P2X Solutions has secured a five-year power purchase agreement (PPA) with Fortum to source renewable energy from the utility’s Finnish portfolio for its 20MW green hydrogen project in Harjavalta.
H2 View understands that hydrogen production at Harjavalta has already begun after Sunfire installed a 20MW electrolysis plant at the facility last February. However, the Finnish hydrogen producer has said it’s “still ramping up production.”
Read more: 20MW Sunfire electrolysis plant installed in Finland
The PPA signed between P2X and Fortum is structured to align with the EU’s Renewable Fuels of Non-Biological Origin (RFNBO) regulations, which set requirements for matching renewable energy production and consumption in green hydrogen production.
Furthermore, the PPA is set to expire in 2029, when the monthly matching basis ends in Europe and requirements transition to hourly matching.
By locking in renewable power under this five-year agreement, P2X Solutions ensures that its green hydrogen production plant in Finland is compliant with current EU regulations while preparing for the change to hourly matching in the future.
“Our investment in Harjavalta opens to Finnish green hydrogen market and is a step towards a carbon-neutral welfare society,” stated Herkko Plit, CEO of P2X Solutions.
“By leveraging Fortum’s renewable energy, we are able to provide our clients with the green hydrogen needed to transition to cleaner production methods.”
In 2023, P2X announced it would deliver green hydrogen to Danisco Sweeteners from its Harjavalta plant, to be used in xylitol production – a sweetener in food and beverages.
Read more:P2X Solutions agrees to deliver green hydrogen to Danisco Sweeteners
