Industrial scale-up H2 Green Steel is changing its name to Stegra. H2 Green Steel was launched in 2021 to reduce emissions in the steel industry. After securing financing of nearly SEK 75 billion, the company is now building the world's first large-scale green steel mill in Boden, which will begin production in 2026. Today, the company has announced the beginning of a new chapter with a new name: Stegra.
''As we continue this journey, we leave our more descriptive project name behind, and take on the name Stegra, which reflects our long-term ambitions.”
Henrik Henriksson, CEO, Stegra
“The team continues to prove that it is possible to do more and to change things fast, also in an industry that has for a long time been considered difficult to decarbonize. As we continue this journey, we leave our more descriptive project name behind, and take on the name Stegra, which reflects our long-term ambitions”, said Henrik Henriksson, CEO, Stegra.
“Stegra is a Swedish word which means to ‘to elevate’... it captures the team’s spirit to rise in the face of challenges and always continue to move onwards and upwards.''
Henrik Henriksson, CEO, Stegra
''Stegra is a Swedish word which means to ‘to elevate’. It captures the team’s spirit to rise in the face of challenges and always continue to move onwards and upwards. It’s a constant reminder of the company’s purpose and honours our Swedish roots and where it all began in Boden,” added Henriksson.
The name Stegra is ‘future proof for the journey ahead’, says the company, which is based on the three distinct platforms that are being built in Boden:
- Green hydrogen: one of the world’s largest electrolyzers
- Green iron: where the bulk of the emissions are reduced by replacing coal and coke in traditional steelmaking with green hydrogen – emitting water instead of carbon emissions
- Green steel: a fully electrified large-scale production facility for near zero emissions steel
Over the long term, Stegra will explore the potential for growth, leveraging all three platforms and making use of the competence and experience being developed in the flagship plant in Boden, the company has stated.