H2 Green Steel

About

H2 Green Steel is a producer of green steel, which involves the use of less carbon dioxide emissions compared to traditional steelmaking.

Stockholm,Stockholms Lan,Sweden
101 - 250
https://www.h2greensteel.com

Highlights

Details

Last Funding Type: Debt Financing
Last Funding Money Raised: €3.50B
Industries: CleanTech,GreenTech,Industrial Manufacturing
Founded date: Jan 1, 2020
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: H2GS AB

H2 Green Steel helps to build a large-scale steel factory based on a fossil-free manufacturing process targeting large European OEMs.

H2 Green Steel is offering unique conditions for cost-competitive fossil-free steel production. 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.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

€3.76B $105M

H2 Green Steel has raised a total of €3.76B $105M in funding over 2 rounds. Their latest funding was raised on Oct 24, 2022 from a Debt Financing round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Oct 24, 2022	Debt Financing	€3.50B	7	—	—	Detail
Oct 19, 2022	Series B	€70M	3	—	—	Detail
Aug 29, 2022	Series B	€190M	12	Altor AMF GIC Schaeffler Group	—	Detail
Jul 20, 2022	Corporate Round	—	1	Hitachi Energy	—	Detail
May 25, 2021	Series A	$105M	16	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

5

31

H2 Green Steel is funded by 31 investors. Altor and AMF are the most recent investors.

Investor Name	Lead Investor	Funding Round
Altor	Yes	Series B
AMF	Yes	Series B
GIC	Yes	Series B
Schaeffler Group	Yes	Series B
European Investment Bank	—	Debt Financing
BNP Paribas	—	Debt Financing
ING Group	—	Debt Financing
KfW IPEX Bank	—	Debt Financing
Societe Generale	—	Debt Financing
Svensk Exportkredit	—	Debt Financing