Stegra’s hydrogen-based steel plant in Boden, Sweden, has received net-zero project status from Tillväxtverket, the Swedish Agency for Economic and Regional Growth. The decision places the project inside the European Union’s industrial push to reduce process emissions, reduce fossil fuel use in steelmaking and build domestic supply chains for net-zero technologies.
Tillväxtverket found that the project will reduce CO₂ emissions from industrial processes, reduce Europe’s reliance on imported raw materials and support the phaseout of fossil fuels in steel production. The agency also said Stegra’s green steel forms part of the supply chain for net-zero technologies and will feed into clean-tech products.
Niklas Wass, head of Boden operations, Stegra said: “The recognition as a Strategic Net-Zero Project confirms Stegra’s importance to Europe’s industrial resilience. It reflects the long-term commitment from both Sweden and the EU to projects that strengthen Europe’s strategic value chains.”
Stegra qualified through an expedited route available to projects backed by the EU Innovation Fund, which awarded the company a €250 million grant. Tillväxtverket also cited the project’s role in job creation and supporting industrial competitiveness.
Source: Stegra
About Stegra
Stegra is a Sweden-based industrial company developing large-scale production of green hydrogen, green iron, and green steel for heavy industry. Founded in 2020 as H2 Green Steel, the company rebranded as Stegra in 2024 to reflect its focus on decarbonizing hard-to-abate sectors, starting with steel. Stegra is building its first integrated production facility in Boden, in Sweden’s Norrbotten region. The site is designed to combine hydrogen generation, iron production, and steel manufacturing in a single operation. The company aims to replace coal-based steelmaking with processes powered by renewable electricity and green hydrogen. Stegra plans to supply steel to industrial customers across sectors such as automotive supply chains, construction, and equipment manufacturing. Its headquarters are in Stockholm, Sweden.