The company is tasked with cleaning up one of the world’s dirtiest industrial sectors with its low-carbon facilities.
H2 Green Steel intends to tap into the rich hydroelectric and wind power resources in northern Sweden to run one of the world’s largest electrolyzers, a device that splits water molecules to produce a clean form of hydrogen.
That will flow into a renewables-powered steel plant, where it will play the role of coke in plucking oxygen from heated iron pellets, producing water as a byproduct instead of carbon dioxide. From there, the metal will go through several additional electrified steps in which carbon and alloys are added to strengthen and refine the steel, and gases are removed.
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