A gigascale green hydrogen plant to produce fossil fuel free steel will be built in the Boden-Luleå region of Northern Sweden. Part of an integrated hydrogen and steel production facility, the H2 Green Steel plant will be operational at a “leading cost position by 2024” and expects to produce five million tonnes of steel by 2030.
Once touted as the future of fossil-free energy, hydrogen has proven difficult and costly to scale – mostly due to major infrastructure requirements. Battery electric vehicles appear to be winning the personal automobile race as the next dominant technology, but aviation, shipping, large land freight, and now steel production could define the path forward for hydrogen.
If sufficient public and private attention, commitment, and investment is paid to developing large-scale hydrogen steel projects, what effect might this have on other industries using fossil energy? Could we see rapid price decrease and scaling up of hydrogen infrastructure for shipping, long-haul trucking, and aviation?