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€250m

Grant
Total Funding000k

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H2 Green Steel (H2GS) is a pioneering startup that operates in the steel industry with a unique focus on environmental sustainability. The company aims to revolutionize the steelmaking process by significantly reducing its carbon footprint. Traditionally, steel production is a major contributor to global CO₂ emissions, accounting for over 7% of the total. H2GS is committed to changing this narrative by bringing emissions close to zero.

The company's business model is centered on sustainable steelmaking, which is projected to have a substantial impact on the global efforts to combat climate change. By 2030, H2GS plans to produce a significant amount of green steel annually in Boden. By 2040, the company's operations could potentially avoid about 1% of total current annual man-made emissions.

H2GS serves a broad range of clients, including those in the construction, automotive, and manufacturing sectors, who are increasingly seeking environmentally friendly alternatives. The company generates revenue by selling its 'green steel' to these industries. The 'green steel' is produced using innovative technologies that drastically reduce CO₂ emissions compared to traditional steelmaking methods.

In summary, H2 Green Steel is a forward-thinking startup that is leveraging innovative technology to produce steel in a more environmentally friendly manner. The company operates in a market that is increasingly conscious of the environmental impact of its activities and is well-positioned to capitalize on the growing demand for sustainable alternatives.

Keywords: Green Steel, Sustainability, Steel Industry, CO₂ Emissions, Climate Change, Environmentally Friendly, Innovative Technology, Construction, Automotive, Manufacturing.

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