Tech Company Financing Transactions
H2 Green Steel Funding Round
H2 Green Steel closed a $364 million Series B financing round on 10/19/2022. Investors included Hitachi Energy, Kinnevik and Kobe Steel.
Transaction Overview
Company Name
Announced On
10/19/2022
Transaction Type
Venture Equity
Amount
$364,000,000
Round
Series B
Investors
Proceeds Purpose
The series B equity proceeds will primarily be used to develop the company's large scale green steel plant in northern Sweden, where H2 Green Steel will produce steel with up to 95 percent lower emissions than traditional steelmaking.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Riddargatan 23 A 1 tr.
Stockholm, 114 57
SE
Stockholm, 114 57
SE
Phone
Undisclosed
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Henrik Henriksson
Chief Financial Officer
Otto Otto Gernandt
Chief Technical Officer
Maria Gulda
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