H2GS AB announced that it has received ?1500 million equity round of funding co-led by new investor Hy24, existing investors Altor Fund V AB, a fund managed by Altor Equity Partners AB, GIC Private Limited and Just Climate LLP. on September 7, 2023. The transaction included the participation from new investor Andra AP-fonden, existing investors AMF Fonder AB, Hitachi Energy Ltd., Stichting IMAS Foundation, Kinnevik AB, Schaeffler AG, Vargas Holding AB, FAM AB and Individual investor Cristina Stenbeck.