Stegra

1. 23 May 2021

   Series A

   €86.2M

   Cumulative €86.2M

2. 29 Aug 2022 · +1 yr 3 mo

   Series B

   €190.0M

   Cumulative €276.2M

3. 19 Oct 2022 · +2 mo

   Series B

   €70.0M

   Cumulative €346.2M

4. 07 Sep 2023 · +11 mo

   Private placement

   €1.5B

   Cumulative €1.8B

5. 22 Jan 2024 · +4 mo

   Grant

   €250.0M

   Cumulative €2.1B

6. 22 Jan 2024 · +same period

   Equity extension

   €300.0M

   Cumulative €2.4B

7. 22 Jan 2024 · +same period

   Debt

   €4.2B

   Cumulative €6.6B

8. 18 Sep 2024 · +8 mo

   Grant

   €106.0M

   Cumulative €6.7B

9. 24 Jun 2026 · +1 yr 9 mo

   Financing round

   €1.4B

   Cumulative €8.1B

Amounts in EUR, converted at the ECB rate on the event date. Funding totals exclude debt, grants and state aid; rounds whose instrument is not yet established are still counted. Every figure links to its source.

• Hire30 Sep 2026

  Håkan Buskhe has been appointed as the new CEO of Stegra, succeeding Henrik Henriksson, effective November 1.

  CEO

  ▸Source: Breakit

  “Saabs och FAM:s förra vd Håkan Buskhe blir den 1 november ny vd för ståltillverkaren Stegra efter den nuvarande vd:n Henrik Henriksson. Ändringen kommer efter 100 dagars genomlysning av de nya ägarna…”

  Read at Breakit

• Funding24 Jun 2026EUR 1.4B

  Stegra closed a €1.4 billion financing round led by a Wallenberg Investments consortium, with broad support from existing shareholders and lenders, to complete its Boden plant.

  ▸Source: stegra.com

  Read at stegra.com

• Hire01 Nov 2025

  Håkan Buskhe has been appointed as the new CEO of Stegra, replacing Henrik Henriksson who will continue as an advisor.

  CEO

  ▸Source: Kauppalehti

  “Wallenbergien teollisuussuvun johtaman sijoituskonsortion oli tarkoitus pelastaa miljardisijoituksella Pohjois-Ruotsiin suunnitellun terästehtaan rakentaminen. Tarkemmassa tarkastelussa kävi ilmi,…”

  Read at Kauppalehti

• Funding18 Sep 2024EUR 106.0M

  The Swedish Energy Agency granted Stegra SEK 1.2 billion in state aid through the Industrial Leap programme to build its integrated low-carbon steel plant; the aid had European Commission approval.

  ▸Source: energimyndigheten.se

  Read at energimyndigheten.se

• Funding22 Jan 2024EUR 250.0M

  H2 Green Steel announced a €250 million EU Innovation Fund grant for its large-scale green-steel plant as part of its January 2024 financing package.

  ▸Source: stegra.com

  Read at stegra.com

• Funding22 Jan 2024EUR 300.0M

  Alongside its project-debt closing, H2 Green Steel added close to €300 million in equity, taking its total equity funding at that point to €2.1 billion.

  ▸Source: stegra.com

  Read at stegra.com

• Funding22 Jan 2024EUR 4.2B

  H2 Green Steel signed definitive agreements for €4.2 billion in project financing, comprising €3.5 billion in senior debt and an up-to-€600 million junior debt facility plus other facilities.

  ▸Source: stegra.com

  Read at stegra.com

• Funding07 Sep 2023EUR 1.5B

  H2 Green Steel raised about €1.5 billion in a private equity placement co-led by Altor, GIC, Hy24, and Just Climate to finance its Boden green-steel plant.

  ▸Source: stegra.com

  Read at stegra.com

• Funding19 Oct 2022EUR 70.0M

  H2 Green Steel added €70 million at the final close of its Series B from investors including Hitachi Energy, Kobe Steel, and Kinnevik, taking the full Series B to €260 million.

  ▸Source: stegra.com

  Read at stegra.com

• Funding29 Aug 2022EUR 190.0M

  H2 Green Steel secured €190 million in the first close of its Series B equity financing, co-led by AMF, GIC, Schaeffler, and Altor Fund V.

  ▸Source: stegra.com

  Read at stegra.com

• Funding23 May 2021EUR 86.2M

  H2 Green Steel, now Stegra, closed a $105 million Series A equity round backed by strategic industrial partners and long-term investors to accelerate its green-steel plans.

  ▸Source: stegra.com

  Read at stegra.com

• Håkan Buskhe

  CEO

• Henrik Henriksson

  CEO

• Leif Johansson

  Chairman

What does Stegra do?

Stegra, formerly H2 Green Steel, is building a hydrogen-based steel plant at Boden in northern Sweden, where about 700 MW of electrolysers make hydrogen that strips oxygen from iron ore in place of coal, before electric arc furnaces melt it into steel. As of August 2026 the mill is still under construction and not yet producing; planned output is 2.5 million tonnes a year.

When was Stegra founded?

Stegra was founded in 2020.

Where is Stegra headquartered?

Stegra is headquartered in Stockholm, Sweden.

How much funding has Stegra raised?

Stegra has raised €8.1B (across 9 rounds · last 24 Jun 2026).

What was Stegra's latest funding round?

Stegra's most recent disclosed round was a financing round round of €1.4B, announced 24 June 2026.

Who has invested in Stegra?

Investors in Stegra include Altor, AMF, Kallskär, Kinnevik, Temasek.