Oulu Green Hydrogen Park

Energiequelle’s Oulu Green Hydrogen Park is a planned renewable-powered facility in northern Finland. It will produce green hydrogen through a phased rollout, starting with a 5 MW electrolyser and heavy vehicle refueling station. Future phases will scale capacity to 500 MW. As part of a broader 1500 MW hydrogen hub in Oulu, the project supports clean energy goals and positions Finland for hydrogen export leadership.

Link to website

LEAD DEVELOPER

Energiequelle

PROJECT PARTNERS

• For Phase One of the project, which focuses on a hydrogen refuelling station, we are looking to partner with a party that can help develop the refuelling infrastructure. Our role will concentrate on the production of RFNBO-certified hydrogen.

• For Phases Two and Three, we are currently exploring options for producing raw hydrogen and supplying it to another chemical plant. This plant would then produce a clean RFNBO-certified derivative, such as e-methanol or e-ammonia, leveraging the abundan

MAIN POLITICAL SPONSORS

Business Oulu, City of Oulu, Gasgrid Oy, Energiequelle GmbH

MAIN LOCATION

Finland

OTHER LOCATIONS

Project details

H2 PRODUCTION VOLUME

[T/year]:

71,600

INVESTMENT VOLUME

[M€]:

850.00

FUNDING

VALUE CHAIN COVERAGE

PRIMARY ENERGY SOURCING

Electricity from solar PV
Electricity from onshore wind
Hydropower

H2 PRODUCTION

H2 STORAGE

H2 TRANSPORT

Pipeline - Compressed H2
Trucking - Compressed H2
Trucking - Liquid H2
Trucking - Methanol
Trucking - Ammonia
Ship - Compressed H2
Ship - Liquid H2
Ship - Methanol
Ship - Ammonia

H2 DISTRIBUTION FOR MOBILITY

HRS 350 bar

END USES

MOBILITY

Buses
Trucks
Forklifts
Trains
Ships

ENERGY

Other

INDUSTRIAL FEEDSTOCK

Supply to chemical industry (e.g. fertilizer production)
Supply to refineries
Supply to steel industry
Supply to other industries

Project timeline

CURRENT STATUS:

Feasibility study ongoing

2014

2024

Start of project development

2035

Project finalization

2035

KEY SUCCESS FACTORS

PROJECT DEVELOPMENT PHASE

Business model/business case development
Technological readiness/technological performance (e.g. availability, efficiency, duration/lifetime)
Regulatory provisions
Permitting and authorization procedures
Political backing and buy-in
Funding
Local public acceptance
Project's business case
Stakeholder cooperation

COMMERCIAL AND FINANCING PHASE

Applying for public subsidy/grant schemes
Securing private investors
Securing public financial support (subsidy/grant)
Building a financial model
Preparing documentation for a due diligence process
Putting a de-risking framework in place
Securing customer commitments to de-risk the financial model

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