Claes Nordmark, mayor of Boden, steps out into a vast clear-cut area. He ... motions toward an electrical substation nearby. "Listen to that," he says. "The atmosphere in Boden is crackling, just like that switchgear." If all goes to plan, in July start-up H2 Green Steel (H2GS) will start building the world's first "fossil-free" steelworks in this Swedish town of 17,000, just below the Arctic Circle. It's a multibillion-dollar project that would make a multimillion-ton impact on the climate, cutting over 90 percent of a regular steel factory's carbon dioxide emissions. A boom of renewable-powered industries has given rise to what has been dubbed a "green revolution." A massive revamp is underway to decarbonize the state-run mines. Besides steel mills, the region hosts Europe's first battery mega factory, called Northvolt Ett, along with fossil-free fertilizer and aviation biofuel factories. In the coming two decades, an estimated $100 billion to $150 billion will be invested and up to 100,000 jobs created in this sparsely populated and often overlooked region. Put together, this is the centerpiece of Sweden's 2045 net-zero carbon pledge and the country's ambitions to become a front-runner in the quest for a fossil-free economy. "We need a shift from an administrative mind-set to a courageous one," says CEO Henrikkson, a gust of wind rearranging his hair while he walks near the H2GS office in Stockholm. Nowadays, Henriksson says, major projects often grind to a halt because politicians and bureaucrats fear making mistakes.
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