Stegra AB (formerly known as H2 Green Steel) is a high‑profile green industrial company headquartered in Stockholm. Their ambition is to decarbonize heavy industry with a major steel project in Boden. They are building Europe’s largest electrolyzer to date, a direct reduction plant and an integrated steel mill - all to replace coal with renewable electricity and hydrogen and thereby reduce CO2 emissions by up to 95% compared with traditional steelmaking. Production is targeted to start in 2026 with a goal of reaching 5 million tonnes of green steel per year by 2030.
The project is key to Europe’s leadership in sustainable industry, but it faces headwinds. Some public funding applications have been rejected, including a SEK 1.65 billion Klimatklivet grant, and financing measures such as new applications to the Swedish Energy Agency and potential share issues are under review. Overall, the investment plan requires solid capital raising and support from public and private actors.
In short, whether you apply for a job or consultancy, you would contribute to a monumental build in Boden that sets a new standard for sustainable steel. Stegra combines technology, environmental goals and dramatic industrial transformation with ambition and practicality.