Funding Details
- Awarder
- Inbox
- Date Award
- January 22, 2024
- Vertical
- Climate Infrastructure
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2020
- Traction
- H2 Green Steel has raised a total of €6.5bn in debt and equity financing, with significant support from various lenders and investors. The company is actively working on its vision to use green hydrogen in steel production to reduce greenhouse gas emissions.
- Organizations Involved
- BNP Paribas, Societe Generale, ING, KfW IPEX-Bank, European Investment Bank, Svensk Exportkredit, Al Gore’s Just Climate Fund, GIC, Temasek
- Founders
- Harald Mix, Carl-Erik Lagercrantz
- Company Description
- H2 Green Steel is a Stockholm-based steel maker specializing in building a hydrogen-powered steel plant in northern Sweden. The company aims to replace coking coal with renewable energy and hydrogen in steel production to reduce greenhouse gas emissions.
- Market
- Steel Production
- Location
-
Stockholm,
Sweden
- Coinvestors
- Microsoft Climate Innovation Fund, Mubea, Siemens Financial Services, European Union's Innovation Fund
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