P2X Solutions, a Finnish forerunner of green hydrogen, and Alpiq, a leading Swiss energy services provider and European electricity producer, have agreed on a financing arrangement according to which Alpiq becomes the majority owner of P2X Solutions.
“Alpiq is a significant European energy company, and we are very excited to partner with them. Establishing a strategic partnership with Alpiq substantially strengthens our position and ability to scale up our business. Furthermore, with Alpiq we can optimize our value chain of renewable electricity, green hydrogen and e-fuels,” says Herkko Plit, CEO of P2X Solutions.
Alpiq generates electricity and offers its customers services in the fields of energy generation and marketing as well as energy optimization in several key markets in Europe, as well as in Finland with its own team since several years. The company has a particularly strong position and over 100 years of experience in hydropower production in Switzerland. Alpiq’s adjusted net revenue (excluding non-operating effects) in 2023 was over 8.5 billion euros (8.4 billion CHF).
“P2X Solutions fits perfectly into Alpiq’s strategy thanks to its hydrogen activities,” says Amédée Murisier, member of Alpiq’s Executive Board and also responsible for hydrogen activities in addition to the Swiss business. “We are glad that we can consolidate our position in Finland using the knowledge of CEO Herkko Plit and his team and can make a significant contribution to integrating renewable energy.”
Following the arrangement, P2X Solutions will continue as an independent company.
P2X Solutions is currently constructing Finland’s first industrial scale green hydrogen production plant in Harjavalta, Finland. The company is also planning hydrogen production plants in Joensuu and Oulu.
More information
Herkko Plit
CEO
P2X Solutions Oy
herkko.plit@p2x.fi
+358 50 462 0788
Media Relations Alpiq
media@alpiq.com
+41 58 833 83 33
P2X Solutions
P2X Solutions is a Finnish pioneer in green hydrogen and Power-to-X technology. We are accelerating the rise of the hydrogen market holistically and innovatively in all areas of the value chain. We operate as a producer and distributor of green hydrogen and synthetic fuel, and we supply hydrogen plants in a customer-oriented manner and on a turnkey basis, when needed. We are making the world cleaner—together. https://p2x.fi/
Alpiq
Alpiq is a leading Swiss energy services provider and electricity producer that operates throughout Europe. It offers its customers comprehensive and efficient services in the fields of energy generation and marketing as well as energy optimisation. Alpiq has been generating climate-friendly and sustainable electricity from carbon-free Swiss hydropower for more than 100 years. The power plant portfolio also comprises shares in two Swiss nuclear power plants as well as flexible thermal power plants, wind farms and photovoltaic facilities in Europe. The Alpiq Group has around 1,200 employees and is headquartered in Lausanne. Alpiq Holding Ltd. is a private stock corporation in majority private ownership. It is fully controlled by the three shareholder groups of Schweizer Kraftwerksbeteiligungs-AG (SKBAG), the Consortium of Swiss Minority Shareholders (KSM) and EOS Holding SA (EOS).