Strategic cooperation between Spain and Finland is emerging as a key force in accelerating the energy transition in Europe. Spain, with its vast potential in renewable energy, and Finland, with its expertise in technology and innovation, are joining forces to decarbonize industries, transportation, and power generation, with a clear focus on the efficiency and profitability of green hydrogen.
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Spain is consolidating itself as a global epicenter of green hydrogen, attracting private investment exceeding 21.000 millones de euros in more than 650 projects. The country, which boasts a solid infrastructure and abundant solar and wind resources, projects that 90% of its energy generation will come from renewable sources by 2030, positioning it ideally to lead the way in sustainable hydrogen production.
In this context, Business Finland has proposed a strategic collaboration to integrate cutting-edge Finnish technologies into the Spanish hydrogen value chain. This synergy seeks to optimize production, storage, and distribution, with a long-term economic and environmental impact. Cooperation opportunities include pilot projects, innovation consortia, and joint funding through programs such as Horizon Europe’s most emblematic landmarks, the Green Hydrogen Bank and the EU Innovation Fund.
La Ambassador of Finland to Spain, Sari Rautio, underlines the complementarity of this alliance: "Spain has the resources, Finland has the technology. Industrial collaboration between both countries can turn green hydrogen into a realistic and profitable axis of the European energy transition". This statement highlights the shared vision of using the combined potential of both countries to lead decarbonization.
Key sectors of the Spanish economy, such as petrochemicals, steel, agriculture, and transportation, are already promoting the replacement of gray hydrogen with its green equivalent. A report by Business Finland predicts that this transition could reduce current consumption of polluting hydrogen by 60% by 2026. In addition, the sector is expected to generate around 230.000 jobs direct and indirect in Spain, backed by a strong public investment of 200 million euros and a private investment exceeding 20.000 billion.
The H2Med initiative, an energy corridor that will connect Spain with France, Portugal, Germany and Italy, strengthens the role of the Iberian Peninsula as a hub exporter of clean energy for the rest of Europe.
Finland's technological contribution is crucial and focuses on:
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High-efficiency PEM and SOEC electrolyzers to reduce production costs.
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Underground storage solutions and safe transport through carriers such as ammonia.
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Advanced digital systems that allow real-time control and intelligent demand management.
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Technologies for heavy and rail transport based on high-density fuel cells.
In addition, the experience of Finnish companies such as Danfoss, ABB, Valmet and Elcogen in fields such as power electronics and automation, along with its focus on the circular economy, allows the production of hydrogen from biogas, biomass or wastewater, offering a comprehensive and sustainable model.
