Swedish startup H2 Green Steel has announced its plans to raise more than 1.5bn in equity funding to build steel plants that emit virtually no emissions. The startup, backed by high-profile investors such as Mercedes, Maersk, and Spotifys chief executive, is constructing a green steel manufacturing plant in Boden, north Sweden. Construction of the plant will be financed through more than 5bn in debt and equity. The startup said in October that it had received support from European financial institutions for 3.5bn in debt financing, making it one of the most capitalised climate tech projects in Europe. H2 Green Steel…
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