Thyssenkrupp has agreed to supply technology for Swedish fossil-free steel startup H2 Green Steel's planned large electrolysis facility to produce hydrogen.
Monday's agreement covers the supply of 20 megawatt Scalum electrolysers that the companies said will provide more than 700 megawatts of installed capacity overall.
A H2 Green Steel spokesperson said the agreement was worth several billion Swedish crowns, declining to comment further. She said H2 Green Steel expected deliveries to start in late 2024, adding that this was its first announced supplier deal and that it was aiming for total capacity of around 800 megawatt of electrolysis at the plant in northern Sweden.Green hydrogen is created through renewables-powered electrolysis, whereby water is split into hydrogen and oxygen.
H2 Green Steel is majority-owned by Vargas Holding, which is also co-founder and one of the larger shareholders in battery developer Northvolt, whose biggest owner is VolkswagenReporting by Anna Ringstrom. Editing by Jane Merriman
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