H2 Green Steel is a Swedish startup focused on revolutionizing the steel industry by producing fossil-free steel using a green hydrogen-based production process. The company aims to significantly reduce carbon emissions in steel production, which is traditionally a highly polluting industry.

H2 Green Steel

H2 Green Steel (H2GS AB) was founded in 2020, with the ambition to accelerate the decarbonization of industry using Green Hydrogen. Steel is the company’s first industry vertical due to its technological and commercial maturity when it comes to CO2 reduction possibilities. H2 Green Steel accelerates decarbonization of the European steel industry, one of the largest carbon dioxide emitters. The founder and largest shareholder is Vargas, which is also co-founder and one of the larger shareholders in Northvolt. H2 Green Steel is headquartered in Stockholm, Sweden, with its first plant under development in Boden, northern Sweden.

European Investment Bank

KfW IPEX Bank

ING Ventures

BNP Paribas

Svensk Exportkredit

Societe Generale

UniCredit Group

ING Group

Schaeffler Group

Just Climate

Altor

Andra AP-fonden

Temasek Holdings

Hy24

IMAS Foundation

Cristina Stenbeck

Siemens Financial Services

Microsoft Climate Innovation Fund

Mubea

Scania Growth Capital

FAM AB

Kingspan

SMSgroup

Stena Sessan

Vargas Holdings

Ane Mærsk Mc-Kinney Uggla

Kobe Steel

Hitachi Energy

Kinnevik

Marcegaglia

Swedbank Robur

Daniel Ek

COM:H2GREENSTEEL

H2 Green Steel