Fortum, a leading energy company, is set to invest in a new hydrogen test facility next to its Loviisa nuclear power plant in Finland. The pilot plant, valued at 17 million euros and funded entirely by Fortum’s research and development funds, will test two different hydrogen production technologies – alkaline and PEM – over the next two years.
Fortum’s P2X business leader, Sipola, describes the pilot plant as an essential first step for the company to explore the business opportunities surrounding hydrogen. The facility will house two electrolyzers that will produce clean hydrogen using both alkaline and PEM technologies. By testing these mature technologies, Fortum aims to gather knowledge on production, operation, and maintenance.
The pilot plant will also include a filling station that will distribute hydrogen to industrial customers. Fortum plans to utilize this facility to collect data and experiences that will inform future investments and strategic decisions regarding hydrogen production. The company’s overall strategy is to research hydrogen technology in small-scale Nordic projects to assess market opportunities and potential roles in the hydrogen value chain.
The investment in the pilot plant may prompt updates to Fortum’s hydrogen strategy post-2028 based on market dynamics and business opportunities. The company is considering its position in the hydrogen value chain and whether it will focus on being a hydrogen producer or a partner in various stages of production. This strategic evaluation may occur earlier than 2028 depending on the evolving market landscape and technological advancements in the hydrogen industry.
Fortum’s investment in this new facility marks a significant milestone towards developing sustainable energy solutions for future generations.
