Stegra had previously secured a EUR 100 million grant from the Industrial Leap program as part of the EUR 265 million Swedish support package approved by the European Commission under EU State Aid rules in September 2024 and partially financed through the Recovery and Resilience Facility. With the newly announced EUR 37 million in additional funding, the total amount of public support allocated to the project has increased significantly.
Commenting on the development, Stegra CEO Henrik Henriksson stated: “We are grateful for the decision by the Swedish Energy Agency. This support enables us to strengthen the competitiveness of Sweden and Europe. There is still a gap within the limits approved by the EU, and we hope further steps will be taken to close this gap and ensure a more level playing field with other projects.”
The company’s project in Boden is regarded as an important step in accelerating Europe’s transition to fossil-free steel production.
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