Plug bets on Finland with $6bn green project
US electrolyser manufacturer forms consortium to deploy 2.2GW of capacity in Nordic country to supply European markets and domestic green steel production
US electrolyser manufacturer Plug Power has set out plans to deploy 2.2GW of electrolyser capacity across three sites in Finland with an investment of around $6bn in one of Europe’s largest green hydrogen supply projects. The move comes amid growing interest in Finland as a strategic location for green hydrogen production due to its access to affordable renewable and nuclear power, and the country’s push to develop both domestic and export pipeline infrastructure. “Finland’s abundant decarbonised and growing renewable energy sources makes it the most strategic location,” says Benjamin Haycraft, executive vice-president Emea region at Plug, which is based in New York. “Finland’s abundan

Also in this section
18 June 2025
The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist
18 June 2025
UK risks losing out on in race to secure hydrogen imports as its refusal to back ammonia cracking sinks $2.7b Immingham project
11 June 2025
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
30 May 2025
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen