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Stegra produces steel using green hydrogen and renewable electricity instead of coal-based methods.
Founded in 2020 and based in Stockholm, Stegra develops steel production using green hydrogen, automation, and renewable electricity. Its Boden plant is designed to produce steel from iron ore with water vapor as the byproduct. In April 2026, the company announced EUR 1.4 billion in venture funding led by FAM, with returning and new investors including Temasek, Altor, Hy24, AMF, Kobe Steel, Ltd., Scania CV AB, Bolero, SEB Pension, and AIP. The round was completed in June 2026.
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