Plug Power, a US-based company engaged in the development of hydrogen fuel cell systems and turnkey solutions for the mobility, material handling and stationary power markets, has announced plans to develop three green hydrogen projects across Finland.
The company will invest $6bn (€5.61bn) to develop the three production plants in Finland and will create around 1,000 direct jobs and 3,000 indirect jobs.
In Kristinestad, Plug Power will develop a 1GW electrolyser plant that will generate green hydrogen for green steel production exported from the Port of Kristinestad.
In Kokkola, the company will generate 85 tonnes (t) per day of liquid green hydrogen and up to 700 kilotonnes of green ammonia per year. The liquid green hydrogen will be produced for local use and for export to western Europe from the Port of Kokkola, and the green ammonia will also be exported.
In Porvoo, the site will produce up to 100t of green hydrogen per day by 2030, which will be used for local mobility and exported to western Europe.
Plug Power was founded in 1997 and is headquartered in New York. It held almost $6bn worth of assets as of the end of 2022.
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