Hydrogen will play a key role in supporting the energy transition and reducing CO2 emissions in our economy. Alpiq is developing projects for producing green hydrogen and e-fuels in Switzerland and across Europe, which will contribute to promoting decarbonisation in industrial sectors.
Hydrogen and e-fuels projects in Finland and Switzerland
P2X Solutions, Green Hydrogen production, Finland
In Finland, Alpiq acquired a majority share of the Finnish hydrogen pioneer P2X Solutions, which is headquartered in Espoo, in April 2024. P2X Solutions gives Alpiq a platform to produce green hydrogen and Power-to-X, and also to expand beyond Finland. P2X Solutions has built the first industrial-scale green hydrogen production facility in Finland, in the southwestern town of Harjavalta. The plant was commissioned in February 2025. It has an installed electrolysis capacity of 20 MW, making it one of the largest of its kind in Europe. The facility in Harjavalta can also produce synthetic methane from hydrogen and locally available CO2. Further projects focus on the production of e-methanol – an important step on the path to CO2-free shipping.
H2 Höfe Freienbach Hydrogen Project, Switzerland
The project partners Alpiq, SOCAR Energy Switzerland, CIME Capital, and EW Höfe have decided to liquidate Hydrogen Höfe Freienbach AG (H2FE). The company’s board of directors has decided not to proceed with the project to build a hydrogen production plant in Freienbach (SZ); the General Meeting held on March 16, 2026, confirmed this decision. The current regulatory framework and the continued delayed market ramp-up of hydrogen were key factors in this decision. Alpiq remains firmly committed to hydrogen as a key technology for the energy transition and will continue to evaluate and pursue commercial hydrogen projects in the future, provided market conditions permit.
Project partners decide to liquidate Hydrogen Höfe Freienbach AG
Lausanne, 17 March 2026 – The project partners Alpiq, SOCAR Energy Switzerland, CIME Capital and EW Höfe have decided to liquidate Hydrogen Höfe Freienbach AG (H2FE). The Board of Directors of the company, which was founded in 2023, has resolved not to proceed with the originally planned project to build a hydrogen production plant in Freienbach (canton of Schwyz).
With the establishment of Hydrogen Höfe Freienbach AG in 2023, the partners laid the foundation for the realisation of a facility for the production of green hydrogen. The project was based on preparatory work and declarations of intent from 2021, when Alpiq, EW Höfe and SOCAR Energy Switzerland first announced their joint assessment of hydrogen production in Freienbach. The aim was to provide renewable hydrogen, particularly for applications in the mobility sector, and thereby contribute to decarbonisation.
Since the establishment of H2FE AG, planning and procurement activities have been further advanced and had most recently reached an advanced stage. However, in light of changing framework conditions, the Board of Directors has decided not to continue the project and to liquidate the company in an orderly manner. The General Meeting approved this decision on 16 March 2026.
Challenging framework conditions as key reasons
The decisive factors behind this decision are in particular the current regulatory framework conditions as well as the overall delayed market ramp-up of hydrogen. These factors have meant that the economic and regulatory prerequisites for the timely implementation of the project have not developed as originally expected. Against this background, the project was initially paused and has now been definitively terminated.
The project partners reached this decision jointly and after careful consideration. The liquidation of H2FE AG will be carried out in an orderly manner and in compliance with the applicable legal requirements.
Alpiq remains committed to hydrogen as a key element of the energy transition
The discontinuation of the Hydrogen Höfe Freienbach project does not represent a fundamental withdrawal by Alpiq from hydrogen projects. Alpiq continues to regard hydrogen as an important driver of the energy transition and a key technology for the decarbonisation of the energy system. From the energy company’s perspective, hydrogen can make a significant contribution to the urgently needed flexibility of the energy system – particularly in the integration of renewable energies and the storage of surplus electricity from wind and solar power.
Alpiq will continue its dialogue with relevant stakeholders and partners and will further examine and pursue commercial activities in the hydrogen sector as market and framework conditions allow.
Commitment to hydrogen in Switzerland and Europe
In Switzerland, Alpiq is one of the pioneers in the field of hydrogen. Since 2020, Alpiq has been involved together with H2 Energy and Linde in Hydrospider AG in the canton of Solothurn, which ensures the production, procurement and logistics of green hydrogen generated from renewable hydropower.
In addition, Alpiq further strengthened its commitment to the international hydrogen market by acquiring a majority stake in Finnish hydrogen pioneer P2X Solutions in April 2024. This has positioned Alpiq as one of the leading companies in Europe in the production of green hydrogen.
At P2X Solutions’ production facility in Harjavalta, Finland, green hydrogen has been produced since mid-February 2025. The electrolysis plant there, with a total capacity of 20 MW, is currently one of the largest of its kind in Europe and represents the first commercial operation of such a facility in Finland.