Axpo and Stegra Partnership Spearheading Green Hydrogen in Boden
Key Ideas
- Axpo Nordic to supply 2.25 TWh of electricity to Stegra's green hydrogen facility in Boden from 2027.
- Parties envision a long-term partnership to support the production of green hydrogen, iron, and steel at scale.
- Both companies highlight the importance of decarbonizing hard-to-abate industries and advancing towards a low-carbon economy.
- Axpo Nordic, a subsidiary of Axpo Group, plays a key role in the Nordic and Baltic energy markets with a focus on renewable energy solutions.
In a significant move towards sustainable energy production, Axpo Nordic and Stegra have signed a substantial electricity agreement to supply 2.25 TWh of electricity to Stegra's upcoming green hydrogen facility in Boden, Sweden. The deal, set to commence in 2027, marks the beginning of a strategic collaboration between the two entities, aiming to revolutionize the steel industry by producing green hydrogen, iron, and steel on a large scale.
Arne Österlind of Stegra emphasizes Axpo's role as an innovative partner in securing fossil-free electricity for their operations, highlighting the importance of this partnership in their energy portfolio. The Managing Director of Axpo Sverige AB, Tomas Sjöberg, expresses the company's dedication to supporting Stegra in decarbonizing industries and transitioning to a low-carbon economy.
Axpo Nordic, a subsidiary renowned for its expertise in renewable energy solutions, is integral to this agreement. The company's focus on electricity trading and managing renewable power aligns with the goals of advancing green technologies. This partnership not only signifies a step towards sustainability but also showcases the potential for green hydrogen to transform traditional industries.