GravitHy

A sustainable iron and steel company
Find out more below

GravitHy

A sustainable iron and steel company
Find out more below

GravitHy, imminent market leader in green iron and steel, is launched by world-class industrial consortium

Backed by EIT InnoEnergy, Engie New Ventures, FORVIA, GROUPE IDEC, Plug, and Primetals Technologies, GravitHy plans to build, own and operate its first green iron and steel plant in France. The global investment for the first plant is planned to be 2,2B€ and will lead to the creation of around 3,000 new jobs. Find full press release in English and French below:

Meet our Founders

GravitHy’s roster of world-class founders counting on cross-sector collaboration and skills sharing.

EIT InnoEnergy, the world’s largest investor in sustainable energy innovations, will provide its business acceleration services through its European Green Hydrogen Acceleration Center (EGHAC), supported by Breakthrough Energy. EGHAC, was set up to serve as a key enabler of industrial value chains and clean tech innovation, with the aim of developing an annual €100B green hydrogen economy by 2025. Engie offers deep knowledge of hydrogen, renewables and electricity markets. Plug offers deep experience on integrated hydrogen projects and is a leading manufacturer of electrolysers. The GROUPE IDEC, a major player in all segments of the real estate market (development, investment, design-build, energy), will provide support for the search for land and  Primetals Technologies will provide cutting edge technology and expertise to enable green and low carbon steel production, whilst FORVIA will represent the off-take side of the value chain.

EIT InnoEnergy
EIT InnoEnergy operates at the centre of the energy transition and is the leading innovation engine in sustainable energy, bringing the technology and skills required to accelerate the green deal and Europe’s decarbonisation goals.

Recognised globally as the most active sustainable energy investor and one of the largest climate tech and renewable energy tech investors in 2020, EIT InnoEnergy backs innovations across a range of areas.
EIT InnoEnergy is the driving force behind three strategic European initiatives which include the European Battery Alliance (EBA), the European Green Hydrogen Acceleration Centre (EGHAC) and the European Solar Initiative (ESI).

Established in 2010 and supported by the European Institute of Innovation and Technology (EIT), EIT InnoEnergy has offices across Europe and in Boston, US.
Engie New Ventures
ENGIE New Ventures (ENV) is the investment fund of ENGIE, Research & Innovation division, dedicated to innovative climate technology startups and the corporate venture capital arm of ENGIE, the global energy and services provider. ENGIE is committed to lead the energy revolution, towards a more decarbonized, decentralized, and digitized world. ENV makes minority investments in innovative start-ups bringing strategic value to the Group with a focus on both the current ecosystem and on future breakthrough technologies. Since 2014, investments have been made in more than 45 solutions in the cleantech sector. Investment thesis is now focused in particular on renewables, energy efficiency solutions and flexibility, green gases including hydrogen. ENV’s offices are represented in Paris, San Francisco, Singapore, Santiago and Tel Aviv. https://www.engieventures.com/
FORVIA
FORVIA provides solutions for a safe, sustainable, advanced and customized mobility. Composed of 6 business groups with 24 product lines, FORVIA comprises the complementary technology and industrial strengths of Faurecia and HELLA. FORVIA is focused on becoming the preferred innovation and integration partner for OEMs worldwide.
GROUPE IDEC
Groupe IDEC is a major player in the real estate sector, bringing together more than twenty companies
with expertise in their fields. It operates in France and abroad to plan, develop, finance and provide
innovative energy solutions, as well as to design and construct all types of buildings.
It positions itself as a responsible player in the energy transition and in limiting the artificialization of
land. The company works with local authorities on each new operation to revitalize territories by
creating new living and working spaces. This commitment translates into a desire to contribute to the
green growth of cities, businesses and individuals, while meeting the challenges of sustainable, coherent
and pragmatic economic development.

Key figures ▪ Year of creation: 2000 ▪ 500 employees in France + 700 worldwide ▪ 500 million euros of
Revenues ▪ 3 million m² certified ▪ 20 companies in France ▪ + 1,000 Ha developed or in progress in
France and internationally ▪ 260,000,000 euros of assets ▪ 700,000 m² built each year ▪ + 20 logistics
parks in France and abroad.

To learn more about Groupe IDEC: https://groupeidec.com/
Plug
Plug is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. The Company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals. Plug created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the Company has deployed over 50,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. Plug’s vertically integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The Company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers.
Primetals Technologies
Primetals Technologies, Limited, headquartered in London, United Kingdom, is a pioneer and world leader in the fields of engineering, plant building, and the provision of lifecycle services for the metals industry. The company offers a complete technology, product, and services portfolio that includes integrated electrics and automation, digitalization, and environmental solutions. This covers every step of the iron and steel production chain—from the raw materials to the finished product—and includes the latest rolling solutions for the nonferrous metals sector. Primetals Technologies is a joint venture of Mitsubishi Heavy Industries and partners, with around 7,000 employees worldwide. To learn more about Primetals Technologies, visit the company website www.primetals.com.

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