Deals Counterparts

H2 Green Steel Secures €4.75 Billion Financing for Green Steel Plant

Financing Hydrogen announced Sweden Apr 26, 2024
EUR4750M
Deal Value

H2 Green Steel secured €4.75 billion in financing for its green steel plant in Boden, Sweden. The financing round included investments from Baillie Gifford, GIC, Hy24, Just Climate, Temasek, Altor, Kinnevik, and Vargas Holding.

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Counterparts (9)

Investor
Kinnevik
company
Kinnevik is a Swedish investment company that focuses on building digital consumer businesses. While not exclusively focused on infrastructure, they have made investments in companies that operate within the digital infrastructure space, such as telecom and digital services.
GIC
company · 3 deals
GIC is a global long-term investor established in 1981 to manage Singapore’s foreign reserves. They are invested in more than 40 countries worldwide with a mandate to preserve and enhance Singapore's international purchasing power over the long term.
Just Climate
company
Just Climate is an investment platform focused on climate-led investing, aiming to address climate change by scaling breakthrough climate solutions. They focus on high-impact investments that can deliver significant and measurable climate benefits.
Altor
company
Altor is a private equity firm focused on investments in the Nordic region. They target mid-sized companies across various sectors, aiming to create value through operational improvements and strategic repositioning.
Vargas Holding
company
Vargas Holding is a Swedish company focused on building large-scale companies that address societal challenges. They focus on sectors like energy transition and sustainable industries.
Temasek Holdings
company · 2 deals
Temasek Holdings is a Singaporean sovereign wealth fund that invests globally across a variety of sectors. Their investment strategy focuses on long-term trends and opportunities, including sustainable living, future of consumption, longer lifespans and a more connected world.
Baillie Gifford
company · 1 deals
Baillie Gifford is a long-term investment manager dedicated to discovering innovations and changemakers that deliver exceptional growth opportunities. They are research-driven, patient, and an independent partnership without outside shareholders.
Hy24
company
Hy24 is a clean hydrogen investment platform that aims to accelerate the transition to a low-carbon economy. The company focuses on investing in hydrogen production, transportation, and storage projects.

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Timeline

Announced
Apr 26, 2024
Signed
Closed

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