Plug bets on Finland with $6bn green project
US electrolyser manufacturer forms consortium to deploy 2.2GW of capacity in Nordic country to supply European markets and domestic green steel production
US electrolyser manufacturer Plug Power has set out plans to deploy 2.2GW of electrolyser capacity across three sites in Finland with an investment of around $6bn in one of Europe’s largest green hydrogen supply projects. The move comes amid growing interest in Finland as a strategic location for green hydrogen production due to its access to affordable renewable and nuclear power, and the country’s push to develop both domestic and export pipeline infrastructure. “Finland’s abundant decarbonised and growing renewable energy sources makes it the most strategic location,” says Benjamin Haycraft, executive vice-president Emea region at Plug, which is based in New York. “Finland’s abundan
Also in this section
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise






