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