H2 Green Steel
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H2 Green Steel

https://www.h2greensteel.com/
Last activity: 10.09.2026
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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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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 82

DateTitleDescription
10.09.2026Europe Industrial Gases Market Size, Share, Trends and Outlook 2034The Europe industrial gases market is witnessing steady growth driven by expanding industrial operations, rising demand from healthcare and electronics sectors, and increasing focus on sustainable gas solutions and clean energy transition a...
27.08.2026Sweden's top-funded tech companies in H1 2026Swedish technology companies raised approximately €2.8 billion in H1 2026, with a significant share of capital concentrated in a small number of large transactions. Stegra recorded the largest financing at €1.4 billion, accounting for aroun...
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11.05.2026April 2026's top 10 European tech deals you need to know aboutEuropean tech activity in April 2026 remained broadly stable compared to March, although overall funding volumes declined more noticeably. The ecosystem recorded 290 funding deals and €5.1 billion raised, compared to 292 deals and €7.5 bill...
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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...
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