- Plug Power plans to develop three green hydrogen production plants in Finland.
- The plants will produce 850 tons per day of green hydrogen, supporting ammonia and green direct reduced iron production.
- Each site has specific production capacities and export plans for green hydrogen and ammonia.
- Plug Power has signed agreements with Fingrid and Gasgrid to strengthen infrastructure and grid capacities.
Plug Power Plans Three Green Hydrogen Production Plants in Finland
Plug Power Inc., a provider of turnkey hydrogen solutions, has announced its intention to develop three green hydrogen production plants in Finland. These projects aim to significantly contribute to the production of green hydrogen and support the decarbonization efforts in Europe, reports the company.
Driving Decarbonization and Energy Transition
The Plug Power green hydrogen production plants in Finland will play a vital role in reducing dependence on fossil fuels and driving the decarbonisation of Europe. By utilising Plug’s advanced technology, these sites will produce green hydrogen, ammonia, and green direct reduced iron (DRI), promoting sustainable practices across various industries.
Collaborating for Capital Solutions and Offtake Commitments
Plug Power is actively engaging with financial investors and debt providers to secure optimal capital solutions for these projects. The company is also collaborating with industrial partners to ensure offtake commitments from reliable counterparts, demonstrating its commitment to success.
Strategic Locations in Finland
The three green hydrogen production sites will be strategically located in Finland. They will capitalise on the country’s abundant decarbonised and clean energy sources, including nuclear, wind, and hydro power. These sites are carefully chosen to maximise efficiency and enable easy access to export markets.
Site Details and Production Capacities
- Kokkola, Finland: This site will generate 85TPD of liquid green hydrogen and produce up to 700 kt of green ammonia annually. The liquid green hydrogen will be utilized locally and exported to western Europe through the Port of Kokkola.
- Kristinestad, Finland: With a 1GW electrolyzer plant, this site will cater specifically to green steel production. The green hydrogen produced here will be exported from the port of Kristinestad.
- Porvoo, Finland: By 2030, this site aims to produce up to 100TPD of green hydrogen. The hydrogen will be utilised for local mobility and exported through pipeline injection to Western Europe.
Partnerships Driving Sustainability
Hy2Gen Partnership for Ammonia Plant Development
Plug Power has formed a partnership with Hy2Gen, a global project developer focused on renewable hydrogen, ammonia, and hydrogen-based e-fuels. Together, they will develop the ammonia plant and explore opportunities for hydrogen derivatives production, enabling industries and transportation to reduce their carbon footprint.
GravitHy Partnership for DRI/HBI Plant Development
Plug Power has partnered with GravitHy, an industrial company dedicated to decarbonizing the steel value chain. This collaboration will focus on developing the DRI/HBI plant, a significant step towards greener steel production and the transformation of the steel industry.
Andy Marsh, CEO of Plug said, “Plug is accelerating its commitment to Europe at an unprecedented scale with these three planned historic industrial sector projects collaborating with both financial and industrial partners. We are proud to commit our know-how and turnkey hydrogen solutions towards helping Finland deliver on its vision to become a European leader of the green hydrogen economy.”
Positive Impact on Local Economy
These projects are expected to create approximately 1,000 direct jobs and over 3,000 indirect jobs, providing a substantial boost to the local economy. Plug Power’s investment in Finland aligns with the country’s goal of becoming carbon neutral by 2035, as outlined in the National Climate and Energy Strategy.
Supporting Europe’s Energy Transition
Plug Power’s green hydrogen production plants in Finland will contribute to Europe’s energy transition and enhance the region’s energy security. These projects align with the ambitious RePower EU plan, which aims to produce 10 million tons of renewable hydrogen in Europe by 2030.
Strengthening Infrastructure and Grid Capacities
Plug Power has signed memorandums of understanding (MOUs) with Fingrid and Gasgrid, Finland’s electricity and natural gas transmission system operators. This collaboration ensures the development of hydrogen infrastructures and the capacity of the electric grid, supporting the growth