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) secured 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.
Expected to start operations in 2026, the plant will use green hydrogen to reduce iron ore into sponge iron, which will then be fed into steel production.
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