The declaration outlined cooperation across hydrogen infrastructure, technology development and investment.

Sari Multala, Finnish Minister of Climate and Environment, said that hydrogen will be a “key tool” and opportunity in Finland’s clean transition, and outlined a target of accounting for 10% of hydrogen production in the EU.

The agreement between the German Minister of Economic Affairs and Energy and Multala could further Finland’s ambitions to become Europe’s leading economy across the hydrogen value chain and make it an internationally leading supplier.

The country’s location, vast hydropower resources, strong infrastructure, and policy pulls have increasingly positioned Finland as an attractive hub for producing green hydrogen. It is currently involved in developing the 2,500km Nordic-Baltic Hydrogen Corridor, which could supply molecules to Germany and Poland.

Germany has been leading the European charge in developing end-use applications. However, with limited cheap renewable power, the nation has plans to import up to 70% of its 2030 hydrogen demand.

Specific plans under the non-binding agreement have not yet been disclosed. The pair said details of projects and initiatives will be discussed separately.