A national hydrogen network to be established in Finland
A national hydrogen network will be established in Finland. On Wednesday 22 June, the Ministerial Committee on Economic Policy supported expanding the group-level mandate of the wholly state-owned Gasgrid Finland Oy to include hydrogen transmission infrastructure and the development of a related hydrogen market in Finland.
Gasgrid Finland Oy has been responsible for ensuring gas transmission in Finland and for securing smooth operation of the gas system without disruption under all circumstances. In future, the company’s strategic interest will include developing the transmission of hydrogen and its gaseous derivatives and hydrogen transmission infrastructure as well as safeguarding their smooth and disruption-free operation.
A subsidiary, VetyVerkko Oy, will be founded by Gasgrid for this purpose, capitalised through its current financing arrangements and cash flow from its business operations. If necessary, the State may recapitalise the company if new projects prove significant for scaling up the hydrogen economy.
