H2 Green Steel is a hydrogen energy steel producer, mainly engaged in the research, development, production and sales of fossil-free steel. It uses end-to-end digital equipment to complete steel smelting with green electricity and green hydrogen generated from renewable energy instead of coal. H2 Green Steel recently announced that it has raised €190 million in the first round of its Series B equity financing. The investment was co-led by new investors AMF, GIC and Schaeffler, as well as existing investor Altor Fund V. New investor Swedbank Robur Alternative Equity and existing shareholders Vargas, Kingspan, FAM, Marcegaglia, IMAS Foundation, Cristina Stenbeck and Daniel Ek also participated in the round.
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