Finance
Poland opens way for green hydrogen supply from Finland in cooperation deal
Published by Global Banking and Finance Review
Posted on January 27, 2026
2 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 27, 2026
2 min readLast updated: January 27, 2026
Poland and Finland have signed a memorandum to cooperate on green hydrogen, involving Orlen and Finnish firms, aiming for energy independence.
WARSAW, Jan 27 (Reuters) - Poland moved a step closer to importing green hydrogen from Finland on Tuesday, signing an agreement that sets up cooperation between state-controlled fuel firm Orlen and three Finnish energy companies.
Poland is seeking to diversify its energy sources and increase economic and political security in the face of the war in Ukraine, as well as to implement a strategy to ensure low-emission fuels.
"This is an important issue concerning energy independence, concerning the development of good technologies," Polish Minister of State Assets Wojciech Balczun said at a signing ceremony.
The cooperation agreement was signed between Orlen and three Finnish companies - ABO Energy Suomi, Nordic Ren-Gas, and VolagHy Kuopio SPV - and concerns the production and supply of green hydrogen.
"The partners will also collaborate on defining the logistical conditions enabling the transport of hydrogen and its derivatives from Finland to the Orlen Group's refineries and chemical plants in Poland," the Polish Ministry of Assets announced in a press release.
Orlen currently has seven operating underground gas storage facilities and plans to expand its hydrogen transmission and storage capacity.
(Reporting by Anna Wlodarczak-Semczuk; Writing by Pawel Florkiewicz, Editing by William Maclean)
Green hydrogen is hydrogen produced using renewable energy sources, such as wind or solar power, through the process of electrolysis, which splits water into hydrogen and oxygen.
Energy independence refers to the ability of a country to meet its energy needs without relying on external sources, enhancing national security and economic stability.
Explore more articles in the Finance category