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Stegra

Stegra is building a green steel plant to decarbonize the European steel industry.

facts

Headquarters

Stockholm, Sweden

CEO

Henrik Henriksson

Founders

Vargas Holding

Categories

Alternative Materials

Main Co-Investors

Altor, GIC, Hy24, Just Climate, Temasek and many more

Stegra (earlier H2 Green Steel) was founded in 2020 with the ambition to accelerate the decarbonization of the steel industry, using green hydrogen. The world’s first large-scale green steel plant will be located in Boden, Northern Sweden, and will use hydrogen produced from renewable electricity to deliver steel in a process emitting as much as 95% less CO2 than steel produced with traditional blast furnace technology.