Finland to Become the Leading Hydrogen Economy in Europe – H2 Cluster Finland Publishes a Hydrogen Economy Strategy

2023-06-28 13:53

HELSINKI--(BUSINESS WIRE)--Jun 28, 2023--

"The new government program is based on Finland becoming a powerhouse of clean energy. It is the most important industrial and climate action of the decade, and it is based on hydrogen economy," commented Kai Mykkänen, Minister of the Environment and Climate.

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By 2030, Finland could produce over 14% of emission-free hydrogen in the EU. (Photo: Business Wire)

Finland holds a favourable position: the society is stable, infrastructure is well-planned, grid electricity is clean and the price is competitive in Europe, there is a favourable ratio of wind and solar power, and there is immense potential for developing both. By 2030, Finland could produce over 14% of emission-free hydrogen in the EU. Hydrogen economy will contribute to Finland's well-being by reducing dependence on imports in various industrial sectors, thereby strengthening self-sufficiency and energy security. Additionally, hydrogen economy has the potential to create up to 115,000 new jobs by 2035.

The strategy has been developed in collaboration with officials, industry unions, and companies involved in the entire hydrogen value chain. Achieving the set goals requires seamless and agile cooperation across industries. It also defines practical measures to achieve the set objectives. Minister Mykkänen states that the newly formed government also intends to promote hydrogen economy in practise by expediting and streamlining permitting processes, creating incentives for diverse electricity production growth, and aiming for rapid and comprehensive adoption of carbon capture and utilization by the mid-2030s.

"Finland needs to define which opportunities we want to focus on to genuinely leverage the unique opportunity to position Finland as a pioneer in Europe's hydrogen economy," says Olli Sipilä, CEO of Gasgrid and leader of the Hydrogen Cluster's strategy team.

The strategy is accessible at H2 Cluster website: https://h2cluster.fi/industry-led-hydrogen-economy-strategy-for-finland-published/

View source version on businesswire.com:https://www.businesswire.com/news/home/20230627754546/en/

CONTACT: Media contact:

Susanna Kupiainen

Communications coordinator at CLIC Innovation

susanna.kupiainen@clicinnovation.fi

p. +358 50 327 7337

Simo Säynevirta

Chairman of H2 Cluster Finland

Head of ABB Green Electrification ecosystem

simo.saynevirta@fi.abb.com

Olli Sipilä

Strategy team lead at H2 Cluster Finland

CEO of Gasgrid

olli.sipila@gasgrid.fi

KEYWORD: FINLAND EUROPE

INDUSTRY KEYWORD: NATURAL RESOURCES ENVIRONMENT ALTERNATIVE ENERGY ENERGY ENVIRONMENTAL POLICY ENVIRONMENTAL ISSUES GREEN TECHNOLOGY OTHER NATURAL RESOURCES

SOURCE: H2 Cluster Finland

PUB: 06/28/2023 01:30 AM/DISC: 06/28/2023 01:30 AM

http://www.businesswire.com/news/home/20230627754546/en