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H2 Green Steel
Integrated green hydrogen steel production
Boston Metal
Molten oxide electrolysis at 1600°C
Blastr Green Steel
H2-DRI with renewable power integration
H2 Green Steel
Integrated green hydrogen steel production facility in Boden, Sweden
Technology Overview
H2 Green Steel is developing the world's first large-scale fossil-free steel plant, using green hydrogen produced on-site through water electrolysis powered by renewable energy. The integrated facility will produce 5 million tons of high-quality steel annually by 2030.
H2 Consumption
Energy Usage
CO2 Reduction
Production Cost
Key Success Factors
- ✅ Renewable Power: 800 MW secured through long-term PPAs
- ✅ Customer Commitments: Offtake agreements with Mercedes, BMW, Scania
- ✅ Strategic Location: Access to renewable power and iron ore
- ✅ Proven Team: Leadership from SSAB, Vattenfall, McKinsey
Investment Highlights
ETS Impact
Potential to reduce ArcelorMittal's annual ETS costs by €240M through technology licensing and deployment at European facilities.
H2 Green Steel - Virtual Data Room
Confidential documents for due diligence. Access expires in 28 days.
Documents
Process Flow Diagrams
Document Preview
Detailed process flow showing H2 production, DRI shaft furnace,
and EAF integration with material and energy balances
Document Activity
Investment Committee Decision
H2 Green Steel - €50M Series B Investment
Executive Summary
Investment Thesis: H2 Green Steel represents a transformational opportunity to secure leadership in green steel technology while reducing our ETS exposure by €240M annually.
Strategic Rationale: Technology validated at pilot scale, strong customer commitments, and potential for deployment across ArcelorMittal facilities.
Key Terms: €50M for 3.3% equity stake, board observer rights, exclusive licensing for European operations.
Due Diligence Summary
✅ Strengths
- Physics validated: 48kg H2/ton
- Strong team from industry
- Customer LOIs: €2B
- Renewable power secured
⚠️ Risks
- First commercial scale plant
- H2 cost dependency
- Construction timeline
- Competition from MOE