Building a large-scale hydrogen-produced green steel plant in Boden.
Founders
Carl-Erik Lagercrantz(Sweden · ♂)— A Vargas Holding co-founder behind Northvolt, he co-founded H2 Green Steel (now Stegra) in 2020 to build fossil-free steel using green hydrogen in northern Sweden.
Harald Mix(Sweden · ♂)— A veteran private-equity investor and Vargas/Northvolt co-founder, he co-founded H2 Green Steel (Stegra) in 2020 to decarbonize heavy industry with green steel.
Henrik Henriksson(Sweden · ♂)— The former CEO of truckmaker Scania, recruited as founding CEO of H2 Green Steel (Stegra) in 2020 to industrialize green-hydrogen steelmaking at scale.
Sweden's Stegra secured EUR 1.4B in in-principle financing led by Wallenberg Investments with Temasek and IMAS, putting the Boden green steel project on a fully funded path.
$1.6B
Sep 2024
Grant
Stegra (formerly H2 Green Steel) was granted about €100M from the Swedish Energy Agency's Industrial Leap fund to build its near zero-emission steel facility in Boden.
$105M
Jan 2024
Growth
H2 Green Steel (Stegra) raised EUR300M in additional equity as part of its EUR6.5B Boden green-steel financing.
$324M
Investors
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