Europe’s flagship green-steel project gets a financial lifeline

November 01, 2025 at 12:23 AM
Alexander Kaufman
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Summary

Facing a cash crunch of more than $1 billion, Europe’s flagship green-steel project began publicly seeking a financial lifeline earlier this month. This week, the French hydrogen investor Hy24 swooped in to help fund Stegra, the Swedish firm behind the effort. Construction is 60% complete on the facility, which is…

Facing a cash crunch of more than $1 billion, Europe’s flagship green-steel project began publicly seeking a financial lifeline earlier this month. This week, the French hydrogen investor Hy24 swooped in to help fund Stegra, the Swedish firm behind the effort. Construction is 60% complete on the facility, which is…

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