P2X Solutions and Fortum have signed a 5-yr Power Purchase Agreement (PPA). The agreement enables P2X Solutions to produce green H₂ according to strict EU criteria at its Harjavalta site in south-western Finland, which is currently ramping up its production. The power will be sourced from Fortum’s renewable energy portfolio in Finland, and the agreement includes the corresponding Guarantee of Origins. The contract term runs until the end of 2029.

EU regulations for renewable H₂ (RFNBO) mandate that renewable energy production and consumption for green H₂ must be matched on a monthly basis until 2029, after which the matching will be required on an hourly basis. The agreement covers the initial power needs by P2X Solutions’ green H₂ production plant. With this agreement, green H₂ production in line with RFNBO regulation, will start in Finland.

“At Fortum, our strategic priority is to support our clients in their journey towards decarbonization. The agreement with P2X Solutions exemplifies the power of collaboration in overcoming these challenges. Coordinating the physical delivery of renewable energy from specific power plants to designated consumption sites involves aligning multiple systems. We are pleased to support the new plant with the initial volumes of renewable energy,” said Urs Pennanen, Senior Vice President of Corporate Customers at Fortum.

“Our investment in Harjavalta opens the Finnish green H₂ market and is a step towards a carbon-neutral welfare society,” said Herkko Plit, CEO of P2X Solutions. “By leveraging Fortum’s renewable energy, we are able to provide our clients with the green H₂ needed to transition to cleaner production methods. This partnership not only highlights our shared vision for a sustainable future but also demonstrates the critical role of green H₂ in reducing carbon emissions across various industries.”