The Management Board of Polenergia S.A. (the “Issuer“) announces that on 13 June 2025, it became aware that the Bank Gospodarstwa Krajowego (“BGK”) has recommended the H2Silesia project consisting in the construction of a large-scale renewable hydrogen plant (the “Project“) for non-refundable support, as part of the call for applications for projects in the third part of Investment B2.1.1. “Investments in hydrogen technologies, production, storage and transportation of hydrogen” – call number KPOD.03.18-IW.05-001/24.
The recommendation followed formal and substantive evaluation (horizontal, specific and economic criteria). The Project is subject to a notification decision under IPCEI Hydrogen Hy2Infra (Important Projects of Common European Interest) approving the maximum ceiling of public assistance for the Project in the amount of EUR 142.77 million, as notified by the Issuer in Report No. 7/2024 dated 15 February 2024.
The BGK’s recommendation signifies the settlement of the call for proposals, as a result of which the Issuer’s subsidiary implementing the Project, i.e. Polenergia H2Silesia sp. z o.o., is authorized to conclude an agreement on financing its implementation in the amount of PLN 618,319,831.97.
The project is being implemented by the Issuer’s special purpose vehicle, Polenergia H2Silesia sp. z o.o., and involves the construction of a large-scale renewable hydrogen production facility with a capacity of about 105 MW for heavy industry and zero-emission transportation.
The final implementation of the Project depends on external criteria, such as the conclusion of contracts securing the terms of hydrogen supply, the fulfillment of the relevant economic criteria and the availability of financing for the Project, the receipt of the required corporate approvals, as well as the results of the strategic options review process in this scope notified by the Company in the Report No. 4/2024 of 8 February 2024. The Issuer will report on the next stages of the Project in a separate stock exchange report.
legal basis: Article 17 section 1 of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.
Issuer’s Management Board
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