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.

Harald Mix

Carl-Erik Lagercrantz

H2 Green Steel

Climate Edge is an innovation studio that partners with organizations to build impactful climate ventures and innovation ecosystems. The mission is to restore the Earth’s carbon cycle by accelerating the development and deployment of climate technologies.

Climate Edge

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

Metric
Company Name	H2 Green Steel	Climate Edge
Symbol
MSH ID	COM:H2GREENSTEEL	IO:CLIMATEDGE
Market	PRIVATE	PRIVATE
Sector	Basic Materials & Materials	Technology
Industry	Steel Production	Environmental Services
Country	SE	US
Stage		Pre Seed
Employee Count	219
Website	h2greensteel.com	climatedge.io
LinkedIn	h2greensteel
Founders

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Enterprise Value
Monthly Web Traffic	8.23K
Web Traffic Growth	-0.41
Valuation
Raised Capital	326.35M	617.22K

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COM:H2GREENSTEEL

H2 Green Steel

Company Overview

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