H2 Green Steel's equipment in Boden, Sweden. Photo: Courtesy of H2 Green Steel
Swedish startup H2 Green Steel has raised private equity of €1.5 billion (~$1.6 billion) to build a low-carbon steel plant in northern Sweden.
Why it matters: Steel production contributes to 8% of global carbon emissions, and investors and industrial companies are funding new ways to slash steel's carbon footprint.
