H2 Green Steel has entered into a long-term frame agreement with Fortum for electricity supply

Significant volumes of electricity are needed to power the 700-800MW electrolyzer that will generate green hydrogen, which in turn will reduce iron ore to sponge iron that will feed the steel production at H2 Green Steel's plant in Boden. In this important partnership with Fortum, another big step is taken in support of H2 Green Steel's ambitious venture and the decarbonization of the steel industry. Significant volumes of electricity are needed to power the 700-800MW electrolyzer that will...

Significant volumes of electricity are needed to power the 700-800MW electrolyzer that will generate green hydrogen, which in turn will reduce iron ore to sponge iron that will feed the steel production at H2 Green Steel's plant in Boden. In this important partnership with Fortum, another big step is taken in support of H2 Green Steel's ambitious venture and the decarbonization of the steel industry.

H2 Green Steel's plant in Boden will initially produce an annual volume of 2.5 million tonnes of green steel. In the second phase, the company will ramp up production to about 5 million tonnes. It is expected to start operation 2025.

"The decarbonisation of industrial processes is a fundamental next step towards carbon neutrality. H2 Green Steel is one of the companies paving the way for this green industrial transition in the Nordics. We believe that the complex nature of electrification and hydrogen projects at scale require cross-sectoral partnerships as well as large amounts of clean energy", says Rikard Dagerbäck, Sales Manager & Strategic Customer Director, Fortum.

"Fortum takes a frontrunner position among Nordic companies supporting the region's green industrialization. Despite a historic energy crisis with record-high prices on electricity, Fortum demonstrates true sustainability leadership and takes a long-term view to solve the fundamental issue, namely the climate crisis. We are proud to bring Fortum onboard as a core partner in our energy portfolio and will continue to build our portfolio with long-term renewable electricity at competitive price-levels," says Luisa Orre, Chief Procurement Officer, H2 Green Steel.

CONTACT:

Karin Hallstan, Head of Public and Media Relations
Phone: +46 76 842 81 04, Email: [email protected]

Per-Oscar Hedman, Communications Manager Sweden, Fortum
Phone: +46 70 214 75 45, Email: [email protected]

 

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