SHORTList
Stegra logo
Climate/Energy
Industrial/Manufacturing

Stegra

Decarbonizing the steel industry

CORE INFO

$1.4B
Total Funding
2020
Founded
~50 employees
Team Size
Stockholm, Sweden
Headquarters

Stegra is a Swedish company dedicated to transforming the steel industry by producing near-zero emission steel using green hydrogen and green iron. Their sustainable solutions are sought after by major clients like Porsche and Microsoft, who are committed to reducing their carbon footprint.

  • Stegra secured a €1.4 billion financing round in June 2026, led by Wallenberg Investments, with participation from Temasek and IMAS.prnewswire.com
  • Porsche plans to incorporate Stegra's CO₂-reduced steel in its sports cars starting in 2026.stegra.com
  • Morningstar reported on Stegra's completion of the €1.4 billion financing round, highlighting investor confidence in their green steel initiatives.morningstar.com

WHY WE WOULD WORK AT STEGRA

Decarbonizing Steel Industry

Join a mission to produce near-zero emission steel using green hydrogen and green iron, significantly reducing carbon emissions in a hard-to-abate sector.

Diverse Team Culture

Be part of a diverse team with approximately 55 nationalities, committed to gender equality and fostering an inclusive workplace.

Innovative Technology

Work with cutting-edge technology that utilizes renewable electricity for electrolysis, transforming traditional steel production into a sustainable process.

Notable Partnerships

Collaborate with industry leaders like Porsche and Microsoft, providing sustainable steel solutions that meet the demands of a greener future.

Strong Financial Backing

Benefit from significant funding of €1.4 billion to support groundbreaking green steel initiatives, ensuring job stability and growth opportunities.

Impactful Work

Contribute to a revolutionary project recognized by the EU Innovation Fund, making a tangible impact on climate change and the steel industry.

MARKET AND TRACTION

TOTAL ADDRESSABLE MARKET

  • The global steel industry is a significant contributor to carbon emissions, making it a prime target for decarbonization efforts.

  • Stegra's focus on producing near-zero emission steel positions it within a rapidly growing market for sustainable materials, driven by increasing regulatory pressures and consumer demand for greener products.

    • NOTABLE CUSTOMERS

  • Stegra has established partnerships with major companies, including Porsche, which plans to use CO₂-reduced steel in its sports cars starting in 2026.

  • Microsoft has entered into a customer agreement with Stegra, highlighting the demand for sustainable steel solutions in the tech industry.

  • Thyssenkrupp Materials Services signed a customer agreement with Stegra in January 2026, further expanding its client base.

    • KEY METRICS

    ✦ KEY METRIC
  • Total funding secured by Stegra amounts to $1.4 billion, indicating strong investor confidence in its green steel initiatives.

  • The company generated $15 million in revenue in 2024, showcasing its early traction in the market.

    • GROWTH TACTICS

  • Stegra is leveraging partnerships with established companies to enhance its market presence and credibility in the steel industry.

  • The company is focused on innovation in green hydrogen production and electrolysis, which are critical to its mission of decarbonizing steel manufacturing.

    • COMPETITIVE ADVANTAGE

  • Stegra's unique approach to utilizing green hydrogen and green iron sets it apart from traditional steel producers, significantly reducing carbon emissions.

  • The company's commitment to gender equality and a diverse workforce fosters a collaborative culture that drives innovation and sustainability.

    • PRODUCT AND TECH

    Green Hydrogen Production

    Stegra utilizes renewable electricity to produce green hydrogen through electrolysis, a crucial step in their process to create near-zero emission steel. This technology significantly reduces the carbon footprint associated with traditional steel production.

    Green Iron Refinement

    The company employs green hydrogen to refine iron ore into green iron, which is essential for manufacturing sustainable steel. This innovative approach minimizes carbon emissions and supports the transition to a more environmentally friendly steel industry.

    Sustainable Steel Solutions

    Stegra focuses on providing low-emission steel products to clients in various sectors, including automotive and technology. Their partnerships with companies like Porsche and Microsoft highlight their commitment to delivering sustainable materials for modern manufacturing.

    Collaborative Partnerships

    Stegra has established strategic partnerships with industry leaders to advance its green steel initiatives, ensuring a collaborative approach to tackling the climate crisis. These alliances enhance their technological capabilities and market reach.

    Funding for Innovation

    With a total funding of $1.4 billion, Stegra is well-positioned to invest in innovative technologies and expand its operations in the green steel sector. This financial backing supports their mission to decarbonize hard-to-abate industries.

    COMPANY CULTURE

    Values

  • Head held high, eye-leveled: Treating people with respect while confidently facing challenges.

  • We, not me, together: Emphasizing collaboration and partnerships to solve the climate crisis.

  • Flow: Ensuring smooth decision-making processes and trusting team members.

  • Customer first: Prioritizing customer needs and the demand for greener value chains.

    • Operating Principles

  • Innovation-driven: Encouraging creative solutions to decarbonize the steel industry.

  • Sustainability focus: Committing to environmentally friendly practices in all operations.

  • Diversity and inclusion: Striving for a 50/50 gender balance within the team and management.

    • Benefits

  • Competitive salary packages that reflect industry standards.

  • Opportunities for professional development and training in green technologies.

  • Flexible work arrangements to support work-life balance.

    • Team Cadence

  • Regular team meetings to foster collaboration and share progress.

  • Open communication channels to encourage feedback and idea sharing.

  • Monthly check-ins to align on goals and celebrate achievements.

    • Learning & Growth

  • Access to workshops and seminars on sustainability and innovation.

  • Mentorship programs to support career development within the company.

  • Encouragement to pursue certifications in green technologies and practices.

    • HIRING SIGNAL

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    KEY COMPANY ANNOUNCEMENTS

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    3 announcements · ranked by importance
    Jun 24, 2026FUNDINGStegra announces closing of €1.4 billion financing roundprnewswire.com
    Jun 1, 2026FUNDINGStegra announces closing of €1.4 billion financing roundprnewswire.com
    Apr 14, 2026FUNDINGStegra has agreed in principle on a €1.4 billion financing round - Stegrastegra.com