Posts Tagged ‘Finland’
Finland holds steady on attracting foreign investment
While foreign direct investment flows across Europe dropped in 2024, Finland held its line in attracting international companies. Sustainability took center stage, with investments driving cleaner solutions for energy, manufacturing and recycling. AI and imaging were in the mix too.
According to Invest in Finland’s monitoring service, foreign companies established or acquired 231 new entities in Finland during 2024 – a decrease of just 6% from the previous year. Over the same period, foreign-owned companies already operating in Finland made 130 follow-up investments.
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Originally published on 14 Apr
Read MoreEnergiequelle plans a green hydrogen park in Oulu
The European renewable energy group Energiequelle has reserved a site for a new hydrogen project to produce hydrogen in Oulu, northern Finland. When all three stages of project are fully completed, the plant could produce hydrogen by electrolysis with a capacity of over 500 megawatt (MW). The hydrogen plant would be commissioned in three phases between 2028 and 2033.
The first phase of the project would involve the construction of a hydrogen production plant of maximum 5 MW and a hydrogen refuelling station for buses and other heavy-duty vehicles. In the next phase, the capacity of the hydrogen production plant would be increased to 10-50 MW and hydrogen exports via the planned hydrogen pipeline and the port of Oulu could be an option, if the needed infrastructure is available. In the third phase, production would be further increased to an additional capacity of 100-500 MW. The schedule and full size of the project is highly depending on the market situation and the infrastructure available in the selected new greenfield site.
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Originally published on 10 Apr
Read MoreABO Energy explores hydrogen and synthetic fuel production in Oulu
The German ABO Energy group has been granted a planning reservation to build a hydrogen production plant in Oulu in northern Finland. In the preliminary plan, the new hydrogen plant would have an electrolyser with a maximum capacity of 600 MW. Implementation would take place in 2-3 phases.
In addition to hydrogen production, the company is exploring the possibility of producing methanol and sustainable aviation fuel (E-SAF) in Oulu. The feasibility of synthetic fuel production depends on the availability of biogenic carbon dioxide. ABO Energy would offer the waste heat generated for use as district heating in the Oulu region.
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Originally published on 9 Apr
Read MoreThree new hydrogen plants planned for Oulu
The City of Oulu has been preparing to reserve land for three new hydrogen production and processing plants. The City’s aim is to actively promote green transition investments in its area. Advancing the planning of three new hydrogen plants will support the growth of hydrogen economy and the development of Oulu’s local hydrogen infrastructure.
The planning reservations for the Pyyryväinen site will be discussed by the City of Oulu Urban Environment Committee at its meeting on 8 April 2025. The site is a virtually undeveloped, large-scale industrial area of up to 800 hectares less than 10 kilometres from the centre of Oulu, next to the Välikylä industrial district. The area required by businesses ranges from 15 hectares to 41 hectares.
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Originally published on 3 Apr
Read MoreAMPlify – Accelerated US Market Entry for Finnish Healthcare Companies
AMPlify is an established platform designed to advance Finnish healthcare companies’ US market readiness and entry. Expanding upon the successful Nordic AMPlify and Gazelle programs, AMPlify is a complete ecosystem that brings Finnish companies and Mayo Clinic together.
With the US accounting for 40% of the global healthcare market and over 30% of new technologies emerging from collaborations with international partners, American health systems are evolving their innovation hubs into global co-development initiatives. AMPlify is leading this transition, and Mayo Clinic has picked Finland as a strategy focus area.
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Originally published on 2 Apr
Read MoreBoldyn Networks and Ascom collaborate to maximise digitalisation at Oulu University Hospital
Boldyn Networks (Boldyn) and Ascom have joined forces to enhance digitalisation at Oulu University Hospital (OYS) by boosting 300 Ascom Myco 4 devices for the use of hospital staff, enabled by Boldyn’s private 5G Standalone(SA) network. This is part of the Hola Oulu project where consortium members Pohde, Oulu University Hospital (OYS), University of Oulu, and WICOAR Technologies Oy are revolutionising patient care by implementing advanced, secure, high-capacity connectivity within the hospital environment.
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Originally published on 24 Mar
Read MoreMarkus Helavuori named deputy head of CBSS secretariat
Markus Helavuori has been appointed deputy director general of the CBSS Secretariat.
He has 20 years of experience in policy and regulation at national and international levels. He has been with Helcom since 2018, and is currently the deputy executive-secretary and professional secretary, responsible for matters related to sea-based activities.
In addition working for the IMO, Markus help positions in the Finnish administration for more than seven years, contributing to legislative and policy development and representing Helsinki in international negotiations within the IMO, the EU and Helcom.
Markus holds a master’s degree in environmental and marine biology from Åbo Akademi University.
Marcus begins his new position on 1 April.
Connect with Markus on LinkedIn
Read MoreINVL Baltic Sea Growth Fund has completed the sale of InMedica Group to Finnish Mehiläinen
INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, together with the other shareholders, have completed the sale of InMedica Group, Lithuania’s largest private healthcare network, to Mehiläinen, Finnish largest social and healthcare provider with fast growing international presence
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Originally published on 6 Mar
Read MoreFourth Edition of the World´s Biggest Virtual Company Visit focuses on circular economy
For the fourth time, Työn Taitajat (Talents for the future programme in the city of Oulu) is organizing the World’s Biggest Virtual Company Visit in collaboration with companies promoting the circular economy in Oulu, along with the University of Oulu, Oulu University of Applied Sciences, and Educational consortium OSAO. The event is also supported by the Oulu Circular Economy Cluster, Oulu Innovation Alliance, International House Oulu, and Taikasatukulma.
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Originally published on 4 Mar
Read MoreFinland, Denmark move closer on defence, hybrid-threat response
Helsinki and Copenhagen are prepared to pool more of their resources in response to an increasingly tense situation in the Baltic Sea region, members of the cabinet from the two countries said today.
Already allied militarily through Nato and Nordefco, a Nordic defence alliance, the two countries’ defence ministers called for a deeper partnership in the Baltic and Nordic regions to deter Russian agression. Both countries make use of the F-35 fighter jet, and one proposal put forth was the Danish purchase of a refuelling plane that could service all of the Nordic countries.
Shared concern about hybrid attacks, including against computer systems in the two countries and undersea infrastructure in the Baltic, also requires authorities in both countries to be in lock step, according to a statement issued by the Finnish interior ministry and the Danish civil-defence ministry.
Today’s announcement comes as the European Commission, the EU’s executive arm, is preparing to publish its own union-wide strategies for civil defence, internal security and defence. All three issues were added to Brussels’ remit earlier this year.
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