German-headquartered Energiequelle plans to build a 500MW green hydrogen plant in Oulu, Finland, with its final size dependent on market development and infrastructure availability.
The European renewable energy group said it was reserving a site in Oulu to develop the facility which would be built in three stages between 2028 and 2033. However, it has warned that a lack of market development and infrastructure could slow and slim down the project.
Under phase one, just 5MW of green hydrogen production capacity would be installed alongside a refuelling station for buses and heavy-duty vehicles.
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