STEGRA

Decarbonising at scale

Quick info

FOUNDED

2020 by Vargas

ceo

Henrik Henriksson

Vargas partners

Harald Mix, Board Member
Carl-Erik Lagercrantz, Board Member

stegra.com

Description

Stegra is an industrial impact scaleup dedicated to decarbonising hard-to-abate industries, starting with steel. Founded in 2020 as H2 Green Steel and rebranded to Stegra in 2024, the company reflects its mission to drive large-scale industrial transformation. Stegra is currently constructing its first flagship plant in Boden, northern Sweden, which will enable large-scale production of green hydrogen, green iron and green steel. The plant is expected to start production in 2026, with a targeted annual output of 5 million tonnes of green steel by 2030. Through innovative processes, Stegra aims to reduce CO₂ emissions from steelmaking by up to 95%. The company is headquartered in Stockholm.

large-scale

green

hydrogen

production

Stegra aims to build one of the world’s largest electrolysis plants, powered by fossil-free energy. And steel is only the beginning – the company’s expertise in green hydrogen is an enabler for decarbonising other heavy industries as well.

Stegra timeline

Building an impact company with sustainability at its core – for our people, customers, investors and planet.

2025

Enters agreement with Microsoft for near-zero-emission steel

LKAB AND STEGRA PLAN FOR TEST DELIVERIES OF IRON ORE PELLETS

Test deliveries, starting late 2026, will verify logistics readiness

2024

H2 Green Steel changes name to Stegra

Raises more than €4 billion in debt financing

KIRCHHOFF Automotive and Stegra in €130 million deal for supply of near zero emissions steel

‍

2023

Stegra enters a multi-year supply agreement of direct reduction iron ore pellets with Vale and Rio Tinto for its steel plant in northern Sweden

Secures near zero-emission steel supply agreements

With Cargill, Ingka Group, Mercedes-Benz, Porsche, Purmo Group, RobaMetals, Volvo Group, and ZF

Scania places first green steel order, advancing supply chain acceleration

Raises €1.5 billion

In equity to build the world's first green steel plant

H2 Green Steel receives full environmental permit for Boden plant

Agreement with Fortum for electricity supply

Stegra secures carbon-free electricity for up to nine years

New supply agreements with Marcegaglia, Bilstein and SPM

2022

Stegra raises €260 million in equity and €3.5 billion in debt

‍

Cooperates with GreenIron H2 to achieve further emission reduction and increased circularity in Boden plant

‍

Stegra raises €190 million in Series B equity

Signs agreement with BMW

Stegra and BMW Group signs final agreement on delivery of CO2 reduced steel

Joins forces with Hitachi Energy

Stegra and Hitachi Energy collaborate on project that support production of green steel

Stegra's plant in Boden, Sweden, is approved by the environmental court and construction groundwork starts at the site

‍

10 million tonnes of green steel is pre-sold

2021

Stegra launches €2.3 billion green hydrogren venture with Iberdrola

Stegra completes $105 million initial funding round

Stegra is launched

With the purpose to decarbonise hard-to-abate industries, starting with steel

2020

The business case for Stegra, including green steelmaking and hydrogren, is validated by Vargas

news

more about Stegra

STEGRA

Quick info

Description

large-scale

green

hydrogen

production

Stegra timeline

2025

Enters agreement with Microsoft for near-zero-emission steel

LKAB AND STEGRA PLAN FOR TEST DELIVERIES OF IRON ORE PELLETS

2024

H2 Green Steel changes name to Stegra

Raises more than €4 billion in debt financing

KIRCHHOFF Automotive and Stegra in €130 million deal for supply of near zero emissions steel

2023

Stegra enters a multi-year supply agreement of direct reduction iron ore pellets with Vale and Rio Tinto for its steel plant in northern Sweden

Secures near zero-emission steel supply agreements

Scania places first green steel order, advancing supply chain acceleration

Raises €1.5 billion

H2 Green Steel receives full environmental permit for Boden plant

Agreement with Fortum for electricity supply

New supply agreements with Marcegaglia, Bilstein and SPM

2022

Stegra raises €260 million in equity and €3.5 billion in debt

Cooperates with GreenIron H2 to achieve further emission reduction and increased circularity in Boden plant

Stegra raises €190 million in Series B equity

Signs agreement with BMW

Joins forces with Hitachi Energy

Stegra's plant in Boden, Sweden, is approved by the environmental court and construction groundwork starts at the site

10 million tonnes of green steel is pre-sold

2021

Stegra launches €2.3 billion green hydrogren venture with Iberdrola

Stegra completes $105 million initial funding round

Stegra is launched

2020

The business case for Stegra, including green steelmaking and hydrogren, is validated by Vargas

news

more about Stegra

Changes to Stegra’s board of directors and company structure

Stegra announces closing of €1.4 billion financing round

Stegra’s plant in Boden recognized as a net-zero project important for the EU’s climate goals

Stegra has agreed in principle on a €1.4 billion financing round

thyssenkrupp Materials Services and Stegra agree on significant multi-year non-prime steel supply

Stegra granted additional state aid from the Industrial Leap

Stegra confirms new Board Directors

Changes to Stegra’s Board of Directors

Stegra in new financing round

Stegra enters agreement with Microsoft for near-zero-emission steel

LKAB and Stegra plan for test deliveries of iron ore pellets

Stegra supported by the EU Innovation Fund

Stegra and Uniper enter 6 TWh electricity agreement

Stegra and Axpo sign 2 TWh electricity deal

Stegra granted state aid from the industrial leap and The Swedish Energy Agency

H2 Green Steel changes name to Stegra

H2 Green Steel enters 7-year supply contract with Lindab

H2 Green Steel raises over €4 billion in debt financing

H2 Green Steel and KIRCHHOFF Automotive in €130 million deal for supply near zero emissions steel

Purmo Group in 7-year agreement for near zero emission steel supply

Porsche plans to use CO2-reduced steel from H2 Green Steel in sports cars

Roba Metals in 7-year supply agreement for near zero emissions steel

H2 Green Steel is the first manufacturing company to join Exponential Roadmap Initiative

H2 Green Steel collaborates with Volvo Group for supply of near zero emissions steel

IKEA and H2 Green Steel sign agreement for the supply of green steel

H2 Green Steel raises €1.5 billion in equity to build the world’s first green steel plant

H2 Green Steel signs multi-year agreement with Vale and Rio Tinto

H2 Green Steel in 1.5 billion Euro agreement with ZF

Scania places their first green steel order

H2 Green Steel and Gotland Company work together for green hydrogen-supply to shipping

Cargill and H2 Green Steel sign multi-year offtake contract

Mercedes-Benz and H2 Green Steel announce agreements in Europe and North America

H2 Green Steel receives full environmental permit for Boden plant

H2 Green Steel signs agreement with Port of Luleå

thyssenkrupp nucera and H2 Green Steel partner for electrolysis plant

H2 Green Steel in €1.79 billion green steel deal with Marcegaglia

SPM and H2 Green Steel sign 5 year supply agreement for green steel

Bilstein Group reduces CO2-footprint through deal with H2 Green Steel that exceeds €250 million

H2 Green Steel to work with Anglo American on low carbon steelmaking

H2 Green Steel has entered into a long-term frame agreement with Fortum for electricity supply

Just Climate announces its investment in H2 Green Steel’s Series B equity round

KIRCHHOFF Automotive and Stegra in €130 million deal for supply of near zero emissions steel

H2 Green Steel and KIRCHHOFF Automotive in €130 million deal for supply near zero emissions steel