A group of investors, including Altor, GIC, Hy24 and Just Climate, led a €1.5bn funding round in H2 Green Steel, a producer of green steel, which involves the use of less carbon dioxide emissions compared to traditional steelmaking, with participation from Andra AP-fonden, Temasek, AMF, Cristina Stenbeck, Hitachi Energy, IMAS Foundation, Kinnevik, Schaeffler, Vargas and FAM. “The caliber of investors that are backing us is impressive. Some of the most professional institutions, investors and industrial companies globally are part of this round and we are proud that they all share our commitment to sustainability as their true north. €1.5bn is the largest private placement in Europe this year and the appetite to invest in us proves both our solid business case and the market demand for green steel,” Henrik Henriksson, H2 Green Steel CEO.