Stegra's Boden facility in Sweden is set to revolutionize the steel industry by producing green steel starting in 2026. With a massive 690 MW electrolysis capacity, the facility will house a direct reduced iron (DRI) plant, two electric arc furnaces, and cold rolling and finishing facilities. By incorporating green hydrogen in the DRI process, the plant is expected to slash CO2 emissions by 95% compared to traditional blast furnace methods. Funded by the Industrial Leap fund established under Swedish climate legislation, the project is gaining significant support. The European Commission has allocated an additional €265 million for the Boden plant. CEO Henrik Henriksson highlighted the importance of this funding in creating a level playing field with other European steel companies. The company, previously known as H2 Green Steel, has secured substantial debt financing and attracted buyers like Volvo Group and Porsche for its green steel. This initiative is not only financially viable but also promises a notable positive climate impact, making it a beacon of sustainability in the Swedish manufacturing landscape.