Swedish green steel startup Stegra has announced a significant financial boost, securing €1.4 billion in funding led by the influential Wallenberg family. The investment provides crucial support for the completion of Stegra’s hydrogen-based steel plant project in northern Sweden.
Originally operating under the name H2 Green Steel, Stegra has been on a funding campaign to realize its flagship green steel plant. CEO Henrik Henriksson stated this latest round reflects strong investor confidence. The recent financing venture now…