Uniper SE has signed an agreement with Stegra to provide electricity for a groundbreaking hydrogen project in northern Sweden. The project involves the construction of a massive facility in Boden that will utilize an electrolyzer to extract hydrogen from water using electricity. This clean hydrogen will be crucial in transforming iron ore into green sponge iron for steel production. The partnership aims to produce 2.5 million tonnes of green steel annually, with plans to scale up to five million tons per year by 2030, significantly reducing carbon emissions. The transition to green steel has garnered support from major companies like Porsche AG and IKEA's Ingka Group, highlighting the demand for sustainable steel production. The collaboration between Uniper and Stegra signifies a significant step towards achieving industrial emission reductions in Europe and sets the stage for a long-term partnership in the renewable energy sector.