Stegra
Building the world's first large-scale green steel plant
About Stegra
Stegra, founded in 2020 as H2 Green Steel and renamed in 2024, is decarbonizing hard-to-abate heavy industry, starting with steel. Its integrated plant under construction in Boden, northern Sweden, combines green hydrogen, green iron and green steel production powered by renewable electricity, aiming to cut steel-production emissions by up to 95%. Customers include Mercedes-Benz, Volvo, Porsche and Scania.
Founders
Henrik Henriksson
CEO (stepping down, effective Nov 1 2026; continuing as adviser)
Maria Persson Gulda
Co-founder & Chief Technology Officer
- ClimateTech
- Boden, Sweden
- Series C+
- 2020
Funding rounds
| Date | Round | Amount | Lead investors |
|---|---|---|---|
| Series C+ | €1.4bn | Wallenberg Investments (consortium with Temasek, IMAS) | |
| Series C+ | €300.0m | Microsoft Climate Innovation Fund, Mubea, Siemens Financial Services, IMAS Foundation, Just Climate (equity top-up alongside €4.2bn debt financing and €250m EU Innovation Fund grant) |
