Another encouraging news statement for the decarbonisation of Europe´s heavy industries came through this week. 

One of Europe’s most closely watched climate infrastructure startups, Stockholm-based steel maker H2 Green Steel, has secured €4.2bn in debt financing. The company, which is building a hydrogen-powered steel plant in northern Sweden, has now raised €6.5bn in debt and equity financing.

This is particularly interesting since some of the early investors of H2 Green Steel were also involve din the launch of Northvolt, another leading European cleantech company.

Combined with the wider European public and private investments in this sector, there is a real chance of a long term strategy that will pay off.