According to the H2 Green Steel team, the agreement with renewable power generator Statkraft will provide a source of hydroelectric power to the mill, which is being designed to produce 2.5 million metric tons of steel annually. 

The mill will include an 800-MW electrolyzer for making green hydrogen, which will in turn be used to produce virgin iron for mill. The giga-scale electrolysis plant, one of the largest in the world, will be powered by renewable electricity, according to the project developers. 

“In Statkraft, we have a partner and a big player that takes true responsibility to support ambitious Nordic sustainable industry initiatives. In supplying green electricity, they show a real commitment to making Sweden’s industry renewable within the coming decade,” said Luisa Orre, H2 Green Steel’s chief procurement officer.