The Aland-based firm Flexens and KIP Infra have signed a Letter of Intent (LoI) regarding a land lease agreement in the Kokkola Industrial Park, where they plan to build a 300 MW facility for hydrogen production. Green hydrogen will be produced through electrolysis and will also be converted into ammonia to be used in the chemical and agricultural industries. The interesting aspect of this news is that the announced facility is Finland’s largest hydrogen production plant till date which is expected to come into operation in 2027. The project developer, Flexens, states that the estimated cost of the plant is 500 million euros and there are ongoing negotiations to feed waste heat from the plant into Kokkola’s municipal heating network. Finland published its hydrogen strategy in 2020, and aims to install at least 1,000 MW of dedicated renewable capacity for green hydrogen production. The country has the potential to produce 45% of Europe’s clean hydrogen. However, Finland’s hydrogen market is still in its infancy. There are currently around 20 hydrogen plants in Finland. However, these plants are small, of 20 to 40 MW, and are not specifically designed around clean energy. Only one hydrogen plant is currently under construction in the country which is a 20 MW hydrogen plant in Harjavalta being built by Power2X Solutions. Moreover, another ~200 MW hydrogen plant is also planned in the Kristinestad area. Therefore, PTR concludes that Flexens’ announced 300 MW facility could act as a game-changer for the country’s hydrogen market as it would alone fulfil a third of Finland’s domestic capacity target.
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