Deals Counterparts

Fingrid and Gasgrid Finland establish joint venture for hydrogen transmission network development

Joint Venture Hydrogen announced Finland May 29, 2024
development
Stage

Fingrid and Gasgrid Finland have established a joint venture company, VetyVerkko Oy, to plan and develop a hydrogen transmission network in Finland. The joint venture will focus on creating the technical preconditions for a hydrogen economy.

Source Intelligence

KEY DETAILS

Fingrid is Finland’s transmission system operator responsible for the transmission of electricity in the main grid. Gasgrid is the Finnish gas transmission system operator with system responsibility and operates the Inko LNG terminal. Gasgrid is mandated by the Finnish government to develop the national hydrogen infrastructure and to engage in cross-border infrastructure cooperation. Gasgrid is a state-owned company and the Finnish state has a majority shareholding in Fingrid.

Location
Finland’s energy system
Announcement
February 27, 2025
PARTIES MENTIONED IN SOURCE
F
Fingrid developer

"Fingrid and Gasgrid cooperate to strengthen Finland’s energy system"

G
Gasgrid developer

"Fingrid and Gasgrid cooperate to strengthen Finland’s energy system"

high quality Enriched Feb 19, 2026

Timeline

Announced
May 29, 2024
Signed
Closed

Market Context

This deal is part of the Hydrogen sector in Finland.
110
Hydrogen deals
47
deals in Finland
1 of 110 Hydrogen deals tracked this month · Updated daily

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