During the first half of 2025, Q Power’s Board of Directors and CEO have collaboratively redefined the company’s strategy. The strategy work has now been completed, and going forward, Q Power will expand its focus beyond its proprietary methanation technology to include solutions for hydrogen production, carbon capture and processing, and syngas upgrading.
As part of the strategy process, measures to optimize the company’s cost structure were identified and have been largely implemented during spring 2025. Q Power is now well-positioned to pursue profitable growth.
At the start of the strategy work in January 2025, the company and CEO Eero Paunonen mutually agreed that Paunonen would step down upon the strategy’s completion.
“We thank Eero Paunonen for his significant contribution to the development of Q Power over the past five years and wish him all the best in his future endeavors. Under Eero’s leadership, Q Power has transformed its innovation into a commercial product. A prime example of this leap in development is Finland’s first e-methane production plant, delivered to Harjavalta,” say Q Power’s principal owners Ilkka Herlin and Saara Kankaanrinta.
“We have been on an incredible journey over the past five years. I want to thank our customers, partners, Q Power’s outstanding team, as well as the Board and our owners for their excellent collaboration throughout these years. When I began as CEO, Ilkka and Saara gave me a clear mission: to commercialize the technology, build a manufacturing chain, and bring the solution to market. That work has now largely been accomplished, as evidenced by numerous successful pilot projects and the industrial-scale e-methane production plant built in Harjavalta. These are exactly the kind of concrete climate solutions for which Q Power is known.
The current market for green hydrogen and e-fuels remains challenging, with relatively few investment decisions made. However, with its renewed strategy, Q Power is ready to deliver high-quality technology solutions as the market opens. I wish Q Power, its owners, our customers, and partners continues success in this important work. As for me, I now look forward to new challenges — but first, I intend to enjoy a well-deserved summer break with my family and friends,” says Eero Paunonen.
Further information:
Ilkka Herlin, Chair of the Board, Q Power Oy
