Finland hydrogen energy storage

Is Finland ready for a hydrogen future?

Finland is at the forefront of this transition, driving green energy initiatives and expanding hydrogen production. Such is the belief in the possibilities of the local hydrogen sector that Finland has set a bold target of producing one million tonnes of pure hydrogen by 2030 – accounting for 10 per cent of the EU’s target of 10 million tonnes.

How many hydrogen projects are there in Finland?

In a list of green investments in Finland by the Confederation of Finnish Industries, there are 31 planned hydrogen projects listed . The projects would produce hydrogen mainly through electrolysis, with some of the projects further refining the hydrogen into ammonia, methane and methanol.

How will the hydrogen economy impact Finland?

The hydrogen economy will bring new investments and workplaces, as well as improve energy independence and security of supply. This will improve Finland’s competitiveness and provide us with sustainable wellbeing across the country. The transmission and storage of hydrogen will play an important role in enabling the hydrogen economy.

Is Finland a global leader in the green hydrogen economy?

Finland is positioning itself as a global leader in the green hydrogen economy, with ambitious development transforming the energy landscape backed by cutting-edge innovation and a collaborative approach. In Singapore’s tropical heat, what could be more refreshing than ice cream?

Can PHS be used as energy storage in Finland?

Plans exist for PHS systems, but studies have indicated that there may be few suitable locations for PHS plants in Finland [94, 95]. While large electrolyzer capacities are planned to produce renewable hydrogen, only pilot-scale plans currently exist for their use as energy storage for the energy system (power-to-hydrogen-to-power).

How do EU-funded hydrogen projects work in Finland?

There is a variety of EU-funded financial tools and incentives for hydrogen projects . The affordable low-carbon electricity grid, the high availability of new VRES, and the willingness to pay from local offtakers, are making Finland attractive for European renewable hydrogen projects.