Stegra

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

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

• Green steel production
• Hydrogen-based steelmaking
• Direct reduced iron
• Green hydrogen electrolysis
• Decarbonized industrial materials

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Operations, Technology or R&D, Supply Chain, Personnel, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion2 records

Distribution channels4 records

Marketing channels10 records

Core 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

Named customers14 records

Segments5 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

18 partnerships are on record, tiered minor and flagship.

• EnersenseminorImplementation/ SI/ Consulting Partner · 1 June 2026Contract 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 CargoflagshipStrategic or Co-development Partner · 1 June 2026Agreement signed for freight traffic to support Stegra's Boden plant operations.
• Port of SkellefteåminorStrategic or Co-development Partner · 1 September 2025Agreements signed for logistics solutions with the ports of Skellefteå and Umeå.
• Port of UmeåminorStrategic or Co-development Partner · 1 September 2025Agreements signed for logistics solutions with the ports of Skellefteå and Umeå.
• LKABflagshipStrategic or Co-development Partner · 1 June 2025Preliminary 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.
• AxpoflagshipStrategic or Co-development Partner · 1 November 2024Long-term agreement signed for 2 TWh of renewable electricity supply as part of Stegra's broader 8 TWh renewable electricity portfolio.
• UniperflagshipStrategic or Co-development Partner · 1 November 2024Long-term agreement signed for renewable electricity supply as part of Stegra's broader 8 TWh renewable electricity portfolio.
• AquatechflagshipStrategic or Co-development Partner · 1 October 2024Partnership 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.
• ValeflagshipStrategic or Co-development Partner · 1 August 2023Iron ore agreements signed (Aug 2023) for direct reduction iron ore pellets and hot briquetted iron supply to Stegra's Boden plant.
• Rio TintoflagshipStrategic or Co-development Partner · 1 August 2023Iron ore agreements signed for direct reduction iron ore pellets and hot briquetted iron supply to Stegra's Boden plant.
• thyssenkrupp nuceraflagshipTechnology or Integration · 1 May 2023Partnership for the technology to the hydrogen plant at Boden. thyssenkrupp nucera supplies electrolyzer technology for one of the largest electrolysis plants globally.
• Port of LuleåflagshipStrategic or Co-development Partner · 1 May 2023Agreement signed as a primary logistics and transportation hub for Stegra's operations. Storage and transport hub under development at the port of Luleå.
• FortumflagshipStrategic or Co-development Partner · 1 March 2023Long-term frame agreement for renewable electricity supply. Power Purchase Agreement provides Stegra with stable energy costs and protection from market fluctuations.
• Kobe SteelminorStrategic or Co-development Partner · 1 October 2022Partnered with Stegra for equity investment alongside Midrex technology partnership in October 2022.
• MidrexflagshipStrategic or Co-development Partner · 1 October 2022Partnered 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 groupflagshipTechnology or Integration · 1 October 2022Partnered with Stegra for the technology to the steel plant. SMS group supplies the steelmaking equipment.
• Breakthrough EnergyminorGTM or Marketing Partner · 1 October 2022Co-founded the European Cleantech Scale-Up Coalition supported by Breakthrough Energy and EU Commissioner Kadri Simson.
• StatkraftflagshipStrategic or Co-development Partner · 1 June 2022Partnership 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

Direct 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

• LinkedInlinkedin.com/company/h2greensteel
• Instagraminstagram.com/stegragroup
• Xx.com/h2greensteel
• Facebookfacebook.com/H2GreenSteel

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries3 records

Funding overview

Funding rounds12 records

Investors38 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stegra