FINLAND AND
THE HYDROGEN ECONOMY

A joint report by five leading Finnish companies argues that it is time for Finland to start a serious conversation about what hydrogen could mean for Finland’s climate targets, energy system, and industries.

What does hydrogen mean for Finland? Could Finland become a global producer and exporter of hydrogen or hydrogen-derived synthetic fuels? Could Finnish industries use hydrogen to cut their carbon emissions? Can hydrogen help Finland store and transport energy produced by wind?

Fortum, Gasum, Toyota Auto Finland Oy, UPM Energy, and Wärtsilä have come together to discuss the opportunities and constraints of the new hydrogen ecosystem for Finland in the joint report Finland and the Hydrogen Economy. The report has been produced by Nordic West Office.

The report explains the basics of hydrogen, shares a vision of what hydrogen could mean for Finland, proposes next steps for Finland, and shows what other countries are already doing. 

According to the report, hydrogen can offer Finland tremendous opportunities in both curbing its carbon emissions and creating whole new industries, exports, and high-skilled jobs. However, as challenges remain, it is vital to consider carefully what the most efficient uses of hydrogen are, and what types of investments should be prioritized.

Countries around the world are preparing their own hydrogen strategies. It is time for Finland, too, to start a serious conversation about what hydrogen could mean for Finland’s climate targets, energy system, and industries.

This report was published in November 2020.

Contact:
Anu Partanen
anu.partanen at nordicwestoffice.com
+358 44 750 0089