H2 Green Steel banks 30% premium

Hydrogen-based steelmaker on track to scale-up production at first large-scale plant in northern Sweden

Automakers and other industrial consumers have agreed to pay H2 Green Steel a premium of 20–30% for its low-carbon steel, according to Maria Persson Gulda, the Swedish company’s chief technology officer. Buyers have agreed to take-or-pay contracts with durations of five to seven years, Gulda told an event to mark the 50th anniversary of the IEA. The level of “green premium” paid by H2 Green Steel’s customers, and the duration of contracts, highlighted the readiness of automakers and others to pay for a low-carbon product as they attempt to decarbonise their supply chains. The economics of H2 Green Steel—which uses green hydrogen in place of coking coal and is the first large-scale plant of i