The alliance aims to support the transformation of European industry by bringing together companies that invest in and commit to investing in clean hydrogen technologies.
ERA is expected to engage in dialogue with European policymakers, particularly in shaping policies to expand the use of clean hydrogen in energy-intensive industries as well as in the energy and transport sectors. The alliance also highlights that increasing investments in clean hydrogen can reduce dependence on imported fossil fuels and strengthen Europe’s energy resilience.
Established under the initiative of the Thyssenkrupp group, statements made within the alliance noted that Stegra’s participation complements ongoing cooperation with other group companies. Ola Hansén, Stegra’s Head of Public Affairs for EU Affairs, described the initiative as an important step for industrial collaboration.
The company’s green steel plant under construction in Boden, northern Sweden, is considered one of Europe’s largest green hydrogen production projects. The hydrogen to be produced there is expected to play a critical role in near-zero-emission steel production, with green iron serving as a key input for low-carbon steel manufacturing.
Key policy proposals highlighted within the alliance include strengthening carbon pricing through the EU Emissions Trading System (ETS) and the Carbon Border Adjustment Mechanism (CBAM), as well as creating a competitive market for low-emission products.
Additionally, it is proposed that revenues generated from ETS auctions be redirected to support industrial decarbonization investments, either through the existing EU Innovation Fund or a potential new Industrial Decarbonization Bank. On the demand side, the importance of establishing “lead markets” for low-carbon products, introducing requirements for low-carbon steel in public procurement, and updating emission standards in the automotive sector is emphasized.
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