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Enapter achieved positive EBITDA for the first time 

At Enapter, we achieved positive EBITDA for the first time in the  company’s history and saw a very positive trend in revenue growth according to the preliminary figures for 2023, the company released.

𝗞𝗲𝘆 𝗳𝗶𝗴𝘂𝗿𝗲𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘆𝗲𝗮𝗿 𝟮𝟬𝟮𝟯:

• Revenue: EUR 31.5 million (up 114% from EUR 14.7 million in the previous year)

• EBITDA: EUR 0.4 million (compared to previous year’s EUR -10.58 million)

• Net loss: EUR -7.1 million (compared to previous year’s EUR -12.98 million)

𝗠𝗮𝗿𝗸𝗲𝘁 𝗴𝗿𝗼𝘄𝘁𝗵 & 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗼𝘂𝘁𝗹𝗼𝗼𝗸:

• Order backlog: EUR 26 million (EUR 14 million in the 2024 financial year)

• Customer inquiries: EUR 1.6 billion in 2023

Demand for Enapter’s larger-scale multi-core #AEM Electrolyser class has increased significantly: These devices that include our AEM Nexus as well as the AEM Flex 120 now account for around 95% of total enquiries. In autumn 2023, the share was still 85%.

The very large share of AEM products within our multi-core class in the overall demand for AEM Electrolysers reflects the significant growth in demand from industry and logistics for solutions for large quantities of green hydrogen.

The competitive advantages of our patented AEM technology include its scalability, modular design and the fact that it does not require rare and expensive materials in production. In particular, iridium, the world market price of which fluctuates greatly due to a short supply, is not used in Enapter’s AEM Electrolysers.

photo of Enapter

Press release

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