The HYBRIT initiative, spearheaded by SSAB, LKAB, and Vattenfall, has been honored with the prestigious GAEA Award at the World Economic Forum's Annual Meeting in Davos. The project, launched in 2016, focuses on developing a value chain for fossil-free steel production using hydrogen and renewable electricity. By demonstrating the feasibility of this approach, the consortium aims to significantly reduce carbon emissions in Sweden and serve as a global model for sustainable steel manufacturing. The collaborative efforts of the three companies have proven successful during the pilot phase, leading to plans for large-scale industrial implementation in the near future. Key figures from SSAB, LKAB, and Vattenfall expressed their pride in the recognition received and highlighted the importance of sustainability in driving the initiative forward. The GAEA Awards, which recognize initiatives driving systemic change in climate and nature challenges, singled out HYBRIT for its transformative potential in the steel industry. The success of the project underscores the value of cross-sector partnerships and innovative solutions in combating climate change. With a focus on sustainability, innovation, and collaboration, HYBRIT embodies a shift towards more environmentally friendly steel production methods. The recognition received at Davos reflects the project's significant contributions to reducing carbon emissions and paving the way for a more sustainable future in the steel industry.