Energiequelle Invests in Green Hydrogen Project in Oulu, Finland
Key Ideas
- German developer Energiequelle plans a three-phase green hydrogen project in Oulu, Finland, aiming to deploy up to 500MW of electrolyser capacity.
- The project's first phase includes a 5MW capacity and a hydrogen refuelling station for heavy-duty vehicles, with subsequent phases scaling up to 10-50MW.
- Commissioning is expected between 2028-2033, subject to market conditions and final investment decision (FID), leveraging Finland's low-cost power supplies.
- The project signals growing interest in green hydrogen in Europe, particularly in Finland, as developers race to establish a presence in the region's green energy market.
German independent developer Energiequelle has announced plans to develop a green hydrogen project in Oulu, Finland, taking advantage of the region's low-cost power supplies. The company has secured a greenfield site for the project, which will be implemented in three phases. The first phase will involve setting up a 5MW electrolyser capacity along with a hydrogen refuelling station catering to buses and heavy-duty vehicles. Subsequent phases will see an increase in capacity to 10-50MW, potentially incorporating pipeline and seaborne transportation for the produced green hydrogen. Energiequelle targets commissioning between 2028 and 2033, with the timeline contingent on market conditions and the final investment decision. This initiative highlights the increasing interest in green hydrogen projects across Europe, especially in Finland, as companies strive to capitalize on the growing demand for sustainable energy solutions in the region.