- Backed by Primetals Technologies, EIT InnoEnergy, Engie New Ventures, FORVIA, GROUPE IDEC, and Plug, GravitHy plans to build, own, and operate its first green iron and steel plant in France
- GravityHY plans to mobilize 2.2 billion Euro worth of initial investment, creating over 3,000 new jobs
GravitHy
A consortium composed of EIT InnoEnergy, the innovation engine for sustainable energy supported by the European Institute of Innovation & Technology, a body of the European Union (EU), Engie New Ventures, Plug, FORVIA, GROUPE IDEC through GROUPE IDEC INVEST INNOVATION and Primetals Technologies as a partner of the consortium, today launch GravitHy – a future market leader in green steel.