The Swedish Energy Agency has announced an additional €37 million grant through the Industrial Leap initiative will be provided to Stegra. This latest allocation will support the development of the company’s fully integrated near-zero-emission steel production facility planned in Boden. Stegra has already been granted €100 million under the Industrial Leap initiative in September 2024, after the European Commission (EC) authorised €265 million funding. This funding was from the EC partly financed through the Recovery and Resilience facility.
In September 2025, Stegra signed two agreements with Microsoft for the supply of near-zero-emission steel for use in its datacenters. In addition, Microsoft agreed to purchase environmental attribute certificates from Stegra’s Boden manufacturing facility.
In November 2024, Stegra and Uniper entered into a long term power purchase agreement, with Uniper supplying 6 TWh of electricity to the Boden facility annually from 2027 to 2032. The plant will produce green hydrogen, green iron, and green steel at scale, with an initial annual output of 2.5 million tonnes of green steel, and is set to begin operations in 2026.
