Stegra

formerly H2 Green Steel

Stegra

Stockholm, Sweden · Founded 2020 · $11.9B raised

Headquarters
Stockholm
Employees
201–500
Founded
2020
Business Model
B2B
Website
stegra.com
Total Funding
$11.9B
Last Round
$1.5B Venture RoundJun 2026
Rounds
10

About

Stegra (formerly H2 Green Steel) is building the world's first large-scale green steel plant in Boden, Sweden, using green hydrogen produced from renewable electricity to replace coal in steelmaking. The plant features Europe's largest green hydrogen electrolyzer and will produce near-zero emission steel at giga-scale, reducing steel-related CO2 emissions by over 7 million tonnes per year when fully operational.

Summary

Stegra is a Clean Tech company based in Stockholm, Sweden, founded in 2020. It has raised $11.9B in total across 10 rounds, most recently a $1.5B Venture Round round in Jun 2026. Investors include Altor, GIC and Wallenberg Investments.

Tech & App Stack

8 technologies & apps tracked

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Funding History

Venture RoundVenture RoundJun 2026
$1.5B

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Investors

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