H2 Green Steel becomes Stegra – new name, same ambition.
From H2 Green Steel to Stegra
We are renaming the future. Born to transform hard-to-abate industry for good, we are changing our name, not our mission. Discover the next chapter with Stegra.
It all begins in Boden
Get ready for a fully integrated, digitalized, and circular plant in Boden, northern Sweden. Our giga-scale electrolyzer, powered by renewable electricity, will be the largest green hydrogen production plant in Europe. By swapping coal for green hydrogen, we refine iron ore into green iron, emitting steam – just plain water. This is game-changing innovation making it possible for us to produce near-zero emission steel, setting a new industry standard. When fully operational, we will reduce steel emissions by over 7 million tonnes per year. Europe's first new steel mill in 50 years is on its way.
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First manufacturing equipment arrived on site in Boden – parts for the direct reduction reactor.
Agreement signed with trade union Byggnads in Norrbotten for safe working conditions.
Secured funding of close to €6.5 billion.
Raising the first steel at the Boden plant – civil works and construction begin.
Customer agreements with Porsche, Purmo Group and Roba Metals.
Customer agreements with Volvo Group and Ingka Group (IKEA).
€1.5 billon in equity raised – largest private placement in Europe in 2023.
Iron ore agreements with Vale and Rio Tinto.
Major customer agreements with ZF Group and Scania.
Customer agreement with Mercedes-Benz also involving North America ambitions.
Full environmental permit approved by the Land and Environmental Court for the Boden plant.
Agreement with Port of Luleå as a primary logistics and transportation hub.
Partnership with thyssenkrupp nucera for the technology to the hydrogen plant.
Major customer agreements with Marcegaglia, Bilstein and SPM.
Partnership with Fortum for renewable electricity.
Partnered with Mobilaris for digital industrial solutions.
Co-founded European Cleantech Scale-Up Coalition, supported by Breakthrough Energy.
Equity round closed at €260 million.
Partnership with SMS group for the technology to the steel plant.
Partnership with Midrex for technology to the DRI plant.
Secured €190 million in funding.
Groundbreaking ceremony at the Boden plant.
Groundworks to prepare for construction at the Boden plant.
Partnership with Statkraft for renewable electricity.
Permissibility permit approved by the Land and Enviromental Court for the Boden plant.
Pre-sold over 1.5 million tonnes of green steel to customers.
Completed an initial funding round of USD 105 million.
Launch of the company.
Open positions
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