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Hydnum Steel
Green steel production using non-fossil energy, leading sustainable industrial transformation
About Hydnum Steel
Hydnum Steel is pioneering the green and sustainable industrial revolution by being one of the first steel plants in Europe to operate entirely on non-fossil energy sources. The company focuses on producing high-quality steel while minimizing its carbon footprint, thereby addressing the significant environmental impact traditionally associated with the steel industry. By progressively replacing coal and natural gas with green hydrogen, Hydnum Steel aims to eliminate CO2 emissions, which account for 9% of global emissions from steel production. The business model revolves around manufacturing eco-friendly steel that is both competitive in quality and respectful of the planet. Hydnum Steel serves industries seeking sustainable materials, contributing to market autonomy and economic development. The project not only supports environmental goals but also creates jobs and fosters economic growth in its community.
Source: Dealroom company dataAt a glance
- Founded
- 2023
- Headquarters
- Madrid, Spain
- Sector
- Energy
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Government of Spain
Series B and later1 investor entered at this stage
Cofides
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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