1MW AEM Electrolyzer delivery, EANAPTER

Enapter has always emphasised the importance of partners: Our suppliers, integration partners, customers, supporters and extended team allow us to make AEM Electrolysers a reality.
And as we scale globally, we’re starting to welcome a new kind of partner such as Wolong Electric Group Co., Ltd. – with whom we’ve just signed an agreement to establish a joint venture company to tap into the potential of the Chinese market. Read on for the news on this exciting partnership and all our global collaborations:

Enapter and #Wolong sign joint venture agreement to bring #AEM Electrolysers to China.
Foundation of joint venture with Wolong Group

Late last month we formally agreed to establish a joint venture company with one of the world’s top three motor and drive manufacturers, Wolong Electric Group Co, Ltd in China – significantly expanding on our earlier 2023 framework agreement worth more than EUR 6 million.
This joint venture will acquire stacks from Enapter (manufactured in Pisa, Italy) and produce our AEM Electrolyser products locally in China to tap into the huge potential of the Chinese market.
Enapter will hold a 49% stake, granting an exclusive local licence for electrolyser sale and production, as well as providing engineering services and technical support to the venture. The Wolong Group will hold a 51% stake and contribute around EUR 2.0 million in cash to the company, as well as financing, production resources and local personnel to set up production as well as a sales and service network. Read the full story here.
With this contract – and following the recent announcement of the US cooperation agreement with Solar Invest International – Enapter is continuing to realise part of its communicated strategy of establishing international partnerships.
Find out about becoming an integration partner here or contact us about international partnerships.
Positive EBITDA for the first time

“2023 was the most successful year in Enapter's history to date,” says our CEO Jürgen Laakmann with reference to the preliminary figures.
We achieved positive EBITDA for the first time in our company’s history, increased revenue significantly by 114% to € 31.5 million and met our guidance.
Demand for our larger-scale multi-core AEM Electrolyser class has increased significantly: The devices that include our AEM Nexus 500 & 1000 as well as the AEM Flex 120 now account for around 95% of total enquiries.
These good news are a testament to the dedication and hard work of our incredible team and partners. A big thank you to everyone who contributed to this milestone!
Please read the full statement of our CEO Jürgen Laakmann over here.