Nordic Ren-Gas Wins in the First EU Hydrogen Auction with EUR 45 million Bid

Nordic Ren-Gas Lahti plant has been among selected winners with a EUR 45 million subsidy grant through the European Hydrogen Bank’s first competitive bidding process. This significant financial support will enable Nordic Ren-Gas to scale up its renewable e-methane production in Lahti Finland, and to accelerate the development of the decentralized e-methane production network.

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EIB approves Ren-Gas 230 MEUR financing framework to back its renewable e-methane projects in Finland

The European Investment Bank (EIB) approves 230 MEUR framework loan agreement for Nordic Ren-Gas’s (Ren-Gas) advanced renewable e-methane project portfolio. EIB is working together with leading European renewable financing banks to support the growth of Ren-Gas’s well designed green hydrogen and e-methane project portfolio in Finland. The Ren-Gas project portfolio optimizes the benefit of sector integration in the emerging green hydrogen industry which is paving the way for reducing carbon emissions and enhancing energy security in Europe.

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Gasum plans to purchase up to 800 GWh e-methane per year from Nordic Ren-Gas’s next two Power-to-Gas plants

Gasum and Nordic-Ren Gas continue their co-operation to develop the e-methane market by negotiating a gas offtake agreement on the next two Power-to-Gas plants Nordic Ren-Gas is developing. These two plants will be connected to the existing gas grid infrastructure. The e-methane is made with renewable electricity and biogenic carbon dioxide and can substantially reduce emissions in transport and industry.

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