Analysis

April 4, 2024

‘If Vargas is behind something, it cannot fail’: Inside the climate tech unicorn factory behind Northvolt and H2 Green Steel

How almost everything Swedish financiers Harald Mix and Carl-Erik Lagercrantz touch turns into gold


Freya Pratty

10 min read

Photo: Lexie Yu

The financial press loves to compare investors to Midas, the mythical king who could turn anything he touched into gold. The comparisons are often over-blown; but if there were to be any two folk who came close to having the Midas touch in the climate tech world, it would be Swedish financiers Harald Mix and Carl-Erik Lagercrantz. 

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A picture of Carl-Erik Lagercrantz and Harald Mix.
Carl-Erik Lagercrantz (left) and Harald Mix (right).
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Peter Carlsson, founder and CEO of Northvolt.
Peter Carlsson, founder and CEO of Northvolt.
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H2 Green Steel's site.
H2 Green Steel's site. Photo: H2 Green Steel.
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Dennis Nobelius, CEO of Syre.
Dennis Nobelius, CEO of Syre.
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Martin Lewerth, CEO of Aira.
Martin Lewerth, CEO of Aira.
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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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