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Stegra phase 1 - Boden

Construction✓ Source-checked

Stegra AB (formerly H2 Green Steel; rebrand 12-Sep-2024)

Source: IEA Hydrogen Projects Database (September 2025)

Project Overview

Country: Sweden
Region: Norrland
Capacity: 740 MW
Technology: Alkaline Electrolysis
Investment · scope not declared (USD): $3.8B
Subsidy Status: approved

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Development Timeline

AnnouncedOct 2020

FIDNov 2022

ConstructionMar 2023

Operational—

Readiness Score

77/ 100

Mature

Weighted checklist of public info. Not a prediction of success.

Development

✓Final Investment Decision+15

✓EPC Contract signed+10

✓Permits obtained+8

✓Grid connection secured+7

Commercial

✓Binding offtake agreement+15

✓MOU / offtake letter of intent(implied)+5

✓Confirmed price / tariff+5

✗Applied to government program+5

Financing

✓Project finance / debt secured+10

✓Subsidy (approved)+5

Track Record

✗Developer has completed H2 project+5

✗Developer has completed RE project+3

✓Developer has energy experience+2

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