Stegra Seeks $1.1 Billion Green Steel Funding Amid Sweden’s Industrial Transition
Swedish green steel firm Stegra is seeking €975 million ($1.1 billion) in new funding to complete its hydrogen-based steel plant in Boden. The financing comes as Sweden’s green transition faces challenges despite leading Europe’s shift from fossil fuels.
Swedish startup Stegra, formerly known as H2 Green Steel, has announced plans to raise approximately €975 million ($1.1 billion) in additional financing to support the construction of its groundbreaking green steel plant in northern Sweden. This substantial funding round represents a critical moment for Europe’s transition to sustainable industrial production and highlights both the opportunities and challenges facing hydrogen-based manufacturing.
