German H2 technology in the far north
Planned P2X Solutions site in Finland, © P2X Solutions
For this Scandinavian country, the natural foundation for a hydrogen economy, compared to many others in Central Europe, is rather good. Finland has sufficient renewable energy resources, an enormous amount of water sources at its disposal and competitive electricity prices. Of the electricity generated from renewables in 2021, the highest share in Finland was nuclear at 35.6%, but hydro with 22.5% constituted nearly one quarter. Wind with 12.5% was the third most significant renewable electricity source. Biomass closely followed with 10.3%. All this accompanied by an intensely developed and reliable energy transmission network and the technological and digital expertise to make power generation in Finland extremely efficient and low cost. (more…)
