Swedish green steelmaker Stegra has signed a six-year electricity supply agreement with Uniper for a total of 6TWh to power its inaugural green hydrogen-based steel plant. The power purchase agreement (PPA) secures a yearly electricity supply between 2027 and 2032 for a total of 6TWh to the Boden plant, which will power the 700MW of on-site electrolysis and initial 2.5 million tonnes of annual steel production. The plant, expected to start operations in 2026, will use green hydrogen to reduce iron ore into sponge iron, which will then be fed into steel production, aiming to reduce CO2 emissions by up to 95%. The article highlights the strategic partnership between Uniper and Stegra for long-term access to electricity for the plant, emphasizing the importance of accelerating reductions of industrial emissions in Europe. Through its green steel process involving hydrogen-based direct reduction of iron (DRI), Stegra plans to produce a maximum of five million tonnes of steel with significantly lower CO2 emissions than traditional processes. The article discusses the environmental impact of steel production and the need for cleaner processes due to the industry's high carbon emissions. It explains how the direct reduction of iron (DRI) using green hydrogen technology can potentially reduce CO2 emissions by over 95% compared to conventional methods, offering a more sustainable approach to steelmaking.