H2 Green Steel
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H2 Green Steel

https://www.h2greensteel.com/
Last activity: 03.05.2024
Categories: ProductITIndustryTechnologyProductionConstructionCommerceBusinessEnvironmentalDevelopment
H2 Green Steel (H2GS AB) was founded in 2020, aiming to build a large-scale fossil-free steel production in northern Sweden. H2 Green Steel will produce 5 million tons of fossil-free steel by 2030. By doing this, the company will contribute to the decarbonizing of the European steel industry, one of the largest carbon dioxide emitters. H2 Green Steel will establish operations in Boden and Luleå. The founder and largest shareholder is Vargas, which is also co-founder and one of the largest shareholders in Northvolt.
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Followers
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Mentions
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Location: Sweden, Stockholm
Employees: 51-200
Total raised: $7.04B
Founded date: 2020

Investors 3

Funding Rounds 5

DateSeriesAmountInvestors
23.01.2024-$4.89B-
15.09.2023-$1.61BKinnevik
19.10.2022-$254.39M-
29.08.2022-$190.6M-
31.05.2021-$105.1M-

Mentions in press and media 65

DateTitleDescription
03.05.2024Climate tech investment roars back with an $8.1B start to 2024Climate tech startups raised $8.1 billion in the first quarter, near record amounts of money that suggest 2023’s quiet close might have been more of a blip than the sign of a protracted downturn. The figure, contained in a new report from P...
18.04.202410 Swedish startups to watch in 2024With €5.7 billion raised in total in 2023, Sweden took fifth place among the best-performing countries, as stated in our Annual report. Two companies dominated in the list of the 10 companies that raised the most last year, and both are fro...
04.04.2024Q1 2024 shows a resilient quarter for European tech companiesOn paper, Q1 2024 looks like a good quarter for investments in Europe, which almost returned to Q1 2022 levels, albeit with a higher average ticket size. However, the main drivers in Q1 2024 were large loans granted to large scale ups or ev...
13.03.2024Top climate tech startups from Europe in 2024Read this article in: In response to the urgent need to confront climate change, there has been a notable surge in investment and innovation in climate tech solutions worldwide. This trend has been particularly pronounced in Europe, where t...
23.01.2024Sweden’s H2 Green Steel secures €4.5B to build the world’s first large-scale green steel plantRead this article in: Stockholm-based H2 Green Steel, a company that aims to decarbonise the steel industry using green hydrogen, secures over €4.7B in funding to advance its plans for the world’s first large-scale green steel plant in Bode...
22.01.2024InvestEU backs €209 million of financing for large-scale production of green steel with minimal carbon footprint in SwedenThe European Investment Bank (EIB) and the Nordic Investment Bank (NIB) will take part in the project finance deal to support H2 Green Steel’s large-scale green steel production facility in Northern Sweden. The EIB will contribute €314 mill...
22.01.2024H2 Green Steel: KfW IPEX-Bank participates in financing for sustainable steel production in SwedenH2 Green Steel Boden plant, Sweden Landmark green steel project We’re delighted to support our new customer H2 Green Steel in this flagship project by financing cutting-edge German technology.” — Dr Velibor Marjanovic, Member of the Managem...
22.01.2024Investors pour money into green steelBanks, investors and governments are funneling money into major players with plans to produce low-carbon steel. Why it matters: Steel production is a major contributor to carbon emissions and is one of the most widely used construction mate...
22.01.2024H2 Green Steel raises more than €4 billion in debt financing for the world’s first large-scale green steel plantH2 Green Steel raises more than €4 billion in debt financing for the world’s first large-scale green steel plant Mon, Jan 22, 2024 11:30 CET Report this content H2 Green Steel signs definitive debt financing agreements for €4.2 billion in p...
18.01.2024From Batteries To Building Materials, Green Manufacturing Startups Are Raising Billions11 Shares Email Facebook Twitter LinkedIn Modern humanity’s carbon-spewing ways probably have their roots in manufacturing. If it’s not the things we mass-produce, then it’s likely the processes used to make them. Or, in many cases, both ar...
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