🇫🇮 ABO Energy plans hydrogen plant in Nivala
ABO Energy plans hydrogen plant in Nivala
ABO Energy, which has been implementing renewable energy projects in Finland for more than 10 years, plans a hydrogen production plant that would produce up to 30 000 tonnes of hydrogen per year, according to preliminary estimates. The electrolysis plant would have a capacity of 200 megawatts. Green electricity production would take place in wind farms developed by ABO Energy across Finland. Hydrogen production will be targeted for further processing, domestic use and possible export. The plant, if completed, would be connected to the planned Gasgrid national hydrogen network.
The project was launched when ABO Energy and the City of Nivala signed a reservation agreement for a 20-hectare planning area in the Kurunpuhto industrial area. The planned hydrogen production plant could be operational by 2030 at the earliest. Once operational, the hydrogen production plant would employ 50 to 80 people.
The combined investment of the hydrogen plant and the wind farms producing green electricity to meet its needs would be up to € 1 billion.
“Green hydrogen is part of the solution to make Finland the most attractive country in Europe for industrial investment and create growth. It’s great to be able to share news like this,” says Aapo Koivuniemi, CEO of ABO Energy.
Green hydrogen production balances the electricity market
Renewable energy production will increase in Finland over the coming decade. This has created a need for green electricity to attract local consumption investments that will bring prosperity and growth. Wind power became Finland’s second largest form of electricity generation last year and has changed the electricity market as the price of electricity varies according to wind speed.
“The green hydrogen plant is an example of turning a challenge into an opportunity. A properly sized plant can actually benefit from fluctuations in electricity prices,” says Koivuniemi.
At the same time, a plant capable of flexible production would balance out the price fluctuations in the electricity market. In this way, Koivuniemi says, the renewable energy company is also helping to solve the challenge posed by extreme weather-dependent generation.
The Kurunpuhto hydrogen project is ABO Energy’s first hydrogen project in Finland. Internationally, the company has extensive expertise and engineering know-how in hydrogen project development. In Germany, the group’s first project to reach construction stage, the Hünfeld-Michelsrombach hydrogen refuelling station, is currently being finalised.
* Kurunpuhto green hydrogen production plant project, Nivala
Preliminary estimates
- Size of project area: ~20 ha
- Plant size: 200 MW
- Green electricity production: nine wind farms under planning by ABO Energy in different parts of Finland with a maximum production capacity of 400 MW
- Hydrogen production: up to 30 000 tonnes per year
- Permanent employment impact of the plant: 50 to 80 employees
- Total value of investment: up to € 1 billion
Originally published on 12 March by BotH2nia.
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