In a 7-year contract for 2 TWh per year, Norwegian Statkraft will supply renewable electricity to H2 Green Steel’s operations in Boden in Sweden. In this new power purchase agreement with Statkraft, H2 Green Steel secures a long-term yearly supply of renewable electricity produced in the period 2026-2032. The delivery includes Guarantees of Origin for renewable energy, sourced from Statkraft’s hydropower plants in Northern Sweden. Hammarforsen hydropower plant, one of Statkraft's power stations in Northern Sweden that will provide electricity to H2 Green SteelIn the first phase H2 Green Steel will produce 2.5 million tonnes of green steel annually. In order to deliver green steel to European customers, a large amount of renewable electricity is needed. One key building block is now in place as H2 Green Steel teams up with Statkraft, Europe’s largest renewable energy producer for supply of electricity.H2 Green Steel’s plant in Boden will be home to an 800MW electrolyzer producing the green hydrogen needed to make green virgin iron for the steel production. The giga-scale electrolysis plant, one of the largest in the world, will be powered by renewable electricity.