Stegra
- Company typePrivate
- Founded2020
- HeadquartersStockholm, Sweden
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
Stegra firmographics
Firmographics- Name
- Stegra
- Legal name
- Stegra AB (org. no. 559272-3000)
- Website
- https://stegra.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Stegra industry classification
Industry- Product category
- Green Steel Manufacturing
- NAICS
- Rolling and Drawing of Purchased Steel (33122), Iron Ore Mining (212210), Geothermal Electric Power Generation (221116), Fossil Fuel Electric Power Generation (221112)
- SIC
- Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312)
- akta.pro primary industry
- Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based) (IMAKABAB)
Keywords
Where Stegra is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Markets served
Stegra business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Operations, Technology or R&D, Supply Chain, Personnel, Marketing or Sales
Revenue model
- Long-term steel offtake/supply agreements: Multi-year, multi-tonnage contracts with industrial end-customers and distributors (e.g., Thyssenkrupp Materials Services multi-year non-prime steel agreement covering high-six-digit tonnages; pre-sold over 1.5 million tonnes to customers). Customers commit to long-term purchasing in exchange for priority supply of near-zero-emission steel.
- Sale of Environmental Attribute Certificates (green hydrogen value): Stegra retains and sells the green hydrogen value via Environmental Attribute Certificates separately from the physical steel. Physical steel buyers cannot make green claims, preventing double counting, while the green premium is monetized through certificates sold to other customers.
- Near-zero emission steel sales to OEMs and data centers: Long-term commercial agreements with automotive OEMs (Mercedes-Benz, Volvo, Scania, Porsche), construction/manufacturing buyers (IKEA/Ingka, Marcegaglia, Bilstein, SPM, ZF Group, Purmo, Roba Metals) and digital infrastructure buyers (Microsoft) supplying near-zero emission steel at a price premium versus conventional steel.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Premium long-term contract pricing; not publicly disclosed |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels10 records
Stegra product offering
Product offeringCore offering
Stegra is building Europe's first large-scale green steel plant at Boden Industrial Park in Sweden. The facility uses giga-scale electrolyzers powered by renewable electricity to produce green hydrogen, which feeds a hydrogen-based direct reduced iron (DRI) process to refine iron ore into green iron, and is then converted into near-zero emission steel via an electric arc furnace. Output is sold to industrial customers seeking to decarbonize their material supply chains.
Product overview
Stegra offers an integrated platform-plus-modules product architecture built around three interconnected platforms at its Boden plant: Green Hydrogen (produced via Europe's largest giga-scale electrolyzer powered by renewable electricity), Green Iron (refined from iron ore using that hydrogen in the DRI tower), and Green Steel (cast and rolled in the meltshop, cold rolling mill and finishing mill). The Green Hydrogen platform feeds the Green Iron platform, which in turn feeds the Green Steel platform — together forming the fully integrated, digitalized, and circular Boden Plant (Boden Industrial Park), Europe's first new steel mill in 50 years. The integrated facility is supported by a public Lookout Tower viewing point at the site, with an internal Mobilaris digital industrial solutions layer and renewable electricity supply agreements (Statkraft, Fortum, Uniper, Axpo) underpinning operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Green Steel
- Green Iron
- Green Hydrogen
- Environmental Attribute Certificates (EACs) for green steel
Quantifiable outcome
- Up to 95% lower CO2 emissions vs conventional steelmaking
- +6 more outcomes
Companies that use Stegra
Customer profileNamed customers14 records
Segments5 records
Ideal customer profiles1 record
Stegra technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
Stegra partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered minor and flagship.
- EnersenseminorContract worth ~€30 million to install pipelines and steel structures at the water treatment plant connected to Stegra's green steel factory in Boden. Project starts Q3 2026, completes Q1 2027.
- Green CargoflagshipAgreement signed for freight traffic to support Stegra's Boden plant operations.
- Port of SkellefteåminorAgreements signed for logistics solutions with the ports of Skellefteå and Umeå.
- Port of UmeåminorAgreements signed for logistics solutions with the ports of Skellefteå and Umeå.
- LKABflagshipPreliminary agreement for test deliveries of iron ore pellets by rail beginning end of 2026. Pellets to be used in Stegra's hydrogen-based direct reduction steel production facility in Boden.
- AxpoflagshipLong-term agreement signed for 2 TWh of renewable electricity supply as part of Stegra's broader 8 TWh renewable electricity portfolio.
- UniperflagshipLong-term agreement signed for renewable electricity supply as part of Stegra's broader 8 TWh renewable electricity portfolio.
- AquatechflagshipPartnership for water treatment facilities at Stegra's Boden site. Enersense awarded a ~€30m contract to install pipelines and steel structures at the water treatment plant (in partnership with Aquatech). Scheduled Q3 2026 start, Q1 2027 completion.
- ValeflagshipIron ore agreements signed (Aug 2023) for direct reduction iron ore pellets and hot briquetted iron supply to Stegra's Boden plant.
- Rio TintoflagshipIron ore agreements signed for direct reduction iron ore pellets and hot briquetted iron supply to Stegra's Boden plant.
- thyssenkrupp nuceraflagshipPartnership for the technology to the hydrogen plant at Boden. thyssenkrupp nucera supplies electrolyzer technology for one of the largest electrolysis plants globally.
- Port of LuleåflagshipAgreement signed as a primary logistics and transportation hub for Stegra's operations. Storage and transport hub under development at the port of Luleå.
- FortumflagshipLong-term frame agreement for renewable electricity supply. Power Purchase Agreement provides Stegra with stable energy costs and protection from market fluctuations.
- Kobe SteelminorPartnered with Stegra for equity investment alongside Midrex technology partnership in October 2022.
- MidrexflagshipPartnered with Stegra for technology to the DRI (Direct Reduced Iron) plant, including partnership with Kobe Steel for equity investment. Midrex technology is the basis of Stegra's hydrogen-based DRI process.
- SMS groupflagshipPartnered with Stegra for the technology to the steel plant. SMS group supplies the steelmaking equipment.
- Breakthrough EnergyminorCo-founded the European Cleantech Scale-Up Coalition supported by Breakthrough Energy and EU Commissioner Kadri Simson.
- StatkraftflagshipPartnership for 14 TWh of renewable electricity supply to Stegra's operations. Long-term power supply arrangement supporting hydrogen production.
Scale indicators11 records
Recent moves6 records
Expansion highlights7 records
Stegra competitors and assessment
Company assessmentDirect peers
- SSAB: Swedish steel major partnering with LKAB and Vattenfall in the Hybrit initiative to produce fossil-free steel via hydrogen DRI in Oxelösund and Luleå, Sweden. Directly comparable as the leading incumbent hydrogen-DRI green steel project in the same geography.
Emerging players
- Boston Metal: US-based developer of molten oxide electrolysis (MOE) technology for green steel production. Comparable as a venture-backed, non-DRI electrochemical pathway to zero-carbon iron and steel competing for the same end-markets.
- Electra: US-based early-stage company commercializing electrochemical iron production for green steel. Comparable as a capital-intensive cleantech player pursuing zero-emission iron at pilot-to-commercial scale with similar industrial-customer offtake potential.
Broad incumbents
- Salzgitter: German integrated steel producer running the SALCOS (Salzgitter Low CO2 Steelmaking) program to convert primary steelmaking to hydrogen DRI. Comparable as a large incumbent European competitor also targeting near-zero emission steel for automotive and industrial customers.
- Voestalpine: Austrian steel major with the H2FUTURE and greentec steel programs to decarbonize flat steel production using green hydrogen. Comparable as a European incumbent pursuing hydrogen-route steel for automotive and industrial customers.
- ArcelorMittal: World's largest steel producer with multiple hydrogen-DRI and EAF-based decarbonization projects across Europe (e.g., in Hamburg, Bremen, Dunkirk, Gijon). Comparable as a global incumbent competitor pursuing green steel at multiple sites, including for automotive OEMs.
- thyssenkrupp Steel Europe: German steel subsidiary of thyssenkrupp running the tkH2Steel transition to hydrogen-based DRI steelmaking at Duisburg. Comparable as a direct European incumbent competitor also serving automotive and industrial customers with hydrogen-route steel.
Others
- thyssenkrupp nucera: Supplier of large-scale alkaline and PEM electrolyzer technology and Stegra's hydrogen plant technology partner at Boden. Comparable as an adjacent enabling technology provider for green hydrogen in steel and chemical industries.
- Midrex Technologies: Global supplier of DRI and hot briquetted iron technology and Stegra's DRI technology partner. Comparable as the leading equipment and process licensor for the same hydrogen-DRI route Stegra is deploying.
- SMS group: German plant builder supplying EAF and steelmaking equipment to Stegra's Boden meltshop and finishing mill. Comparable as an adjacent equipment and integration partner whose technology underpins Stegra's steelmaking platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Stegra social profiles
Digital presenceStegra compliance and trust
Trust signalCompliance3 records
Stegra financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stegra leadership team
Management profileNumber of profiles
Profiles17 records
Stegra subsidiaries and ownership
Company hierarchySubsidiaries3 records
Stegra funding detail
Funding detailFunding overview
Funding rounds12 records
Investors38 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stegra M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stegra
What does Stegra do?
Stegra is building Europe's first large-scale green steel plant at Boden Industrial Park in Sweden. The facility uses giga-scale electrolyzers powered by renewable electricity to produce green hydrogen, which feeds a hydrogen-based direct reduced iron (DRI) process to refine iron ore into green iron, and is then converted into near-zero emission steel via an electric arc furnace. Output is sold to industrial customers seeking to decarbonize their material supply chains.
Is Stegra a public or private company?
Stegra is a private company. It is classified as venture growth investor backed and is currently operating.
When was Stegra founded?
Stegra was founded in 2020. It employs 251 to 500 people.
Where is Stegra based?
Stegra is headquartered in Stockholm, Sweden, in the Europe region.
How does Stegra make money?
Three revenue lines are on record. Long-term steel offtake/supply agreements are the primary driver. The others are sale of Environmental Attribute Certificates (green hydrogen value) and near-zero emission steel sales to OEMs and data centers.
Who are Stegra's main competitors?
SSAB is listed as a direct peer. Emerging players are Boston Metal and Electra. Broad incumbents are Salzgitter, Voestalpine, ArcelorMittal and thyssenkrupp Steel Europe. Others are thyssenkrupp nucera, Midrex Technologies and SMS group.
Does Stegra have an API?
No public API is recorded for Stegra.
What industry is Stegra in?
Stegra's product category is Green Steel Manufacturing. Its primary akta.pro industry code is IMAKABAB, Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based). Its NAICS code is 33122 and its SIC code is 3310.