Partners
& investors

We are delighted that GravitHy hasreached this important milestone in its growth plan, 3 years after InnoEnergy launched the projectas part of our European Green Hydrogen Acceleration Center (EGHAC). Bringing in strategicinvestors from across the green steel value chain will help ensure demand for GravitHy’s low-carbon iron is secured from the get-go. This successful Series A round is further proof that there ismomentum for green industrial projects set to be a key driver of both economic growth andindustrial decarbonisation in Europe.

Karine Vernier, Directrice Générale France – InnoEnergy

We are very proud of being a part of GravitHy’s investors, to support one of the most important European Green steel projects. The steel industry is the biggest emitter inindustry, and AP is committed to reducing emissions in the hard to abate sectors. Also AP isfully committed to bringing Japan’s value to the large European projects though Japan Hydrogen Fund’s network in Japan. I hope Euro-Japan collaboration will be strongly enhancedthrough this investment.

Richard Folsom, Co-Founder & Representative Partner – Advantage Partners group

As a global leader in water, we know that reducing, reusing and repurposing water can help protect this vital resource, while helping industry deliver sustainable business performance. We are excited to support the development and growth of GravitHy and their innovative approach to decarbonizing the steel industry. Our collaboration reflects a shared commitment to protecting natural resources and promoting a cleaner, more sustainable future for all.

Thierry Troudet, Senior Vice-President & Country Manager – Ecolab

Marcegaglia has decided to participate in GravitHy’s Series A for two reasons: to strengthen our decarbonization projects and to develop our Fos-sur-Mer plant through an ambitious transformation plan. Steel produced from scrap and low-carbon DRI/HBI will significantly reduce CO₂ emissions compared to the full-cycle process, showcasing an innovative, sustainable, and competitive European industry in a sector that is key to the transition.

Antonio Marcegaglia, Chairman and CEO – Marcegaglia Steel

We’re thrilled that such a tier 1 level and complementary syndicate of investors joins the project, allowing it to get to Final Investment Decision by 2026. By its size and impact, GravitHy is very well aligned with our purpose to support the energy transition for decarbonizing the industry.

Johann Boukhors, Managing Director – Engie New Ventures

Supporting the industry to accelerate the proliferation of low-carbon iron and steelmaking is core to our decarbonisation strategy. Rio Tinto will be supplying high-grade iron ore to GravitHy and managing the sales of the low-carbon HBI that they produce. This investment, as a member of the consortium of investors covering GravitHy’s entire value chain, is a logical next step in our support of the project

Simon Farry, Head of Steel Decarbonisation – Rio Tinto

We are excited to become a strategic investor in GravitHy, helping to further decarbonize the steel industry. Joining several strong co-investors to support GravitHy’s mission to produce low-carbon iron, we are eager to provide our financial know-how as well as our technological expertise to help reduce the carbon footprint of steelmakers in Europe.”

Steffen Grosse, CEO Equity Finance – Siemens Financial Services

The media are talking about GravitHy.
A selection from the many media that have covered our company.