H2 Green Steel Secures EUR1.5 Billion Supply Agreement
07/06/2023 - European steel startup H2 Green Steel has signed a binding, seven-year agreement with automotive components and systems maker ZF.
According to H2 Green Steel, the agreement, valued at EUR1.5 billion, provides for a significant share of ZF’s annual steel needs.
“This is a true milestone contract for H2 Green Steel, not the least because of its size. ZF’s role in the automotive ecosystem is undeniable, and they are a true partner to us where we also see potential to move into other regions, like North America,” said Henrik Henriksson, H2 Green Steel chief executive officer.
