H2 Green Steel is a producer of green steel, which involves the use of less carbon dioxide emissions compared to traditional steelmaking.
H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.
H2 Green Steel is offering unique conditions for cost-competitive fossil-free steel production. The project includes a giga-scale green hydrogen plant as an integrated part of the steel production facility.
H2 Green Steel was established in 2020 in Stockholm, Sweden.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Oct 24, 2022 | Debt Financing | €3.50B | 7 | — | — | Detail |
Oct 19, 2022 | Series B | €70M | 3 | — | — | Detail |
Aug 29, 2022 | Series B | €190M | 12 |
Altor
AMF GIC Schaeffler Group |
— | Detail |
Jul 20, 2022 | Corporate Round | — | 1 | Hitachi Energy | — | Detail |
May 25, 2021 | Series A | $105M | 16 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Altor | Yes | Series B |
AMF | Yes | Series B |
GIC | Yes | Series B |
Schaeffler Group | Yes | Series B |
European Investment Bank | — | Debt Financing |
BNP Paribas | — | Debt Financing |
ING Group | — | Debt Financing |
KfW IPEX Bank | — | Debt Financing |
Societe Generale | — | Debt Financing |
Svensk Exportkredit | — | Debt Financing |