The project will be located in northern Sweden
Swedish green steel plant raises further finance
H2 Green Steel has raised a further €70mn in new equity investments, bringing its total to €260mn
Green steel firm H2 Green Steel (H2GS) has raised a further €70mn ($68mn) in new equity investments, bringing its total to €260mn for the latest round of funding. In addition to investments already secured by technology firm Hitachi Energy and steelmaker Kobe Steel, new shareholders include Swedish investment company Kinnevik and an undisclosed institutional investment fund. “This private placement round is a true sign of strength for our business—sustainability and profitability go hand in hand,” says Henrik Henriksson, CEO of H2GS. The new finance will be used primarily to develop the company’s large-scale green steel plant in northern Sweden, which will use direct reduced iron-electric ar
Also in this section
5 December 2025
European Commission highlights rapid growth of Chinese production this year, as it retains strict procurement rules in latest European Hydrogen Bank subsidy auction
2 December 2025
Oil major cites deteriorating demand and a planning debacle as it abandons one of UK’s largest blue hydrogen projects
1 December 2025
Project at Emden in northwest Germany due online in 2027, but wider ramp-up of clean hydrogen sector in Germany will require overhaul of government policy, company warns
25 November 2025
The northwest African country’s vision of integrating green power, molecules and steel is alive and kicking, and serves as a reminder of hydrogen’s transformative potential
