Finland accelerates hydrogen economy with Gasgrid establishing a hydrogen transmission company.

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, a government press release states.

Gasgrid Finland Oy strategic interest in the future 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.

“Gasgrid’s hydrogen business is an excellent continuation of the Government’s determined energy policy. Hydrogen-based solutions enable us to reduce both emissions and the price of energy. At the same time, we are also improving our energy self-sufficiency. This opening will put Finland at the forefront of the hydrogen economy,” says Minister of Finance Annika Saarikko, who is responsible for Gasgrid’s ownership steering.

The development of the hydrogen economy has been accelerated by the current geopolitical situation and, consequently, the need to reduce dependency on imported energy. Due to the energy crisis, it has become necessary to scale up the development of Finland’s national energy security, energy independence and competitiveness, the Finnish Government writes.