# H2 Green: Renewables & environment, Edinburgh, United Kingdom

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

Source: https://millionrounds.com/startup/h2-green-2 (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Renewables & environment startup](https://millionrounds.com/companies)

# H2 Green

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

Funding reported Last round: Debt financing

Renewables & environment Edinburgh, United Kingdom

Company summary

- **Founded:** 2020 6 years old
- **Team:** 2 1 to 10 people
- **Funding reported:** 10.9B as listed, currency not stated
- **Last round:** Debt financing Jan 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for H2 Green has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About 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.

## What company datasets say H2 Green raised

Funding, as reported

Reported in all **10.9B** in the source's currency

Rounds **9**

Last round **Debt financing**

Last round date **Jan 2024**

Investors listed **37**

## The company, in detail

What they build

Known for

co2 reduction iron and steel mills and ferroalloy manufacturing fossil-free steel heavy industry decarbonization renewable energy power generation manufacturing carbon footprint reduction climate solutions renewable energy integration sustainable manufacturing industrial decarbonization environmental sustainability environmental services sustainable industrial processes decarbonization circular plant

Built with from their website

OpenAI Microsoft Exchange Microsoft 365 Apps & Services Ruby On Rails Ruby GitLab Microsoft Exchange Online VueJS Microsoft 365 Outlook

+2 more

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- **Sector:** Renewables & environment
- **Industry code:** NAICS 33111, SIC 3312
- **Region:** Scotland
- **Revenue:** 45M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/h2-green-steel)

## Renewables & environment in United Kingdom

Startups like it

- [**Renew Risk** London · founded 2021 *Raised*](https://millionrounds.com/company/renew-risk)
- [**Octopus Energy Group** London · founded 2016](https://millionrounds.com/startup/octopus-energy-group)
- [**Corio Generation** London · founded 2022](https://millionrounds.com/startup/corio-generation)
- [**GRIDSERVE** Iver · founded 2016](https://millionrounds.com/startup/gridserve)
- [**Tokamak Energy** Abingdon · founded 2009](https://millionrounds.com/startup/tokamak-energy-2)
- [**char.gy** London · founded 2016](https://millionrounds.com/startup/char-gy)
- [**Sunsave** London · founded 2022](https://millionrounds.com/startup/sunsave)
- [**Protium** London · founded 2019](https://millionrounds.com/startup/protium)

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