Steel Products
April 24, 2023
H2 Green Steel Seeks to Raise More Than $1.65B in Equity Funding
Startup Swedish steelmaker H2 Green Steel aims to raise more than €1.5 billion ($1.65 billion) in equity funding, a company spokesperson confirmed to SMU on Monday.
H2 Green Steel aims to reduce CO2 emissions up to 95% compared to traditional steelmaking at its planned plant in Boden, in northern Sweden, according to its website. The plant is expected to sport hydrogen-based steelmaking, which would allow for the significant reduction in CO2 emissions.
