Fortum and P2X Solutions Partner to Ramp Up Green Hydrogen Production in Finland
Key Ideas
- Fortum and P2X Solutions signed a five-year Power Purchase Agreement to enable green hydrogen production in Harjavalta, Finland.
- The agreement aligns with EU regulations for renewable hydrogen, marking a significant step towards decarbonisation and a sustainable future.
- This partnership showcases the critical role of green hydrogen in reducing carbon emissions, supporting cleaner production methods across industries.
- P2X Solutions' investment in Harjavalta is a pioneering move that opens up the Finnish green hydrogen market and contributes to a carbon-neutral society.
Fortum, a Nordic energy company, has partnered with Finnish green hydrogen company P2X Solutions to ramp up green hydrogen production in Harjavalta, Finland. The five-year Power Purchase Agreement ensures that P2X Solutions can produce green hydrogen according to strict EU criteria by sourcing power from Fortum's renewable energy portfolio in Finland. The agreement, which includes a Guarantee of Origins, runs until the end of 2029. This collaboration is a crucial step towards decarbonisation, aligning with EU regulations that mandate renewable energy production and consumption for green hydrogen to be matched on a monthly basis until 2029. By leveraging Fortum's renewable energy, P2X Solutions aims to provide clients with the green hydrogen necessary for transitioning to cleaner production methods. The CEOs of both companies emphasize the shared vision for a sustainable future and highlight the essential role of green hydrogen in reducing carbon emissions across industries. P2X Solutions, as a pioneer in green hydrogen and Power-to-X technology, is set to open Finland's first industrial-scale green hydrogen and synthetic methane production plant in Harjavalta. This investment not only opens up the Finnish green hydrogen market but also contributes to building a carbon-neutral welfare society.
Topics
Production
Renewable Energy
Innovation
Sustainability
Green Technology
Decarbonisation
Collaboration
Power Purchase Agreement
Nordic Energy Company
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