Decarbonising industry
Stegra
Accelerating the decarbonisation of hard-to-abate industry
Commercialised by
Stegra
Stockholm, Sweden
Riddargatan 23 A, 1 tr., 114 57 Stockholm, Sweden
Sustainable developement goals
Accelerating the decarbonisation of hard-to-abate industry
Stegra is an industrial impact scale-up in the process of building its first plant for large-scale production of green hydrogen, green iron and green steel. Founded in 2020 as H2 Green Steel, the company rebranded to Stegra in 2024 to better align with its mission to decarbonize hard-to-abate industries. Beginning with steel, Stegra is constructing a flagship near-zero-emissions steel production facility in Boden, Northern Sweden. The project has secured permitting and financing totaling approx. €6.5 billion, with production set to commence in 2026.
The need
Cleaning up heavy industry, which is responsible for 40% of all global CO₂ emissions, is key for tackling the climate crisis. The steel industry alone accounts for more than 7% of the world’s CO₂ emissions.
The solution
Stegra, previously H2 Green Steel, builds a fully integrated, digitalized, and circular plant in Boden, northern Sweden. Their giga-scale electrolyzer, powered by renewable electricity, will be the largest green hydrogen production plant in Europe. By swapping coal for green hydrogen, Stegra refines iron ore into green iron, emitting steam – just plain water. This is game-changing innovation making it possible to produce near-zero emission steel, setting a new industry standard.
The value proposition
- The latest technology is used every step of the way in a fully integrated large-scale production line for fossil-free steel production.
- A business model focused on a value chain approach: as the off-takers are already included, this provides an acceptable premium on the decarbonised end product produced of green steel.
- When fully operational, Stegra will reduce steel emissions by over 7 million tonnes per year.