Electrolysis is a chemical reaction in which hydrogen is separated from water by an electric current. Part of the green hydrogen will be further refined using Power-to-X-technology and combined with carbon dioxide captured from industrial plants be used to produce emission-free synthetic biofuels. Combining hydrogen with carbon dioxide makes it possible to replace fossil fuels in almost any industry. The electrolyzer plant plays an important role towards an emission-free Finnish welfare society.
The investment for the first pilot plant is around 50 million euros. With the chosen plant size, we will reach substantial cost benefits. When the first industrial sized electrolyzer plant has been demonstrated, the plan is to further the Finnish hydrogen economy by constructing more plants and possibly even replicate the project in other European countries.
This project needs substantial support to be commercially feasible, and our company will seek for investment support both from the European Commission as well as from national support sources.