Green Steel Breakthroughs

The climate tech sector saw significant advancements in green steel, highlighted by H2 Green Steel's billion-dollar funding for a new plant in Sweden. Notably, many of the largest deals in 2023 were fueled by existing projects and substantial public financing, showcasing the importance of government support in attracting private investment. Meanwhile, the emissions and sustainability reporting market faced challenges, as traditional tech investors may have overfunded this sector despite its underlying potential.