Schaeffler and H2 Green Steel extend cooperation

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Increase in equity stake adds third pillar to cooperative venture, alongside strategic technology partnership and off-take agreement / Schaeffler increases equity interest in H2 Green Steel to 100 million euros / Use of steel produced by H2 Green Steel reduces CO? emissions by up to 95 percent compared with conventional steel / Green steel: key lever for supply chain decarbonization

Schaeffler, the motion technology company, and Swedish startup H2 Green Steel have decided to intensify their already close partnership. The two companies made the decision in the course of a recent equity funding round, in which Schaeffler agreed to invest a further 65 million euros, a significant increase that takes its total stake to 100 million euros. That’s the most equity Schaeffler has... ... More: Official Press Release Schaeffler

Keywords:

Schaeffler, decarbonization, emissions, green, H2 Green Steel, cooperation, hydrogen, climate, steel, reduction