S
StegraStegra Boden Plant Configuration
| Item | Figure | Notes |
|---|---|---|
| Location | Boden, Sweden (270 hectare site in OECD note) | HQ Stockholm |
| Electrolyzer | 700 MW (alkaline and PEM in the OECD note) | On-site hydrogen for DRI |
| DRI nameplate | 2.1 million tonnes a year | Phase 1 |
| Finished steel | 2.5 million tonnes a year phase 1; 5 Mt aim by 2030 | Phase 2 is a target |
| CO2 vs blast furnace | Up to 95% lower (FID PR) | Company claim at FID |
| Status (Jun 2026) | Under construction; timeline under review | Close PR |
Stegra Company Milestones
| Date | Event | Source class |
|---|---|---|
| 2020 | Founded as H2 Green Steel (Vargas) | Company / OECD |
| 2023-06 | Full environmental permit | OECD case study |
| 2023-09 | About €1.5 billion equity (Altor, GIC, Hy24, Just Climate among leads) | OECD case study |
| 2024-01 | FID: €4.2 billion debt, €2.1 billion equity, €250 million EU grant | Company PR |
| 2024 | Renamed Stegra | Company PRs |
| 2026-06-24 | €1.4 billion Wallenberg-led round closes; timeline under review | Company PR |
Stegra Offtake and Identity
| Item | Disclosure | Caveat |
|---|---|---|
| Offtake at FID | Half of 2.5 Mt initial volumes, binding 5 to 7 year contracts | Company PR, Jan 2024 |
| Named customers (project summaries) | Mercedes-Benz, Porsche, Volvo Group, BMW, IKEA, Scania among those cited | Names from project summaries; volumes not printed in the FID PR |
| Legal identity | Founded 2020 as H2 Green Steel; renamed Stegra in 2024 | Company PRs |
| 2026 equity offtake overlap | Scania listed as a 2026 shareholder | Close PR |
Stegra 2024 Project Finance Package (FID)
| Instrument | Amount | Notes |
|---|---|---|
| Senior + junior project debt | €4.2 billion (€3.5 billion senior, up to €600 million junior) | Signed Jan 2024 |
| Equity (cumulative at FID) | €2.1 billion, including about €300 million added at signing | Holding-company equity |
| EU Innovation Fund grant | €250 million | Awarded, not equity |
| Package total | About €6.5 billion | Company total at FID |
| Offtake at FID | Half of 2.5 Mt initial volumes in binding 5 to 7 year contracts | Company PR |
Stegra June 2026 €1.4 Billion Round
| Item | Figure | Notes |
|---|---|---|
| New financing | €1.4 billion | Closed 24 Jun 2026 |
| Lead | Wallenberg Investments consortium | Temasek, IMAS, Bolero, SEB-Stiftelsen |
| Existing shareholders | Altor second-largest; Hy24, Just Climate, AMF, AP2, Scania, others | Company PR |
| Debt facilities | 2024 undrawn facilities still available; 100% lender approval | Company PR |
| Ownership | Consortium majority via Stegra HoldCo (>90% of Stegra) | Wallenberg PR |
| Timeline | Construction ramping; project timeline under review | Close PR |
