BMW, VW backed Northvolt advances on $12B battery IPO plan & More News Here

Polarium, an energy-storage developer that counts main telecommunications companies similar to Vodafone Group and Verizon Communications amongst its consumer roster, will most certainly be the primary of the three to checklist, Lagercrantz mentioned.

“Polarium is a company with good profitability and fantastic growth in an area that has such strong macro trends,” he mentioned. “If conditions are right, next year the company will be on the stock exchange.”

For H2 Green Steel an IPO is just a few years away, he mentioned. But when manufacturing has reached scale, the general public market shall be a “very good place” to lift capital, because it’s “very capex-heavy, just like Northvolt.”

H2 Green Steel has mentioned it’s seeking to increase within the vary of $3 billion to $4 billion by a mixture of fairness and inexperienced undertaking financing for its operations within the northern a part of Sweden. It has to date secured $105 million, Lagercrantz mentioned.

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