In Sweden, construction is underway for an industrial-scale plant in Boden that aims to revolutionize steel production by emitting almost zero carbon dioxide. Stegra, formerly known as H2 Green Steel, has secured nearly $7 billion in financing since its formation in 2020 and is projected to commence operations in 2026. The innovative approach involves using hydrogen generated from renewable sources through electrolysis powered by wind and hydropower. This method marks a significant step towards mitigating the steel industry's substantial carbon emissions, which account for approximately 8% of global carbon emissions. Traditional steel production in coal-based blast furnaces emits high levels of carbon dioxide, making it a major contributor to climate change. To address this issue, companies like Stegra, Hybrit, and Boston Metal are actively exploring ways to leverage renewable power and hydrogen to reduce emissions in steelmaking processes. The integration of clean energy sources in steel production could lead to a drastic reduction in carbon pollution. While the Stegra plant's planned output is a fraction of the global steel production volume, its role as a pioneering low-emission operation sets a positive precedent for the industry. By showcasing the feasibility and environmental benefits of green steel, Stegra and similar initiatives are driving the transition towards a more sustainable steel sector.