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H2 Green Steel
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H2 Green Steel

https://www.h2greensteel.com/
Last activity: 02.10.2025
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Categories: BusinessCommerceConstructionDevelopmentEnvironmentalIndustryITProductProductionTechnology
H2 Green Steel (H2GS AB) was founded in 2020, aiming to build a large-scale fossil-free steel production in northern Sweden. H2 Green Steel will produce 5 million tons of fossil-free steel by 2030. By doing this, the company will contribute to the decarbonizing of the European steel industry, one of the largest carbon dioxide emitters. H2 Green Steel will establish operations in Boden and Luleå. The founder and largest shareholder is Vargas, which is also co-founder and one of the largest shareholders in Northvolt.
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Mentions
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Location: Sweden, Stockholm
Employees: 51-200
Total raised: $7.04B
Founded date: 2020

Investors 3

Funding Rounds 5

DateSeriesAmountInvestors
23.01.2024-$4.89B-
15.09.2023-$1.61BKinnevik
19.10.2022-$254.39M-
29.08.2022-$190.6M-
31.05.2021-$105.1M-

Mentions in press and media 77

DateTitleDescription
02.10.2025New York Explorers Club Hosts Global Book Launch of Hope for Life on Our Planet: Inspiration for Seven Generations for 80th UNGA and Climate WeekActor Michael Douglas Speech Elevates Hope As Pathway for Global Leadership Dame Jane Goodall and Verizon CEO Hans Vestberg Deliver Co-Author Tributes Book Editor Osvald Bjelland, Origination Founder, Offers Hope as A Strategy Surprise Appe...
09.01.202524 European tech companies that raised the most in 2024In 2024, European tech companies secured more than €74.4 billion across over 3,700 deals. When compared to a year before, this figure is higher by approximately 10 percent (€67.6 billion secured in 2023). This indicates a positive shift in ...
09.10.2024Baseload Capital joins Cleantech Scale-up Coalition to bolster European competitiveness.Baseload Capital joins Cleantech Scale-up Coalition to bolster European competitiveness. Wed, Oct 09, 2024 09:30 CET Report this content At the Cleantech for Europe Summit in Brussels on September 26, Baseload Capital announced its decision...
27.09.2024EGYM secures $200M, Mubadala acquires stake in Revolut, and the Hungarian tech surgeThis week we tracked more than 90 tech funding deals worth over €1.3 billion, and over 5 exits, M&A transactions, rumours, and related news stories across Europe. In addition to this week's top financials, we've also indexed the most im...
23.09.2024Green Steel Market: USD 117.13 Bn Value, Growth, and Size Forecast (2024-2031) | Ansteel Group, ArcelorMittalGreen Steel Market Size Green steel market is estimated to be valued at USD 4.33 Bn in 2024 and is reach USD 117.13 Bn by 2031, exhibiting a (CAGR) of 60.2% from 2024 to 2031. BURLINGAME, CA, UNITED STATES, September 23, 2024 /EINPresswire....
22.08.20248 European climate tech companies to watchA series of monster funding rounds have boosted fintech and climate tech in particular, and revealingly, many founders are betting on success by taking on high-interest debt, rather than sharing equity with investors. 3 roles to apply for t...
25.07.2024The AI Chip Race: A New Era of Semiconductor Dominance** **** The semiconductor industry is experiencing a seismic shift. Artificial Intelligence (AI) is the driving force behind this transformation. Companies like SK Hynix are riding the wave, posting record profits as demand for AI chips skyrocke...
24.07.2024Midyear Forecast: Top Trends To Watch In H2 2024 — From Chips To AI Funds5 Shares Email Facebook Twitter LinkedIn So far, 2024 has proceeded very much like 2023 in the startup world. AI is still the dominating talk of venture capital, funding is slightly up but most seem unsure if that’s a trend or a passing mom...
18.07.2024Sustainability-Focused Startup Equity Funding Fell In H1 202411 Shares Email Facebook Twitter LinkedIn Those of us who follow climate change news are used to seeing the bad tidings outweigh the good. We’re slogging through what’s shaping as the hottest summer on record. Glaciers are melting at an ala...
28.06.2024NYAB receives order for power line construction worth SEK 122.1 millionNYAB receives order for power line construction worth SEK 122.1 million Fri, Jun 28, 2024 11:47 CET Report this content NYAB has signed a contract for the construction of the new overhead lines from the new Degerträsk station to the steel m...
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