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
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges
13 January 2025
IEA urges Netherlands to give clean hydrogen investors greater certainty over industrial consumption
