The company produces green hydrogen completely emission-free through the electrolysis of water using renewable energy sources.
In developing this large-scale green hydrogen production project, it could provide a significant boost to Finland’s hydrogen economy as the nation looks to decarbonise the region and support the growing hydrogen ecosystem in the EU.
Construction work on the 20MW green hydrogen production plant in Harjavalta Industrial Park will begin in autumn 2022.
The plant is scheduled for completion in the first half of 2024.
The goal of P2X Solutions is to implement further green hydrogen production plants with the same concept, and preparations for the following plants have already started.
Herkko Plit, CEO of P2X Solutions, said, “It is great to have Prime Capital with us, they invest in future green energy solutions and are also interested in providing long-term funding for our company.
“Our investment in Harjavalta will launch the Finnish green hydrogen market and be a step towards a zero-emission welfare society. A well-functioning hydrogen market will enable the industry and transport sectors to move towards a zero-emission energy and raw material economy.
“By accelerating this development, we will ensure keeping pace with the rest of Europe and moving towards achieving our emission reduction targets.”
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