants, APEX Group, a subsidiary of exceet Group SCA, has been awarded a contract by rebus Regionalbus Rostock GmbH to build and supply two hydrogen filling stations in Germany.
The project involves the construction of hydrogen filling stations at rebus bus depots in Guestrow and Bad Doberan. The hydrogen filling station at Rostock-Laage Airport serves the refueling of trucks, buses, and cars with up to 450 kg of green hydrogen per day.
APEX, founded in Rostock/Laage, Germany, in 2000, focuses entirely on hydrogen electrolysis plants. The company develops, builds, and sells or operates green hydrogen electrolysis plants with an electrolysis capacity below 1 GW. For this project, APEX will utilize an investment to expand its hydrogen electrolysis plant capacity from 2 MW to 12 MW to provide the projected green hydrogen volume for the two filling stations.
The supply of the two hydrogen filling stations will account for around one-third of APEX's expanded capacity, with the remaining capacity marketed to additional customers. Notably, APEX's hydrogen plant at the filling station produces green hydrogen on a carbon-neutral basis.
rebus plans to procure and operate 52 hydrogen buses, including 47 fuel cell low-floor solo buses and five fuel cell articulated buses. The revenue from this project will not influence APEX's revenue guidance of at least EUR 15 million for fiscal year 2023, as the majority of revenues will be generated from fiscal year 2024 onwards.
The hydrogen filling stations are expected to be operational by early 2024 and will become the property of rebus upon completion. The project is subject to a 14-day objection period for all bidders who have not been awarded the contract.
APEX has been a pioneer in the hydrogen electrolysis field since 2012. The company's hydrogen plants are used to decarbonize industrial value chains and produce green hydrogen and hydrogen derivatives such as LOHC (liquid organic hydrogen carriers) and e-fuels. APEX's goal is to become an internationally established developer and operator of hydrogen plants.
The APEX hydrogen plant at the filling station is one of the largest grid-connected hydrogen plants in Europe and produces green hydrogen exclusively from renewable energies. APEX offers hydrogen plants for infrastructure and logistics, especially for industrial use in warehouses, ports, and production facilities.
While specific details regarding the timeline or estimated revenue for this project could not be found in the search results provided, it is expected that the project will generate a total revenue of EUR 27 million for APEX over the period from 2023 to 2031.
APEX Group, a subsidiary focused on hydrogen electrolysis plants, will utilize an investment to expand its capacity, supplying green hydrogen for two hydrogen filling stations built for rebus Regionalbus Rostock GmbH. This project aligns with APEX's goal to become an international hydrogen plant developer and operator. Once operational, these filling stations will serve rebus's fleet of 52 hydrogen buses, generating around one-third of APEX's expanded capacity. The revenue from this project, projected to total EUR 27 million over eight years, is expected to augment APEX's anticipated revenue of at least EUR 15 million for fiscal year 2023, with the majority coming from fiscal year 2024 onwards. The project illustrates the interplay between science, environmental-science, finance, business, and technology, driving the transition towards sustainable transportation and carbon-neutral industries.
