H2 Green Steel
Powering a new, clean industrial revolution
Sectors
IndustrialWebsite
www.h2greensteel.comH2 Green Steel (H2GS) was founded in 2020 with the ambition to accelerate the decarbonization of hard-to-abate industries. The company is starting with steel, which is one of the world’s largest carbon dioxide emitters, building a fully integrated, digitalized, and circular plant in Boden, northern Sweden. The plant will produce green steel, reducing CO2 emissions with up to 95% percent compared to traditional steelmaking.
Why we believe in H2 Green Steel
- There is a significant commercial opportunity for green steel, with a favorable supply/demand balance over the next decades
- H2GS is uniquely positioned to capture this opportunity, due to an optimal geographical location for input factors, limited exposure to rising carbon costs compared to legacy operators, and a significant 1st mover advantage
- H2GS has at a record pace achieved key commercial milestones de-risking the greenfield nature of the project, including securing a construction permit, pre-selling the majority of initial volumes to a range of industries, and attaining renewable energy contracts
About H2 Green Steel
2023 turnover (CY)
EUR < 50M
Employees
< 200
Investment date
Mar 2021
Fund
Fund V, Fund VI
Team
Henrik Henriksson | CEO