Stegra

Founded in 2020 as a Swedish industrial startup building a large-scale digitalized steel plant in Boden. Previously known as H2 Green Steel. Has raised over €6.5 billion in total capital. Recent development: Agreed in principle on €1.4 billion financing in April 2026 to complete construction.

Currently constructing a flagship green steel plant in Boden, Sweden. Stegra produces steel using green hydrogen from renewable electricity with capacity expected up to five million tonnes when operational in 2027. The company filed a €975 million financing round in October 2025 to complete construction due to unfulfil

Stegra, formerly H2 Green Steel, is a Swedish company aiming to pioneer the large-scale production of green steel using renewable hydrogen as the primary reductant in steelmaking. Founded to decarbonize steel production, Stegra is currently building a major integrated steel plant in Boden, northern Sweden. Key recent d

Aims to produce 5 million tonnes per year of near-zero emissions steel by 2030 in Boden, Sweden[1].

A state-of-the-art facility making strides in replacing carbon-based steel production methods with hydrogen-based approaches.