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.

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H2 Green Steel

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Operations

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Category Manager

Christian Johansson

Program and Project Management

Edouard Michta

Human Resources

Adrian Vejbrink Kildal

Head of Total Rewards, Labor Law and People Tech

Annika Wedberg

Business Management

Johan Bijl

Corporate Finance

Jonathan Nordeborg

Julien Roby

Susanna Campbell

Otto Gernandt

Carl-Erik Lagercrantz

Harald Mix

Mark Bula

Chief Commercial Officer

Maria Persson Gulda

Chief Technical Officer

Luisa Orre

Chief Procurement Officer

Henrik Henriksson

Chief Executive Officer

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H2 Green Steel operates a steel production plant to accelerate the decarbonization of the steel industry using green hydrogen. It provides a digitalized and automated greenfield steel plant by bringing together raw materials, renewable energy, and artificial intelligence to help clients have access to fossil-free steel at a leading cost position. 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.

Private Equity Round - H2 Green Steel

Debt Financing - H2 Green Steel

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Series B - H2 Green Steel

Corporate Round - H2 Green Steel

Series A - H2 Green Steel

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H2 Green Steel changes name to Stegra

Green Steel Market to reach 320.67 Bn at a CAGR of 101.23 percent by 2030- Says Stellar Market Research.

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A New Way to Make Green Steel

H2 Green Steel supports Lindab in reducing its CO2 footprint from steel

Climate tech investment roars back with an $8.1B start to 2024

H2 Green Steel sews up €4.2 billion in financing for green steel plant

H2 Green Steel produces steel with significantly reduced carbon emissions by using green hydrogen instead of coal in its production process.

Green steel is produced using green hydrogen and renewable electricity, achieving up to 95% reduction in CO₂ emissions compared to traditional methods.

The company operates a large-scale electrolyzer to produce green hydrogen, which is used in the steelmaking process to reduce iron ore to sponge iron.

Green hydrogen is produced using renewable electricity and water, serving as a key component in decarbonizing heavy industries, particularly steel production.

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Constellium-UACJ ABS is a company competing with H2 Green Steel in the steel industry. They are known for their aluminum products and solutions.

Constellium-UACJ ABS

Polarputki Oy is another competitor of H2 Green Steel in the steel industry. They are known for their steel tube and pipe manufacturing.

Polarputki Oy

Aurubis Finland Oy is a competitor of H2 Green Steel in the steel industry. They are known for their copper production and related services.

Aurubis Finland Oy

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.

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H2 Green Steel