Interview - Kajsa Ryttberg-Wallgren

Release date: March 19th, 2024

This conversation with Kajsa Ryttberg-Wallgren, EVP of Global Growth at H2 Green Steel, explores the milestones achieved by the company 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 signed 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.

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