Sweden: H2 Green Steel Breaks Ground on Its Steel and Hydrogen Production Facility

By August 26, 2022 2   min read  (321 words)

August 26, 2022 |

Fuel Cells Works, Sweden: H2 Green Steel Breaks Ground on Its Steel and Hydrogen Production Facility

A historic groundbreaking ceremony has taken place in the town of Boden in the far north of Sweden. H2 Green Steel is building an enormous steel- and hydrogen production facility to create green steel.

The company officially put the shovels in the ground for its sit in Boden and present at the event were CEO Henrik Henriksson, the Governor of Norrbotten Lotta Finstorp and the Mayor of Boden Claes Nordmark.

With approximately 10 TWh per year coming from mainly hydropower, H2 Green Steel plans to build giga-scale electrolysis capacity to clean up steel production.

Founder and CEO Henrik Henriksson said, “We are starting activities earlier than we expected, which is probably needed as the project is bigger and more complex. In addition, the symbolic nature of the activities sends a message to the local community that the project has become a reality after 18 months of discussion.”

“Now that the project is underway, entrepreneurs and companies involved in all aspects of it can prepare – from houses to roads to infrastructure.”

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H2 Green Steel (H2GS AB) was founded in 2020 with the ambition to accelerate the decarbonization of the steel industry, using green hydrogen. Steel, which is one of the world’s largest carbon dioxide emitters, is the company’s first business vertical. The founder and largest shareholder of H2 Green Steel is Vargas, which is also co-founder and one of the larger shareholders in Swedish battery maker Northvolt. H2 Green Steel is headquartered in Stockholm, Sweden, with its first green steel plant under development in Boden, northern Sweden.

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