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Stegra has agreed in principle on a €1.4 billion financing round led by a Wallenberg Investments-consortium

Stockholm, April 14, 2026 – Stegra has agreed in principle on €1.4 billion in new financing from a combination of new and existing investors to complete the construction of its large-scale green steel plant in Boden, Sweden.The financing round is led by Wallenberg Investments, which has formed a consortium of investors that will, through this transaction, take a leading position in Stegra. Alongside Wallenberg Investments, the consortium consists of Temasek and IMAS. Funding is further strongly supported by Stegra’s existing shareholders, including Altor who will be the second largest owner

Stegra appoints Markus Holm as CFO

Stockholm, February 5, 2026 – Stegra has appointed Markus Holm as Chief Financial Officer, starting March 1, 2026. Holm joins Stegra with over 20 years’ experience from processing industry, green energy and start-ups.Markus Holm will succeed Otto Gernandt, who is stepping down after more than five years with the company to pursue new opportunities. To ensure a smooth transition, Gernandt will remain with Stegra as a senior advisor. Holm has a long background from CFO- and executive roles in multinational companies as well as start-up firms, active in industries ranging from paperboard,

Stegra appoints new Board Director

Stockholm, January 30, 2026 – Stegra today announces the appointment of Andrés Rubio as a new member of its Board of Directors.“We welcome Andrés to the Board and look forward to his contribution. His broad international experience and strong background in finance, investment and leadership will be a valuable addition as Stegra progresses the industrial development of the plant in Boden,” says Shaun Kingsbury, Chairman of the Board of Stegra. Andrés Rubio brings more than 30 years of international board, management, investment and advisory experience. He is the Founder and Managing

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

Stockholm, January 12, 2026 – thyssenkrupp Materials Processing Europe has signed an agreement with Stegra for the delivery of steel from Stegra’s site in Boden, Sweden. First deliveries are expected to start in 2027. The total tonnage of the agreement will be in the high-six-digit range.In the multi-year agreement, thyssenkrupp Materials Processing Europe will acquire significant amounts of non-prime steel from Stegra to supply its customers in various industries across Europe. “At thyssenkrupp Materials Processing Europe, we have the customer base, the logistics capabilities and the

Stegra granted additional state aid from the Industrial Leap

Stockholm, November 26, 2025 –Today, the Swedish Energy Agency announced that Stegra has been granted about €37 million from the Industrial Leap. The grant goes towards the establishment of Stegra’s fully integrated near zero emission steel production facility in Boden.In September 2024, Stegra was awarded €100 million from the Industrial leap after the European Commission earlier the same year approved, under the EU State aid rules, a €265 million Swedish measure made available in part through the Recovery and Resilience Facility. Today, an additional €37 million in grants have been

Stegra confirms new Board Directors

Stockholm, 4 November, 2025 – At an Extraordinary General Meeting (EGM), Stegra has appointed Aidan de Brunner, Lars Fromm, Annemarie Manger and Emmanuel Rodriguez, as new Directors of the Board.As communicated on October 20, Aiden de Brunner and Emmanuel Rodriguez were previously nominated to the Board. Lars Fromm and Annemarie Manger have since also been nominated. All appointments have now been confirmed following approval at the EGM. “The combined and extensive experience of the new board members will be valuable as the work progresses with the establishment of the world’s first

Changes to Stegra’s Board of Directors

Stockholm, 20 October 2025 – Current Board Director Shaun Kingsbury is appointed new Chairman of the Board replacing Harald Mix. Mix has decided to step down as Chairman but will continue as an active member of the Board. Aidan de Brunner and Emmanuel Rodriguez are nominated new Board Directors as Board Directors Annica Bresky and Susanna Campbell have decided to leave the Board."As the newly nominated Chairman, I welcome Aidan de Brunner and Emmanuel Rodriguez to the Board. Both brings deep expertise and strong track records of execution; Aidan de Brunner with extensive financial and

Stegra in new financing round

Stockholm, 13 October, 2025 – Following strong initial commitments from existing investors, Stegra is now in a new financing round for the construction of the world’s first large-scale green-steel plant in Boden, Sweden.“The strong backing from our founders and lead investors, who are firmly committed to this project, is another testament to Stegra’s strong business case. Stegra has a unique position in the green steel landscape with a strong order book, a competitive cost position, and proven execution capabilities,” says Henrik Henriksson, CEO of Stegra. The proceeds from the round are

Stegra announces agreement with Microsoft, driving demand for near-zero emission steel

Stockholm, September 23, 2025 – Stegra has entered into two new agreements with Microsoft. One is for the supply of steel with near-zero emissions to be used in Microsoft’s datacenters. In addition to the agreement for physical green steel, the companies have also entered into an agreement for the purchase of environmental attribute certificates tied to production from Stegra’s manufacturing facility in Boden, Sweden. This agreement is the first-of-its-kind in the steel industry designed to help drive global demand for green steel.After investing in Stegra in 2023 through its Climate

Stegra appoints Niklas Wass to lead its operations in Boden

Stockholm, January 14, 2025 – Stegra appoints Niklas Wass as Head of Operations in Boden, starting April 1, 2025. Wass joins the industrial scaleup company after 22 years at the stainless steelmaker Outokumpu.Wass’ most recent role at Outokumu was President, Business Line Stainless Europe. Previous roles include Executive Vice President, Operations, Business Area Europe, as well as running Outokumpu’s operations in Tornio and Degerfors. “Few people can match Niklas’ experience from electric arc furnace-based stainless-steel operations. In addition to that, he has values that match what

Stegra and Uniper enter 6 TWh electricity agreement

Stockholm, 27 November 2024 –Stegra and Uniper have signed a long-term agreement for the supply of 6 TWh of electricity to Stegra’s plant in Northern Sweden.In a long-term power purchase agreement (PPA) with Uniper, Stegra secures a yearly supply of electricity produced over the 6-year period ranging from 2027-2032, covering a total of 6 TWh. Stegra’s plant in Boden will produce green hydrogen, green iron and green steel, at large scale. The initial annual volume will be 2.5 million tonnes of green steel and operations will start in 2026. Significant volumes of electricity are needed

Stegra and Axpo sign 2 TWh electricity deal

Axpo Nordic and Stegra have signed a power purchase agreement for the supply of electricity to Stegra’s integrated green hydrogen, green iron and green steel production plant in Boden, northern Sweden.Under the agreement, Axpo Nordic will supply 2.25 TWh of electricity over three years, starting in 2027, to Stegra’s facility in Boden, which is currently under construction. Both parties see this agreement as the beginning of a longer business relationship and an important element of the electricity supply to Stegra’s plant, which will produce green hydrogen, green iron and green steel at

H2 Green Steel changes name to Stegra

The industrial scale-up H2 Green Steel is changing its name to Stegra. The company’s purpose is to decarbonize hard to-abate industries. Stegra will do so by leveraging all three platforms it works with: green hydrogen, green iron and green steel.H2 Green Steel was launched in 2021 to reduce emissions in the steel industry on a very ambitious timeline. By showing that it can be done, the company also aimed to inspire the incumbent steel industry to speed up the pace of change. Having secured funding of €6.5 billion and being well on its way to building the world’s first large-scale green

H2 Green Steel supports Lindab in reducing its CO\2\ footprint from steel

Lindab committed very early to purchasing near-zero emissions steel from H2 Green Steel. The two companies have since converted the early term sheet agreement into a 7-year supply contract with deliveries planned to start in 2026. The total volume covered by the contract is 159.000 tons of near-zero emissions steel.Lindab delivers solutions for energy-efficient ventilation and a healthy indoor climate to the construction industry. Buildings account for 40% of global energy consumption. Efforts to increase energy efficiency in the construction sector are therefore crucial to achieving the

H2 Green Steel raises more than €4 billion in debt financing for the world’s first large-scale green steel plant

H2 Green Steel signs definitive debt financing agreements for €4.2 billion in project financing and increases the previously announced equity raised by €300 million. Total equity funding to date amounts to €2.1 billion. The company has also been awarded a €250 million grant from the EU Innovation Fund. H2 Green Steel has now secured funding of close to €6.5 billion for the world's first large-scale green steel plant in Northern Sweden.H2 Green Steel is driving one of the largest climate impact initiatives globally. The company was founded in 2020 with the purpose to decarbonize hard-to-

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

Global supplier to the automotive industry, KIRCHHOFF Automotive, signs 7-year agreement with H2 Green Steel for the delivery of near zero emissions steel from Boden.By teaming up with the Swedish impact company H2 Green Steel, KIRCHHOFF Automotive takes further steps to decarbonize its supply chain and to achieving its sustainability goals. “The message from our customers is clear, they want to see products with lower CO\2\ footprint. This matches our ambitions to be in the forefront of sustainable development in the industry, as well as our legacy where sustainability has always been

Purmo Group in 7-year agreement with H2 Green Steel for near zero emission steel supply

Purmo Group, a leader in sustainable indoor climate comfort solutions, has entered into a binding agreement with H2 Green Steel, for the delivery of 140,000 tonnes of green steel during 2026-2033.The deliveries will support Purmo Group in its further advancement in sustainability. Steel represents approximately 50% of all raw material purchases in the Group.  “This is an excellent collaboration with H2 Green Steel and another milestone in our sustainability journey towards carbon neutrality. With this agreement, we will be pioneers in our industry, securing the supply of green steel and

Porsche plans to use CO\2\-reduced steel from H2 Green Steel in sports cars from 2026

Porsche AG and the Swedish industrial start-up H2 Green Steel have signed an agreement for the supply of CO\2\-reduced steel. The aim is to further improve the emissions balance of Porsche vehicles by using CO\2\-reduced steel.H2 Green Steel plans to produce steel using renewable electricity in Boden, Sweden, starting end of 2025. From 2026, Porsche and various direct Porsche suppliers of production material are to be supplied with near zero-emission steel from the company. This agreement marks the second contract between H2 Green Steel and a company in the Volkswagen Group, following that

H2 Green Steel is the first manufacturing company to join Exponential Roadmap Initiative as Climate Solutions Company

By recognizing H2 Green Steel as a Climate Solutions Company, the Exponential Roadmap Initiative, a partner of the UN-backed Race to Zero, validates the Swedish industrial start-up’s plan to deliver significant emissions reductions compared with traditional steel manufacturing.The Exponential Roadmap Initiative was launched to accelerate climate action and solutions through the exponential scaling of ground-breaking products, services and projects. H2 Green Steel is a living example of such a project as it was founded in 2020 to accelerate the decarbonization of the steel industry. By

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

H2 Green Steel collaborates with Volvo Group for supply of near zero emissions steel.As commercial vehicles increasingly run on electrified solutions, reducing the emissions when the product is in use, the environmental footprint from the supply network and production becomes increasingly important. Since steel is one of the main input materials in the manufacturing of trucks, buses and construction machines, a shift towards green steel is a vital element for Volvo Group’s continued journey towards decarbonization. “Collaborations which support our work to reduce emissions are crucial on

Ingka Group (IKEA) and H2 Green Steel sign agreement for the supply of green steel across its warehouse operations

Today, Ingka Group, the largest IKEA retailer, announces it has signed an agreement with H2 Green Steel for the delivery of green steel, to be used in IKEA warehouse racking. The agreement forms part of Ingka Group’s ongoing action to reduce its climate footprint and will account for 50 percent of warehouse racking purchased globally.Steel is one of the biggest contributors to global GHG emissions (7 percent) and is responsible for 25 percent of Europe’s industrial CO\2\ emissions[1]. For Ingka Group, warehouse racking – used to store everyday home furnishing items – is an important and

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

In the largest private placement in Europe this year, H2 Green Steel has raised about €1.5 billion in equity from an investor group led by Altor, GIC, Hy24 and Just Climate. The round will finance the world’s first large-scale green steel plant and Europe’s first giga-scale electrolyzer.The private placement is co-led by new investor Hy24, together with existing investors Altor, GIC and Just Climate. The transaction also includes new investors Andra AP - fonden and Temasek as well as a group of existing investors that continue to support H2 Green Steel with additional equity funding,

H2 Green Steel and Vale in agreement for the supply of direct reduction iron ore pellets

H2 Green Steel has entered an agreement for the supply of direct reduction iron ore pellets with Vale to its steel plant in northern Sweden.In a multi-year agreement, Vale will supply H2 Green Steel with iron ore pellets as input material for its steel mill in Boden. Vale is a Brazilian mining company and the world’s largest supplier of direct reduction pellets. “Vale has followed the developments of the green transition of the steel industry in northern Sweden closely and now chooses to take an active role in contributing to it. H2 Green Steel is pushing the entire value chain of steel

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