The construction of Finland’s first industrial-scale green hydrogen production facility has begun, its future operator P2X Solutions said.
So-called green hydrogen is produced using renewable energy to split water by electrolysis.
As the energy crisis in Europe continues, green hydrogen is regarded as a potential future power source that can help the continent move away from its over-dependency on Russian energy, as well as reducing carbon emissions.
P2X Solutions, a private Finnish company, said last year it would invest some 70 million euros ($76 million) in the 20 megawatt hydrogen and synthetic methane production plant in Harjavalta, southwest Finland.
“Once completed in 2024, P2X Solutions’ plant will open the market for Finnish green hydrogen,” the company’s chairman Esa Harmala said in a statement.
Finland announced plans last June to build a hydrogen transmission network to help reduce carbon emissions and bolster the long-term security of its energy supplies following its decision to stop using Russian gas due to the war in Ukraine.
“The actual construction of hydrogen projects that begins here is part of the positive change that is ongoing in the energy industry but which has, for now, been overshadowed by the energy crisis,” Finland’s minister of economic affairs, Mika Lintila, said at the laying of the facility’s founding stone.
The start of construction on the Finnish project comes in the same week that Germany said it will join a new hydrogen pipeline project between Spain, Portugal and France.
The project, called H2Med, will connect Portugal and Spain with France and now Germany to supply about 10% of the European Union’s hydrogen demand by 2030.
The pipeline under the Mediterranean Sea will carry green hydrogen, made from water via electrolysis using renewable energy.
The Spanish government estimates H2Med will be able to supply some two million metric tons of hydrogen annually.