57
Growth Score
pts
Heat Score
4 pts
Company Performance Metrics
Score
Trend
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Growth Score - The measure of growth based on company activity, operational metrics, and investments
Growth Trend - The change in the growth score over the given time period
Heat Score - The measure of the market interest, media activity, and Crunchbase profile activity
Heat Trend - The change in the heat score over the given time period
Recent Milestones
Raised Funding Round
Jan 1, 1970
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Raised Funding Round
Jan 1, 1970
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Raised Funding Round
Jan 1, 1970
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635315
HYBRIT Development AB is an company between SSAB, LKAB and Vattenfall with that creates fossil free steel.
About the Company
In 2016, SSAB, LKAB and Vattenfall joined forces to create HYBRIT – an initiative that endeavors to revolutionize steel-making. HYBRIT aims to replace coking coal, traditionally needed for ore-based steel making, with hydrogen. The result will be the world’s first fossil-free steel-making technology, with virtually no carbon footprint. During 2018,
work started on the construction of a pilot plant for fossil-free steel production in Luleå, Sweden. The goal is to have a solution for fossil-free steel by 2035. If successful, HYBRIT means that together we can reduce Sweden’s CO2 emissions by 10% and Finland’s by 7%.
