HomeNewsIberdrola and H2 Green Steel sign 2.3 billion euros green hydrogen deal

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Iberdrola and H2 Green Steel sign 2.3 billion euros green hydrogen deal

12/2/2021

Press release - Iberdrola, H2 Green Steel   The companies will build a 1,000 MW plant for the production of green hydrogen The new plant will produce and fuel with green hydrogen a direct steel ore reduction furnace with a capacity to produce 2 million tonnes of pig iron, which would allow the production of green steel with a 95% reduction of CO2 emissions   Iberdrola takes another step towards decarbonisation. Iberdrola and H2 Green Steel have signed an agreement to build a green hydrogen plant with an installed capacity of 1,000 MW and an estimated investment of 2.3 billion euros. The new plant will power with clean fuel a direct steel reduction furnace with a capacity to produce

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