Hydrogen-powered steelmaking start-up CullBeck raises funds at $60m valuation, signs anchor customer

AI Summary

New Zealand start-up CullBeck, specializing in hydrogen-powered steelmaking, has raised funds at a $60 million valuation and signed an anchor customer, despite concerns around the use of 'grey hydrogen'. The initiative represents a push toward cleaner steelmaking technology.

But there's a 'grey hydrogen' catch.