The project features an electrolyzer capacity of up to 500 MW, capable of generating approximately 60,000 tons of green hydrogen annually. This hydrogen can be converted into over 125,000 tons of e-NG each year. According to TES, the green hydrogen may utilize the Nordic Hydrogen Route developed by Gasgrid Finland, while the e-NG can be liquefied and shipped to meet energy demands in Europe and beyond.
Located on a 20-hectare site in the Iso Järviluoto extension of the Port of Rauma, the facility is designed to aid the decarbonization of sectors like maritime and industrial operations, where direct electrification is challenging. CPC Finland has completed initial permitting steps, and Luoto Energia will proceed with technical planning and further approvals. The project is expected to enter the pre-front-end engineering design phase in 2026, with a final investment decision targeted for 2028. The site benefits from an existing, legally valid zoning plan.
Marco Alverà, Co-founder and CEO of TES, stated: “Launching this landmark project in Finland is a major milestone in the energy transition, enabling us to deliver e-NG to the European market, strengthening its energy independence and accelerating the green transition using existing infrastructure. As a drop-in fuel, e-NG can be used to decarbonise sectors such as steel, shipping, and heavy transport.”
Erik Trast, CEO of CPC Finland, said: “We are excited to have TES as the development partner in the Luoto Energia project in Rauma. This is an optimal partnership with truly complementary skills, where TES possesses the in-house technical and engineering capability, and CPC brings proven experience in permitting and structuring complex infrastructure projects in Finland.”
Janne Virta, Managing Director/CEO of the Port of Rauma, commented: “The planning and permitting processes for the Järviluoto harbor expansion have required significant effort and patience. It is now a pleasure to welcome Luoto Energia to the Järviluoto area. The project’s progress, in cooperation with CPC Finland and TES, has proceeded smoothly, providing a strong foundation to advance into the next phases. Green transition projects offer substantial opportunities for the Rauma economic region, creating jobs and reducing reliance on fossil fuels.”
In related developments, TES is exploring investment opportunities with Advantage Partners, a Japanese private equity fund, for its e-NG projects, including the Wilhelmshaven Green Energy Hub. Additionally, TES has collaborated with Kawasaki Kisen Kaisha (K Line) to promote e-NG adoption in the maritime sector, aiming to achieve net-zero greenhouse gas emissions by 2050.
