P2X Solutions
P2X Solutions is a Finnish producer of green hydrogen and Power-to-X synthetic fuels, operating Finland's first industrial-scale 20 MW green hydrogen and e-methane plant in Harjavalta and supplying certified renewable hydrogen to industrial, mobility, and aviation off-takers. The company is majority owned by Swiss utility Alpiq.
- Company typePrivate
- Founded2020
- HeadquartersHelsinki, Finland
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What P2X Solutions does
P2X Solutions Oy is a Finnish producer of green hydrogen and a vertically integrated Power-to-X (P2X) platform company founded in 2020 and headquartered in Espoo, Finland. Its operating core is the Harjavalta green hydrogen and synthetic methane production plant, Finland's first industrial-scale facility of its kind, which uses Sunfire alkaline electrolysis technology integrated with a Q Power methanation unit, ABB OPTIMAX energy management, Insta automation, and Hitachi Energy electrical systems to produce certified renewable hydrogen and e-methane. The company began commercial green hydrogen production at Harjavalta in February 2025 and targets 1 GW of total electrolyzer capacity by 2031, with additional plants planned in Joensuu (synthetic methanol, 33,000 t/yr) and Oulu, and announced expansion into eSAF, e-methanol, and e-ammonia derivatives.
The business model combines physical product sales (green hydrogen and synthetic fuels supplied to industrial off-takers via bespoke multi-year B2B contracts), turnkey hydrogen plant delivery leveraging partner EPC and equipment ecosystems (Sweco, Fimpec, Sunfire, ABB, Insta, Hitachi Energy, Q Power), and monetization of regulatory assets through sale of guarantees of origin issued via Gasgrid and ISCC EU RFNBO certification. Customers span mobility (Cefmof Jyväskylä hydrogen buses), aviation (Finavia Helsinki Airport pilot, Liquid Sun eSAF pilot with Finnair/Finavia/Fortum/ABB), food and chemicals (Danisco Sweeteners/IFF Kotka), and energy (Fortum under power and hydrogen sales agreements). The company is majority owned by Swiss energy group Alpiq since April 2024 and has received substantial public co-funding, including a EUR 26 million TEM grant, EUR 60 million Business Finland investment support for Joensuu, and European Commission IPCEI status.
P2X Solutions firmographics
Firmographics- Name
- P2X Solutions
- Legal name
- P2X Solutions Oy
- Website
- https://p2x.fi
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- P2X Solutions is a Finnish producer of green hydrogen and Power-to-X synthetic fuels, operating Finland's first industrial-scale 20 MW green hydrogen and e-methane plant in Harjavalta and supplying certified renewable hydrogen to industrial, mobility, and aviation off-takers. The company is majority owned by Swiss utility Alpiq.
- Ownership category
- akta.pro rank
P2X Solutions industry classification
Industry- Product category
- Green Hydrogen Production
- NAICS
- Industrial Gas Manufacturing (32512), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)
- akta.pro primary industry
- Power-to-Gas (P2G) / Electrolysis Integration & Operations (EUAJAJAH)
- akta.pro secondary industries
- Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC), Hydrogen CHP (Fuel Cell & H2-Ready Turbines) (EUACAKAF), Hydrogen (Industrial & Mobility) (IMAEACAB)
Keywords
Where P2X Solutions is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices4 records
Markets served
P2X Solutions business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Sale of green hydrogen (RFNBO-certified): Direct sale of green hydrogen produced at Harjavalta to industrial off-takers (e.g., Cefmof hydrogen refueling station in Jyväskylä, Finavia for Helsinki Airport pilot, Liquid Sun eSAF pilot, Danisco Sweeteners/IFF for Kotka). Sold as physical product with attached guarantees of origin.
- Sale of synthetic methane (e-methane) and synthetic methanol (planned): Sale of synthetic methane from Harjavalta methanation unit; planned 33,000 t/yr synthetic methanol plant in Joensuu (using biogenic CO2 from Savon Voima) targeted at maritime and aviation customers.
- Turnkey hydrogen plant delivery: Customer-oriented, turnkey EPC-style delivery of hydrogen plants, leveraging in-house design capability plus partners (Sweco design, Fimpec consulting/procurement, Insta automation, ABB energy management, Sunfire electrolysis, Q Power methanation).
- Green hydrogen and renewable-electricity offtake / resale: Signed a sales agreement with Fortum (June 2025) under which P2X purchases hydrogen from Fortum's Kalla 2 MW test plant and distributes to its own customers; also a 5-year renewable electricity supply agreement with Fortum (Jan 2025) to ensure EU RFNBO compliance for Harjavalta.
- Sale of guarantees of origin for renewable hydrogen: Registered with Gasgrid's gas guarantee of origin system in Dec 2024 and issued Finland's first guarantees of origin for green hydrogen in Oct 2025; GO sales provide additional monetization on top of physical hydrogen.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based B2B supply of green hydrogen, e-methane and (planned) e-methanol, with bespoke multi-year supply contracts. |
| One time/ perpetual license | Multi-year contract | Turnkey hydrogen plant delivery priced per project scope. |
Go-to-market motion4 records
P2X Solutions product offering
Product offeringCore offering
P2X Solutions produces, distributes and sells green hydrogen and synthetic fuels (e-methane, e-methanol, e-ammonia, eSAF) using a Power-to-X platform that combines water electrolysis with renewable electricity and downstream synthesis. It operates Finland's first industrial-scale 20 MW green hydrogen and synthetic methane plant in Harjavalta, plans additional plants in Joensuu (33,000 t/yr e-methanol) and Oulu, and delivers hydrogen plants to customers on a turnkey basis leveraging partners such as Sunfire, Q Power, ABB, Insta, Hitachi Energy, Sweco and Fimpec.
Product overview
P2X Solutions operates a vertically integrated green hydrogen and Power-to-X (P2X) product portfolio. At its core is the Harjavalta Green Hydrogen and Synthetic Methane Production Plant — Finland's first industrial-scale facility of its kind, anchored on Sunfire alkaline electrolyzers and a Q Power methanation unit. Building on the experience from Harjavalta, P2X Solutions is expanding with the planned Joensuu Synthetic Methanol Production Plant (33,000 tonnes/year) and the Oulu Green Hydrogen Production Plant. The company also delivers hydrogen plants on a turnkey basis to customers, distributes green hydrogen (including ISCC EU RFNBO-certified volumes with Gasgrid guarantees of origin) to industrial and mobility customers, and supplies the Järvenpää and Jyväskylä hydrogen refueling stations. P2X Solutions additionally supplies green hydrogen to pilot programs such as the Helsinki Airport Finavia pilot and Finland's first eSAF (synthetic aviation fuel) pilot with Liquid Sun. The company targets 1 GW of hydrogen production capacity over the next decade.
Differentiator
Problem solved
Functional benefit
Products and services
- Harjavalta Green Hydrogen and Synthetic Methane Production Plant Finland's first industrial-scale 20 MW green hydrogen production plant in Harjavalta, co-located with the Harjavalta industrial park and using Sunfire alkaline electrolysers plus a Q Power methanation unit to produce ISCC EU RFNBO-certified green hydrogen and synthetic methane for industrial, mobility and energy customers.
- Joensuu Synthetic Methanol Production Plant
Quantifiable outcome
- Reduces Finland's CO2 emissions by approximately 40,000 tonnes per year via the Harjavalta plant.
- +4 more outcomes
Companies that use P2X Solutions
Customer profileNamed customers7 records
P2X Solutions technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature6 records
P2X Solutions partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered core logistics partner, strategic aviation partner, core innovation partner, flagship commercial partner, flagship mobility partner, core infrastructure partner, core technology partner, strategic (planned site), major industrial offtaker, minor, core automation partner, flagship regulator, flagship co-location partner, flagship technology partner, core engineering partner, core consulting partner and core electrical systems partner.
- UMOE Advanced Composites (UAC, Norway)core logistics partnerNorwegian supplier of composite pressure vessels UMOE Advanced Composites received a follow-on order from P2X Solutions for three 45-foot high-cube Multi-Element Gas Containers (MEGCs) for the Power-to-X hydrogen project in Finland. Follows UAC's 2025 delivery of 12 hydrogen MEGCs and two e-methane MEGCs to P2X Solutions. The MEGCs transport hydrogen from Harjavalta to industrial customers.
- Finavia (Helsinki Airport) - EU Interreg Baltic Sea Region HyAirport programstrategic aviation partnerFinavia pilot project (Jan 2026) using green hydrogen to power a hydrogen-fueled airport maintenance vehicle (sweeper blower / snow plough) at Helsinki Airport. The pilot is part of the EU-funded Interreg Baltic Sea Region HyAirport program. P2X Solutions is the hydrogen supplier.
- Liquid Sun (eSAF pilot consortium)core innovation partnerFinland's first synthetic kerosene (eSAF) production pilot led by technology company Liquid Sun, with P2X Solutions supplying green hydrogen. Other consortium partners: Finnair, Finavia, Fortum, ABB. Pilot aims to enable zero-emission aviation using hydrogen and biogenic CO2.
- Fortum Oyjflagship commercial partner5-year renewable electricity sales agreement (Jan 2025) with Fortum to ensure Harjavalta's compliance with EU RFNBO requirements. In June 2025, signed a separate sales agreement under which P2X purchases hydrogen from Fortum's 2 MW Kalla test center and resells to its customers. Fortum is also a partner in the Liquid Sun eSAF pilot.
- Central Finland Mobility Foundation (Cefmof) and Cefmof Hydrogen Oyflagship mobility partnerCefmof coordinates the Jyväskylä hydrogen bus and refueling station pilot and procures the CaetanoBus hydrogen buses. Cefmof Hydrogen Oy (wholly owned subsidiary) operates the refueling station. P2X Solutions has been delivering green hydrogen to the Jyväskylä refueling station since summer 2025. Other project partners include bus operator Koiviston Auto Jyväskylä and Linkki (regional public transport authority).
- Gasgrid Finland Oycore infrastructure partnerFinnish gas transmission company Gasgrid acts as the administrator of the national gas guarantee of origin register and issuer of guarantees of origin. P2X Solutions registered with Gasgrid's GO system in December 2024 and received Finland's first guarantees of origin for green hydrogen in October 2025.
- ABB (Ability OPTIMAX)core technology partnerP2X selected ABB Ability OPTIMAX energy management system for Finland's first industrial-scale green hydrogen and synthetic methane production plant in Harjavalta (Oct 2024). Used for production planning and optimization of the plant.
- Oulun Energiastrategic (planned site)Oulun Energia is planning construction of a hydrogen production plant in Oulu as part of its carbon neutrality roadmap. P2X is involved as the industrial-scale partner.
- Danisco Sweeteners Oy (part of IFF - International Flavors & Fragrances)major industrial offtakerSigned green hydrogen supply agreement (Nov 2023) under which Danisco Sweeteners' Kotka plant will be supplied with green hydrogen from P2X Solutions.
- Vesi-Lammela Oy (Eura, Finland)minorLocal contractor Vesi-Lammela signed a contract to deliver HVAC, electrical and building automation works for the Harjavalta plant.
- Insta (Finland)core automation partnerTechnology company Insta signed an agreement to deliver the automation system and the production and distribution data management system for the Harjavalta green hydrogen and synthetic methane production plant.
- Ruoppaus P. Suominen Oy (Nakkila, Finland)minorLocal Nakkila-based construction firm Ruoppaus P. Suominen signed a contracting agreement to build the Harjavalta green hydrogen production plant site.
- European Commission (IPCEI Hydrogen)flagship regulatorEuropean Commission granted IPCEI (Important Project of Common European Interest) status to P2X Solutions' green hydrogen and synthetic methane production plant project, placing it on the list of important pan-European IPCEI hydrogen projects.
- Q Power (Finland)core technology partnerDomestic Finnish technology supplier Q Power signed an agreement with P2X Solutions to design, manufacture and deliver the first industrial-scale renewable synthetic methane production unit in Finland, to be co-located with the Harjavalta hydrogen plant. Delivery and commissioning scheduled for 2024.
- Savon Voima Oyjflagship co-location partnerRegional energy company Savon Voima and P2X Solutions are jointly studying and developing a 30-50 MW green hydrogen and e-fuel production facility at Savon Voima's Joensuu power plant site. The Joensuu synthetic methanol plant (33,000 t/yr) will use biogenic CO2 captured from Savon Voima's power plant. The plant received Business Finland EUR 60M investment support (Feb 2025) and environmental permit (legally binding Jan 2026); FEED by Sunfire began Oct 2025.
- Sunfire (Germany)flagship technology partnerSunfire supplies alkaline electrolysis equipment for the Harjavalta plant (electrolyser delivery agreement signed March 2022; first electrolysers arrived on site Aug 2023). P2X and Sunfire expanded their partnership in October 2025 with Sunfire performing the FEED (Front-End Engineering Design) for a 40 MW hydrogen project in Joensuu. The Joensuu hydrogen plant was inaugurated in November 2025.
- Sweco (Finland)core engineering partnerSweco was P2X's partner in the Harjavalta front-end engineering design (May 2021) and then signed a framework agreement for plant design and a project agreement for the Harjavalta plant (Feb 2022), continuing as plant designer.
- Fimpeccore consulting partnerFimpec signed a framework agreement with P2X Solutions for project consulting and procurement services for the Harjavalta plant and future P2X plant projects (Feb 2022).
- Hitachi Energy (formerly Hitachi ABB Power Grids)core electrical systems partnerHitachi ABB Power Grids signed an MoU in April 2021 to be P2X's partner for the design, implementation and commissioning of the 20 MW Harjavalta plant's electrical system, including substation, MV distribution, transformers, rectifiers, power quality optimization and control/protection. Hitachi Energy has delivered the main electrical system for the Harjavalta plant and in March 2026 signed a research collaboration with the University of Vaasa (HEROES / OEPCES) on transformer efficiency and heat recovery for hydrogen production.
Scale indicators14 records
Recent moves9 records
Expansion highlights7 records
P2X Solutions competitors and assessment
Company assessmentEmerging players
- Sunfire: German alkaline and SOEC electrolyser manufacturer supplying Harjavalta and Joensuu. P2X is both a customer and a co-developer on the Joensuu 40 MW FEED. Comparable as a core European green hydrogen technology platform.
- ITM Power: UK PEM electrolyser manufacturer and project developer with EU pipeline. Comparable as a publicly listed pure-play green hydrogen equipment and project company operating in a similar regulatory and offtake environment.
- Plug Power: US hydrogen fuel cell and electrolyser company expanding into European green hydrogen production. Comparable as a multi-product green hydrogen / fuel cell platform targeting industrial and mobility end-markets.
Broad incumbents
- Nel ASA: Norwegian electrolyser and hydrogen fueling station company. Comparable as a publicly listed European green hydrogen equipment + project developer with broader geographic reach than P2X.
- Fortum: Finnish utility with green hydrogen pilots (Kalla test plant, 2 MW) and a multi-year renewable PPA with P2X. Comparable as both a commercial partner (electricity supply, hydrogen offtake) and a strategic competitor in Nordic hydrogen.
- Neste: Finnish refining major scaling renewable fuels and eSAF. P2X's CCO Andreas Teir came from Neste and several engineers share this pedigree. Comparable as a Finnish renewable fuels platform competing for the same aviation and industrial customers.
- Linde: Global industrial gases major with large-scale green hydrogen projects (e.g., LEAG JV in Germany, US Gulf Coast). Comparable as the dominant industrial hydrogen incumbent P2X competes with for large offtake customers.
- Air Liquide: Global industrial gases major investing in large-scale electrolyser projects in Europe and the US. Comparable as a well-capitalized incumbent setting the benchmark for green hydrogen offtake pricing and certification.
- Ørsted: Danish offshore wind and green hydrogen developer with several GW of pipeline. Comparable as a strategic offshore-wind-tied green hydrogen platform competing for the same EU regulatory tailwinds and offtake customers.
Direct peers
- Everfuel: Danish green hydrogen producer and distributor building Nordic hydrogen infrastructure. Comparable as a pure-play green hydrogen value-chain player operating across production, distribution, and mobility customers in Northern Europe.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
P2X Solutions social profiles
Digital presenceP2X Solutions compliance and trust
Trust signalCompliance3 records
P2X Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
P2X Solutions leadership team
Management profileNumber of profiles
Profiles30 records
P2X Solutions subsidiaries and ownership
Company hierarchySubsidiaries1 record
P2X Solutions funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
P2X Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about P2X Solutions
What does P2X Solutions do?
P2X Solutions produces, distributes and sells green hydrogen and synthetic fuels (e-methane, e-methanol, e-ammonia, eSAF) using a Power-to-X platform that combines water electrolysis with renewable electricity and downstream synthesis. It operates Finland's first industrial-scale 20 MW green hydrogen and synthetic methane plant in Harjavalta, plans additional plants in Joensuu (33,000 t/yr e-methanol) and Oulu, and delivers hydrogen plants to customers on a turnkey basis leveraging partners such as Sunfire, Q Power, ABB, Insta, Hitachi Energy, Sweco and Fimpec.
Is P2X Solutions a public or private company?
P2X Solutions is a private company. It is classified as corporate owned and is currently operating.
When was P2X Solutions founded?
P2X Solutions was founded in 2020. It employs 11 to 50 people.
Where is P2X Solutions based?
P2X Solutions is headquartered in Helsinki, Finland, in the Europe region.
How does P2X Solutions make money?
Five revenue lines are on record. Sale of green hydrogen (RFNBO-certified) is the primary driver. The others are sale of synthetic methane (e-methane) and synthetic methanol (planned), turnkey hydrogen plant delivery, green hydrogen and renewable-electricity offtake / resale and sale of guarantees of origin for renewable hydrogen.
Who are P2X Solutions's main competitors?
Emerging players on record are Sunfire, ITM Power and Plug Power. Broad incumbents are Nel ASA, Fortum, Neste, Linde, Air Liquide and Ørsted. Everfuel is listed as a direct peer.
Does P2X Solutions have an API?
No public API is recorded for P2X Solutions.
What industry is P2X Solutions in?
P2X Solutions's product category is Green Hydrogen Production. Its primary akta.pro industry code is EUAJAJAH, Power-to-Gas (P2G) / Electrolysis Integration & Operations, with a secondary code of EUABAJAC, Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol). Its NAICS code is 32512 and its SIC code is 4991.