Swedish-based H2 Green Steel has announced it is securing €190m ($189.8m) in the first close of series B equity financing strengthening its arm in decarbonising steel production with hydrogen.
Co-led by new investors, AMF, GOC, Schaeffler, and Altor Fund V, the equity round saw investment from Swedbank Robur Alternative Equity, as well as existing shareholders, Vargas, Kingspan, FAM, Marcegaglia, IMAS Foundation, Cristina Stenbeck and Daniel Ek.
The latest fundraising results follow on H2 Green Steel’s announcement last Friday (August 26) that it had broken ground on its green steel and hydrogen production facility in Boden, Sweden.
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