The Danish investor agreed to inject €15m ($16m) in the first 100MW phase of the EU-backed Lubmin project through its Energy Transition Fund.

The project, supported by EU IPCEI funding of €167m ($179m), is targeting an annual production of up to 10,000 tonnes of hydrogen in its first phase, with construction slated to begin in 2026.

CIP and H2Apex aim to demonstrate large-scale green hydrogen production and feed it into Germany’s planned Flow pipeline network. CIP’s investment is expected to bridge the funding gap ahead of full EU disbursement.

H2Apex CEO, Peter Rößner said the closing “represents a milestone for the company,” and confirmed that component order and permitting will be the next focus.

“We are delighted that the strategic partnership with CIP is progressing according to plan and that the project is a top priority for all parties involved,” he said. “This was also made clear at our kick-off meeting with all relevant project participants.”

H2Apex plans to achieve a total capacity of over 1GW in Lubmin.

With the deal finalised, CIP will continue to act as the strategic investor and financial lead, providing capital and investment structure to deliver the project.

Meanwhile, H2Apex will carry on as project developer and operator, responsible for engineering, permitting, and technical integration.

The Rostock-based firm only acquired the Lubmin project in July from insolvent HH2E.

Through its 100% subsidiary, Apex Nova Holding, the company became the sole owner of all shares in HH2E Werk Lubmin in a deal worth €7m ($8m).