Fortum and P2X Solutions Collaborate to Drive Green Hydrogen Production in Finland
Key Ideas
- Fortum and P2X Solutions signed a five-year Power Purchase Agreement (PPA) to enable green hydrogen production in Harjavalta, Finland.
- The agreement ensures the production of green hydrogen in accordance with strict EU criteria, marking a step towards a carbon-neutral society.
- Renewable energy sourced from Fortum will support P2X Solutions’ green hydrogen plant, aligning with EU regulations for renewable hydrogen production.
- Both companies emphasize the importance of collaboration and the role of green hydrogen in driving sustainability and reducing carbon emissions.
Fortum, a leading energy company in Finland, has partnered with P2X Solutions, a Finnish green hydrogen company, to support the production of green hydrogen at P2X Solutions' plant in Harjavalta, south-western Finland. The five-year Power Purchase Agreement (PPA) between the two companies ensures that P2X Solutions can produce green hydrogen following strict EU criteria. The renewable power required for this production will be sourced from Fortum's renewable energy portfolio in Finland, with the agreement spanning until the end of 2029 and complying with EU regulations for renewable hydrogen.
The partnership signifies a crucial step towards a carbon-neutral society and sustainable energy transition in Finland. By aligning with Renewable Fuels of Non-Biological Origin (RFNBO) regulations, the agreement aims to match renewable energy production and consumption for green hydrogen, with future plans to match on an hourly basis after 2029.
Urs Pennanen, Senior Vice President of Corporate Customers at Fortum, highlights the company's commitment to decarbonisation and the importance of collaboration in achieving sustainability goals. Herkko Plit, CEO of P2X Solutions, emphasizes how this investment in Harjavalta will pioneer the Finnish green hydrogen market, supporting cleaner production methods and contributing to a greener future.
The utilization of Fortum's renewable energy not only showcases a shared vision for sustainability but also underscores the pivotal role of green hydrogen in reducing carbon emissions across various industries. The collaboration between Fortum and P2X Solutions exemplifies the power of partnerships in driving the adoption of green technologies and fostering a more sustainable energy landscape.
Topics
Green Hydrogen
Renewable Energy
Sustainability
Carbon Emissions
Decarbonisation
Collaboration
Industries
EU Regulations
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