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Factory 01

Operational✓ Source-checked

Solar Foods Oyj (Nel Alkaline Electrolyser)

Project Overview

Country
Finland
Region
Uusimaa
Capacity
2 MW
Technology
Alkaline Electrolysis
Investment
—
Subsidy Status
—

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Development Timeline

Announced—
FID—
Construction—
OperationalApr 2024

Readiness Score

70/ 100
Advanced

Weighted checklist of public info. Not a prediction of success.

Development

✓Final Investment Decision(implied)+15
✓EPC Contract signed(implied)+10
✓Permits obtained(implied)+8
✓Grid connection secured(implied)+7

Commercial

✓Binding offtake agreement(implied)+15
✓MOU / offtake letter of intent(implied)+5
✓Confirmed price / tariff(implied)+5
✗Applied to government program+5

Financing

✓Project finance / debt secured(implied)+10
–Subsidy (not recorded)+0

Track Record

✗Developer has completed H2 project+5
✗Developer has completed RE project+3
✗Developer has energy experience+2
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