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