Finland as a hot spot to develop Green Hydrogen
Most likely you are not going to the Hydrogen Summit & Expo in Tampere (Finland) but you should know why Finland is such an interesting place to produce hydrogen, and more importantly, the derivatives of hydrogen.
Green hydrogen is a renewable technology, and therefore it is very important to be clear that it fits within the major energy transformation that we are carrying out to fight climate change and, in doing so, to make the world a much better place. This is because renewable energies democratize access to energy.
I have told you many times here where and why we need hydrogen, and how a less “hooligan-like” view of electrification (because there are hooligans everywhere) can help us abandon fossil fuels more quickly. That said, let’s focus on starting to produce green H₂.
Above all, green hydrogen requires access to cheap and abundant renewable electricity, and Finland ended 2025 as one of the cheapest countries in Europe in terms of electricity prices (€40/MWh), with an increasingly decarbonized power generation mix.
This makes it possible to break one of hydrogen’s most important barriers: production cost. As can be seen in this chart, an electricity price of €40/MWh allows hydrogen cost values (LCOH) that are very close to parity with fossil-based hydrogen. To achieve this, the other parameters also need to be adjusted.
We must work to ensure that the CAPEX and OPEX of hydrogen plants are as low as possible, setting targets of €1,000/kW and 40 kWh/kg as plausible and realistic objectives by the end of the decade. Moreover, we can aim even further (€500/kW and 37 kWh/kg). How can we do this? With SOECs!
As you can see in this chart, the potential of SOECs is so great that it allows us to produce hydrogen even under much more adverse conditions, namely with more expensive electricity, around €60/MWh which is probably far more achievable for many more projects.
All of this is a major solution to increase our energy independence and therefore our security, since with our own solar panels, wind turbines, and batteries we will be able to produce products that are essential to everyday life such as fertilizers, steel, and chemicals.