# H2 Green Steel

**Source:** https://www.startuphub.ai/startups/h2-green-steel
**Profile type:** Startup

> Decarbonizing steel production with green hydrogen.

## About

H2 Green Steel is a Swedish startup aiming to revolutionize the steel industry by producing steel with significantly reduced carbon emissions. They plan to achieve this by using green hydrogen produced from renewable energy sources as a reducing agent in their steelmaking process, replacing traditional coal-based methods. Their flagship project is a large-scale integrated green steel plant in Boden, Sweden.

## Key facts

- **Slug:** h2-green-steel
- **Website:** https://stegra.com
- **Location:** Stockholm, Sweden
- **Founded:** 2020-01-01T00:00:00
- **Employees:** 500
- **Operating status:** Active
- **Total funding:** $6.3B
- **Sectors / tags:** Industrial Manufacturing, Green Technology, Materials
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/h2-green-steel/
  - Twitter: https://twitter.com/H2GreenSteel

## Frequently asked

### What does H2 Green Steel do?

H2 Green Steel is a Swedish startup aiming to revolutionize the steel industry by producing steel with significantly reduced carbon emissions. They plan to achieve this by using green hydrogen produced from renewable energy sources as a reducing agent in their steelmaking process, replacing traditional coal-based methods. Their flagship project is a large-scale integrated green steel plant in Boden, Sweden.

### What is H2 Green Steel's valuation?

StartupHub estimates H2 Green Steel's effective valuation at $772.9M (range $541.0M to $1.0B, 28% confidence), based on comparable companies in the sector.

### How much funding has H2 Green Steel raised?

H2 Green Steel has raised a total of $6.3B in funding. The most recent round on record is Series C.

### Where is H2 Green Steel headquartered?

H2 Green Steel is headquartered in Stockholm, Sweden.

### When was H2 Green Steel founded?

H2 Green Steel was founded in 2020.

### What industry does H2 Green Steel operate in?

H2 Green Steel operates in Industrial Manufacturing, Green Technology, Materials.

### How many employees does H2 Green Steel have?

H2 Green Steel has approximately 500 people on record.

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