Steel manufacturer Ovako, Volvo Group and key partners, including Hitachi Energy, Stegra and Nel Hydrogen, with support from the Swedish Energy Agency, have launched a groundbreaking initiative to significantly reduce CO2 emissions and develop local industrial hydrogen production. Ovako’s new hydrogen plant in Hofors, Sweden, is the first in the world to use hydrogen for heating steel prior to rolling, advancing climate-neutral steel production. The surplus green hydrogen produced will power Volvo Group’s fuel cell vehicles and be used at a new hydrogen filling station adjacent to the plant. This collaboration enhances cost efficiency by recycling hydrogen by-products into energy, playing a vital role in Volvo Group’s shift towards electrification for long-haul and heavy duty applications while also serving as a fossil-free fuel for combustion engines.

"Collaboration is key, and we need a new form of collaboration. Partnership is the new leadership – this is not just a belief; it’s a proven strategy. We know this approach works." - Martin Lundstedt, President and Chief Executive Officer, Volvo Group

Stakeholders

 Ovako, Volvo Group, Hitachi Energy, Stegra and Nel Hydrogen