Hydrogen Economy in Finland

Solid Ground for the Green Transition

The green transition is progressing rapidly in Finland. Overall, planned investments worth multiple hundreds of billions of euros have been designated for various applications of the green transition in the country. The capacity of renewable electricity production and the world-class transmission infrastructure form solid grounds to build upon. This also enables a cost-efficient and reliable hydrogen economy, including its entire ecosystem, of which Green North Energy is taking full advantage.

Finland has managed to kick start the hydrogen economy. This is why.

  • Ambitious roadmap for cost-efficient renewable electricity production
  • Stable environment for investments with ambitious carbon neutrality targets
  • World-class water and electricity supply
  • Utilization of excess heat in district heating
  • Industry experience in energy, maritime and chemicals
  • World-class expertise in engineering, research and digital solutions

Reform in the Ammonia Market

The production of ammonia has traditionally been tied to locations with natural gas reservoirs. As we enter the green hydrogen era, which relies on renewable electricity, this is no longer the case. Finland has great potential to become a global hotspot in green ammonia production. Reducing dependency on imported ammonia from Russia creates intrinsic motivation to invest in developing the industry even further.

The demand for ammonia is estimated to grow significantly in Europe. This provides an interesting setting for Green North Energy to export either the produced green ammonia or product development expertise and complete plant solutions to nearby markets.