H2 Green Steel is changing its name to Stegra. The company’s purpose is to decarbonize hard to-abate industries by leveraging the three platforms it works with: green hydrogen, green iron and green steel.

H2 Green Steel was launched in 2021 to reduce emissions in the steel industry on a very ambitious timeline. By showing that it can be done, the company also aimed to inspire the incumbent steel industry to speed up the pace of change. Having secured funding of €6.5 billion and being well on its way to building the world’s first large-scale green steel plant – with start of production in 2026 – the company now starts a new chapter with a new name: Stegra.

“Stegra is a Swedish word which means ‘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 honors our Swedish roots and where it all began in Boden.” – says Henrik Henriksson, CEO Stegra.

The name Stegra is based on the three distinct platforms that are being built in Boden:  
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1. Green hydrogen: one of the world’s largest electrolyzers  
2. 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
3. Green steel: a fully electrified large-scale production facility for near-zero emissions steel

Read the entire press release here.