GravitHy

GravitHy is a French industrial company founded in June 2022, focused on producing low-carbon Direct Reduced Iron (DRI) and Hot-Briquetted Iron (HBI) using green hydrogen.

The company aims to significantly reduce emissions in the steel industry, addressing the growing demand for eco-friendly iron and steel. Headquartered in Marseille, GravitHy's flagship plant in Fos-sur-Mer is set to begin commercial production in 2029, with a capacity of 2 million tons of DRI/HBI annually. This facility is expected to save around 4 million tons of CO2 per year and reduce steelmaking emissions by over 90% compared to traditional methods. The project will create up to 500 direct jobs and involves a total investment of €2.2 billion. GravitHy operates on a B2B model, supplying low-carbon iron to steelmakers in Europe and beyond. The company has raised approximately $64.8 million in Series A funding from notable investors and is seeking additional funding to support its growth and expansion plans.