H2 Green Steel (Debt and Equity)
Funding Details
Awarder
Inbox
Date Award
January 22, 2024
Vertical
Climate Infrastructure
Funding URL
View Funding Page
Funding Amount
$4,500,000
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
Market
Steel Production
Location
Stockholm, Sweden
Coinvestors
Microsoft Climate Innovation Fund, Mubea, Siemens Financial Services, European Union's Innovation Fund
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.

Links
Website
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