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
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets