H2 Green Steel - fundraising journey and milestones
Listen now
Description
This conversation with Kajsa Ryttberg-Wallgren, EVP of Global Growth at H2 Green Steel, explores the milestones achieved by H2 Green Steel in securing funding for its first-of-a-kind Boden plant. The discussion covers topics, such as early financing, partnerships and value chain support, securing site and power allocation, team structure and growth, joint ventures, and the massive fundraising round. The conversation also delves into the debt structure and equipment financing, working with different types of investors, and the key milestones that enabled H2 Green Steel to raise €1.5 billion in equity financing and sign definitive agreements for €4.2 billion in debt. The discussion covers topics such as securing debt from export credit agencies, early consideration of project finance, replicating financing structures for future projects, power purchase agreements and energy sourcing, securing iron procurement, carbon credits as part of the revenue stack, the financing structure for future projects, involvement of strategic partners, scaling the team and organizational structure, challenges in recruiting specialized talent, milestones and de-risking for financing, location as a key factor in bankability, and the importance of timing in success.   Takeaways Early consideration of project finance and learning from similar projects can help structure financing, from the beginning. The financing structure can be replicated for future projects, but location-specific factors must be considered. Carbon credits can be an important revenue stream for projects with low or no CO2 emissions. The team and organizational structure must evolve as the company scales and moves into different project phases. Recruiting specialized talent from around the world is crucial for success in capital-intensive industries. Milestones and de-risking are important for attracting financing partners. Location plays a significant role in the bankability of projects, considering factors such as renewable energy availability and cost. Timing is a crucial element of success, as market conditions and regulatory frameworks can impact project feasibility.   Contact Us Guest: https://www.linkedin.com/in/kajsaryttbergwallgren/ Email us: [email protected] Host: https://www.linkedin.com/in/samiaqader/  
More Episodes
We are taking a short break ahead of New York Climate Week (NYCW) but stay tuned for some amazing guests in the coming months. If you are attending NYCW and want to connect in person, please message me on LinkedIn or at [email protected].
Published 09/17/24
Published 09/17/24
In this episode, Dr. Staffan Qvist, talks about how to get an edge in science tech due diligence using his expert network, DeepSense. DeepSense is a network of scientists, engineers and industry specialists that provide tailored support for your science tech due diligence. The company helps...
Published 09/03/24