H2 Green

H2 Green Steel is a Swedish industrial decarbonization company founded in 2020, focused on producing near-zero-emission steel.

The company utilizes green hydrogen and renewable electricity at its fully integrated, digitalized plant located in Boden, northern Sweden. H2 Green Steel aims to replace traditional coal-based steelmaking with hydrogen-based iron reduction, potentially reducing steel emissions by over 7 million tonnes annually when fully operational. The company specializes in producing green iron and green steel through a fossil-free process, catering to industrial customers seeking lower-carbon materials. H2 Green Steel also develops one of Europe’s largest planned green hydrogen production facilities, powered by a giga-scale electrolyzer. Its services include industrial steel production, integrated plant development, decarbonization solutions for hard-to-abate industries, and collaboration with customers across various sectors, including automotive and industrial equipment. Notably, Mercedes-Benz has taken an equity stake in the company to support the introduction of CO2-free steel into production.