Foundation Grants
Community Vital Signs
About Us
"Steel is a true bad boy," H2 Green Steel executive Lars Lundstr ? m tells Newsweek.
"Most estimates show that steel is responsible for about 7% of global CO2 emissions."
But the Swedish company's plan to be the first commercial-scale mill to cut steel's CO2 emissions by 95% "is the basic recipe for our steel," Lundstr ? m says.
H2 Green Steel uses the chemical symbol for hydrogen gas to convert carbon-heavy coke, which is used to turn iron ore into steel, into hydrogen, which is used to pull oxygen from the iron ore.
"The final product is the same, but does the job that coke normally would, pulling oxygen from the iron ore," Lundstr ? m says.
H2 Green Steel's new plant in northern Sweden will use carbon-free electricity to power its steel mill and produce green hydrogen, which is used to turn iron ore into ethanol.
H2 Green Steel announced last month it had raised more than $6 billion in investment and plans to begin operation next year.
But while H2 Green Steel is among the companies at the leading edge of a large-scale effort to cut emissions in one of the toughest industries to decarbonize, the industry must overcome a chicken-and
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
"Any conversation centered around Hip-Hop, most notably the southern region's impact on the genre, is null and void without mentioning Bun B," Vibe quotes the rapper as saying in a recent...more
"If you want to have impact, then IT, healthcare, and industrials will be the core three elements." That's what Anna V ? n ? 'nen, head of listed impact equity at AXA Investment Managers, has to...more
Foundation: GlobalGiving
"The main threat is the long-standing lack of sufficient funding for healthcare systems," Ota Akhigbe writes at the Conversation. "This funding gap means millions cannot get basic health care,...more
Two 18-year-olds from New Jersey are among the nation's top young entrepreneurs, the Philadelphia Business Journal reports. Rohan Kapoor and Jack Reichert, both of whom are seniors at Unionville...more
If she wins, Natalie Campbell will be the first female and the first openly gay mayor of London. Campbell, who's currently the co-CEO of sustainable water company Belu Water, is running as an...more
When Sam Altman was ousted as CEO of OpenAI in November 2023, the tech start-up's entire board of directors resigned. Altman returned as CEO in March 2024, but the tech start-up has been mired in...more
If you're looking for a way to lessen your impact on the planet, you may want to consider starting a green business. " sustainable entrepreneurship has never been more relevant or urgent in an...more
Baltimore's Mitchell family is putting its money where its mouth is, awarding a $50,000 grant to Excellence & Ambition, a nonprofit that helps young people ages 14 to 21 launch and grow their own...more
"We encourage the community to rally around these promising enterprises which put Tacoma on the map of innovation." So says Tim Strege, executive director of the William Factory Incubator in...more
Foundation: Ball Brothers Foundation
Dan Wolfert played baseball for Stonehill College and is "in the college's athletic hall of fame," per a press release. Now he'll add another title to his resume: program officer for the Ball...more
Social Entrepreneurship
Spotlight
Reviving Ancient Indian Art Forms – Empowering Artisans Towards Entrepreneurship
Rivaayat is an initiative by Shri Ram College of Commerce, Delhi to revive various dying art form and solve innumerable problems faced by the artisans. Rivaayat began with reviving a 20,000-year-old art form of pottery that is a means of survival for 600 families residing in Uttam Nagar, Delhi.