Collaborating on three main areas, Hitachi are set to provide support to H2 Green Steel with hopes of encouraging the roll out of its green steel products, aimed at decarbonising industrial applications.
For its planned plant in Boden, Sweden, H2 Green Steel will leverage Hitachi’s capabilities to optimise customers’ value chain to plan build, operate, and maintain the power infrastructure, including IT and operational technology.
Under the Memorandum of Understanding (MoU), Hitachi will become a customer of the industrial start-up once production has commenced, as well as stepping up as an investor.
Johan Söderström, Head of Europe, Middle East and Africa at Hitachi Energy, said, “Achieving carbon-neutrality globally requires efforts from all industries to speed up the energy transition through collaboration.
“This collaboration with H2 Green Steel is a pioneering example of how we are creating benefits for our customers. We are supporting H2 Green Steel’s electrification project and at the same, we are able to secure green steel for our products which is in line with our purpose of advancing a sustainable energy future for all.”
Launched in 2021, H2 Green Steel set out with the ambition of cleaning up the steel industry by using green hydrogen instead of coal-fired blast furnaces, which it claims can produce steel with 90% lower carbon dioxide emissions than traditional steel making.
In May (2022), the company revealed it had signed contracts for over 1.5 million tonnes of its steel per year, spanning over 5-7 years.
Henrik Henriksson, CEO of H2 Green Steel, commented, “The collaboration we have entered into with Hitachi Energy is further reinforced by them taking an equity investment in H2 Green Steel.
“The companies we choose to work with need to share our values, make a real commitment to live up to the Paris Agreement and to work tightly together to leverage each other’s strengths. In Hitachi Energy we have that, as well as their long history, broad experience, and innovative offerings.”
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