WISE-led MatH2 consortium launched to develop hydrogen storage and transport infrastructure in Finland

Type: Partnership · Technology: Hydrogen · Country: Finland · Announced: 2026-07-06

A consortium including Bumax, EOS, Neste, Nordic Tank, Teknos, SSAB, Wärtsilä, and SP Stainless launched the MatH2 initiative, a multi-sectoral effort to safely and efficiently store and transport clean hydrogen in Finland. Established by WISE, a program led by Finnish technology group Wärtsilä, MatH2 aims to unlock Finland’s full hydrogen potential, estimated at up to €34 billion by 2035. The consortium brings together industry leaders across materials, engineering, and energy to develop infrastructure critical for Finland’s hydrogen economy. The initiative aligns with Finland’s broader goals to scale renewable hydrogen production and utilization, positioning the country as a leader in clean energy innovation.

Analysis

WISE, a program led by Finnish technology group Wärtsilä, has launched the MatH2 consortium, a multi-sectoral effort to develop hydrogen storage and transport infrastructure in Finland, with partners including Bumax, EOS, Neste, Nordic Tank, Teknos, SSAB, Wärtsilä, and SP Stainless. The consortium brings together industry leaders across materials, engineering, and energy, with companies like Neste, the world’s leading producer of sustainable aviation fuel and renewable diesel, and EOS, a London-headquartered renewable energy developer with a 2.5 GW operational and under-development portfolio. The initiative aims to unlock Finland’s full hydrogen potential, estimated at up to €34 billion by 2035. The MatH2 consortium was announced on 2026-07-06, with the value of the partnership not disclosed. The consortium includes SSAB, a Swedish global leader in special and premium steels, and Wärtsilä, a technology company that provides power solutions for the marine and energy markets.

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