Hydrogen market and technology developer Plug Power, Latham, N.Y., said on May 30 that it plans three green hydrogen production plants in Finland for European markets, with at least one of those also producing ammonia. The planned green hydrogen production plants will result in the production of 850 mt/d of green hydrogen, or 2.2 gigawatts of electrolyzer capacity, by the end of the decade, with a final investment decision to be made by 2025/2026.
Plug said the projects are expected to represent some of the largest investments in the European market, and that the sites will be strategically located to take advantage of its abundant decarbonized and clean energy sources, such as nuclear, wind, and hydro power.
A plant in Kokkola is expected to generate 85 mt/d of liquid green hydrogen, and up to 700,000 mt/y of green ammonia, using 1GW of electrolyzers. The hydrogen will be produced for local use and for export to Western Europe from the Port of Kokkola; green ammonia will also be exported through the same port.
Plug is partnering with Hy2Gen, the global project developer of renewable hydrogen, ammonia, and hydrogen-based e-fuels, for the development of the ammonia plant. Hy2Gen is backed by Hy24, the largest global hydrogen infrastructure fund, by Mirova, a management company dedicated to sustainable investment; by CDPQ, a global investment group investing in the energy transition; by Technip Energies, a leading engineering and technology company for the energy transition; and Trafigura, a major global commodities player.
Plug will also collaborate with Hy2Gen on the development of hydrogen derivatives (e-fuels, methanol, and ammonia) on other projects in the region, enabling industry and transport users to reduce their carbon footprint.
At a Kristinestad site a 1GW electrolyzer plant will generate green hydrogen for green steel production, while 100 mt/d of hydrogen produced at a Porvoo plant will be used for local mobility and exported through pipeline injection to Western Europe.