H2 Green Steel

2.5 Mt green steel project located in Northern Sweden, currently under construction. The integrated plant will utilise 700 MW of electrolysers to produce green hydrogen for use in its direct reduction iron tower, which will feed its electric arc furnaces and downstream finishing lines, in each case using electricity from renewable sources.

Facts

CAPACITY
2.5 million tonnes finished green steel
Fleet size
Sector
Industrial Decarbonisation
Investment
2024
timing
Commercial operations in 2026
exit
fund
AIP Infrastructure II
OWNERSHIP
Vargas,Altor, Hy24, Just Climate, GIC, and others (including customers and suppliers)

Impact

4,750,000

Tonnes CO2 equivalent
avoided PER YEAR

Households powered
per year

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