Steel decarbonisation company H2 Green Steel has raised €1.5 billion ($1.6bn) in equity from an investor group to finance the world’s first large-scale green steel plant and Europe’s first giga-scale electrolyser.
Co-led by new investor Hy24 along with existing investors Altor, GIC and Just Climate, the transaction includes a number of new investor and several other existing investors.
According to H2GS, the proceeds will finance the construction and development of its flagship large-scale green steel plant in Boden, Swede.
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