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ENVIRONMENT

Green steel project HYBRIT claims 40% in cost savings

HYBRIT, a joint venture between Swedish steel company SSAB, mining company LKAB, and energy company Vattenfall, has achieved a significant breakthrough in hydrogen storage technology, demonstrating a cost reduction of up to 40%.

Craig Guthrie
The hydrogen storage was first put into operation during the summer of 2022, with tests continuing until 2024

The hydrogen storage was first put into operation during the summer of 2022, with tests continuing until 2024

The company's hydrogen storage facility, located in Luleå, Sweden, has been undergoing commercial testing on the electricity market since summer 2022. The tests have shown that by utilising hydrogen storage,...

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